Iowa/Minnesota Daily Direct Prior Day Purchased Swine
LM_HG204
Des Moines, Iowa                Wed, Sep 13, 2017               USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Tuesday, September 12, 2017

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               14,213          19,531          5,481
  Other Market Formula                     15,695          19,143         14,473
  Swine or Pork Market Formula             83,950          84,635         89,656
  Other Purchase Arrangement               26,415          58,715         29,132
  Negotiated Formula                          646             518              0
Packer Sold (all purchase types)           13,224          13,173         11,045
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                NEGOTIATED     OTHER      SWINE     OTHER  NEGOTIATED    TOTALS/
                              MARKET    OR PORK  PURCHASE     FORMULA    WTD AVG
                             FORMULA     MARKET  ARRGMENT
                                        FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count        12,966    15,645     82,544    26,415          70    137,640
  Base Price         56.02     59.70      62.39     67.91           *      62.51
Packer Sold
  Head Count                                                              13,224
  Base Price                                                               60.25
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 15,041

Compared to Prior Day's closing weighted average (LM_HG204),  1.15 lower

Base Price Rng $52.00 - $56.50, Wtd Avg $55.84, 5 Day Rolling Avg $58.07
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 70

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          COMBINED NEGOTIATED & FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 15,111

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
          REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
      based on both Fat and Muscle Measurements for a 200 lb Carcass Basis

*Price not reported due to confidentiality*
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -8.18          175#   -4.00  2.25          205#    0.00  4.50
    155#   -30.00 -3.82          185#   -1.00  4.00          215#    0.00  4.25
    165#   -15.00 -1.64          195#    0.00  4.50          225#   -1.33  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 90,500

Base Price Range $55.25 - $77.43, Weighted Average $62.20
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,097

Compared to Prior Day's closing weighted average (LM_HG204), 2.34 lower

Price Rng $42.00 - $46.00, Wtd Avg $45.54, 5 Day Rolling Avg $46.70
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 576

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          COMBINED NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs):  1,673

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                103,106             Minnesota             52,287
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*Price not reported due to confidentiality, for more information visit: 
www.ams.usda.gov/sites/default/files/media/ConfidentialityGuidelines.pdf

*Base Price is the price from which no discounts are subtracted and no premiums
are added.

Source:    USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA
           515-284-4460      email:  desm.lpgmn@ams.usda.gov
           24 Hour recorded market information 515-284-4830
           www.ams.usda.gov/market-news/livestock-poultry-grain

0800C

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