National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 2/28/2014

Past Market Reports

Report Date: 2/28/2014

LM_HG201
Des Moines, Iowa               Fri, Feb 28, 2014                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Thursday, February 27, 2014

Barrows and Gilts (Live and Carcass Basis): 393,872

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

HEAD COUNT                       12,782    34,590   156,182    59,729    263,283
CARCASS BASE PRICE                92.14     85.10     94.59     90.81      92.43
AVERAGE NET PRICE                 95.47     87.75     96.72     92.09      94.53
LOWEST NET LOT                    78.20     70.56     81.96     74.34      75.75
HIGHEST NET LOT                  104.52    104.40    107.00    102.68     103.91
AVERAGE LIVE WT                  275.41    283.07    282.98    280.39     282.00
AVERAGE CARCASS WT               207.11    214.44    214.49    210.49     213.28
AVERAGE SORT LOSS                 -1.73     -1.86     -2.08     -1.12      -1.79
AVERAGE BACKFAT                    0.73      0.71      0.70      0.72       0.71
AVERAGE LOIN DEPTH (LD)            2.48      2.74      2.74      2.51       2.66
LOINEYE AREA (LD Converted)        7.45      8.24      8.25      7.53       8.00
AVERAGE LEAN PERCENT              54.16     55.54     55.73     54.87      55.36
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                       13,668
CARCASS BASE PRICE                94.68
AVERAGE NET PRICE                 99.22
AVERAGE OF LOWEST NET LOTS        88.86
AVERAGE OF HIGHEST NET LOTS      111.55
AVERAGE LIVE WT                  268.13
AVERAGE CARCASS WT               205.15
AVERAGE SORT LOSS                 -1.97
AVERAGE BACKFAT                    0.67
AVERAGE LOIN DEPTH (LD)            2.69
LOINEYE AREA (LD Converted)        8.08
AVERAGE LEAN PERCENT              56.07
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      116,921
AVERAGE LIVE WT                  287.75
AVERAGE CARCASS WT               218.57
AVERAGE BACKFAT                    0.73
AVERAGE LOIN DEPTH (LD)            2.51
AVERAGE LEAN PERCENT              53.51
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
214.60 lbs carcass;  BF 0.71;  LD 2.63;  LEA 7.90;  FFLI  52.60%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $92.51
                    Wtd Avg Net Price        $94.76
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   February 28, 2014                  332,659
   March 01, 2014                      30,675
   March 02, 2014                      45,567
   March 03, 2014                     280,358
   March 04, 2014                     295,931
   March 05, 2014                     275,304
   March 06, 2014                     272,139
   March 07, 2014                     231,676
   March 08, 2014                      21,497
   March 09, 2014                      33,631
   March 10, 2014                     125,677
   March 11, 2014                     132,088
   March 12, 2014                     118,167
   March 13, 2014                     112,673
--------------------------------------------------------------------------------
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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