National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 2/25/2014

Past Market Reports

Report Date: 2/25/2014

LM_HG201
Des Moines, Iowa               Tue, Feb 25, 2014                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Monday, February 24, 2014

Barrows and Gilts (Live and Carcass Basis): 380,440

                             NEGOTIATED     OTHER     SWINE     OTHER    TOTALS/
                                           MARKET   OR PORK  PURCHASE    WTD AVG
                                          FORMULA    MARKET  ARRGMENT
                                                    FORMULA
--------------------------------------------------------------------------------
Producer Sold:

HEAD COUNT                       12,686    31,666   153,793    53,862    252,007
CARCASS BASE PRICE                89.69     84.38     91.24     88.93      89.81
AVERAGE NET PRICE                 92.93     86.13     93.19     90.04      91.61
LOWEST NET LOT                    83.08     68.32     74.28     77.41      73.98
HIGHEST NET LOT                   98.43    102.32    104.09    100.64     100.54
AVERAGE LIVE WT                  272.68    281.20    280.75    282.69     280.79
AVERAGE CARCASS WT               206.01    211.98    212.86    212.61     212.36
AVERAGE SORT LOSS                 -1.51     -1.75     -2.02     -1.32      -1.79
AVERAGE BACKFAT                    0.73      0.72      0.70      0.73       0.71
AVERAGE LOIN DEPTH (LD)            2.48      2.69      2.72      2.54       2.65
LOINEYE AREA (LD Converted)        7.46      8.08      8.19      7.65       7.98
AVERAGE LEAN PERCENT              54.46     55.40     55.59     55.00      55.33
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                       14,523
CARCASS BASE PRICE                92.85
AVERAGE NET PRICE                 96.31
AVERAGE OF LOWEST NET LOTS        91.31
AVERAGE OF HIGHEST NET LOTS      101.10
AVERAGE LIVE WT                  263.29
AVERAGE CARCASS WT               200.26
AVERAGE SORT LOSS                 -1.11
AVERAGE BACKFAT                    0.63
AVERAGE LOIN DEPTH (LD)            2.59
LOINEYE AREA (LD Converted)        7.78
AVERAGE LEAN PERCENT              56.11
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      113,910
AVERAGE LIVE WT                  282.69
AVERAGE CARCASS WT               213.46
AVERAGE BACKFAT                    0.70
AVERAGE LOIN DEPTH (LD)            2.47
AVERAGE LEAN PERCENT              53.74
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
212.22 lbs carcass;  BF 0.70;  LD 2.61;  LEA 7.84;  FFLI  52.60%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $89.94
                    Wtd Avg Net Price        $91.87
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   February 25, 2014                  389,510
   February 26, 2014                  368,015
   February 27, 2014                  360,479
   February 28, 2014                  309,142
   March 01, 2014                      35,867
   March 02, 2014                      31,915
   March 03, 2014                     144,355
   March 04, 2014                     145,519
   March 05, 2014                     143,273
   March 06, 2014                     138,570
   March 07, 2014                     113,615
   March 08, 2014                           0
   March 09, 2014                      22,180
   March 10, 2014                     110,830
--------------------------------------------------------------------------------
Source:      USDA Livestock and Grain Market News, Des Moines, IA
             515-284-4460      email:  desm.lpgmn@usda.gov
             24 Hour recorded market information 515-284-4830
             www.ams.usda.gov/LSMarketNews
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