National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 10/24/2017

Past Market Reports

Report Date: 10/24/2017

LM_HG201
Des Moines, Iowa               Tue, Oct 24, 2017                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Monday, October 23, 2017

Barrows and Gilts (Live and Carcass Basis): 411,597

                      NEGOTIATED    OTHER     SWINE    OTHER NEGOTIATED  TOTALS/
                                   MARKET   OR PORK PURCHASE    FORMULA  WTD AVG
                                  FORMULA    MARKET ARRGMENT
                                (FUT/OPT)** FORMULA
--------------------------------------------------------------------------------
Producer Sold:

HEAD COUNT                12,483   37,833   134,622   84,359      1,359  270,656
CARCASS BASE PRICE         61.72    61.90     64.43    67.53          *    65.04
AVERAGE NET PRICE          63.43    63.92     67.13    68.80          *    67.13
LOWEST NET LOT             54.22    53.80     54.94    52.80          *    53.94
HIGHEST NET LOT            73.27    79.24     73.92    85.37          *    79.02
AVERAGE LIVE WT           272.81   282.06    281.38   279.00          *   280.28
AVERAGE CARCASS WT        201.19   212.09    211.65   208.90          *   210.32
AVERAGE SORT LOSS          -1.45    -1.70     -1.50    -1.15          *    -1.41
AVERAGE BACKFAT             0.66     0.69      0.65     0.68          *     0.66
AVG LOIN DEPTH (LD)         2.37     2.69      2.75     2.53          *     2.67
LEA (LD Converted)          7.12     8.09      8.26     7.59          *     8.01
AVERAGE LEAN PERCENT       54.42    55.53     56.28    55.61          *    55.91
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                       14,352
CARCASS BASE PRICE                65.86
AVERAGE NET PRICE                 67.65
AVERAGE OF LOWEST NET LOTS        61.27
AVERAGE OF HIGHEST NET LOTS       71.98
AVERAGE LIVE WT                  278.81
AVERAGE CARCASS WT               208.30
AVERAGE SORT LOSS                 -1.50
AVERAGE BACKFAT                    0.66
AVERAGE LOIN DEPTH (LD)            2.54
LOINEYE AREA (LD Converted)        7.63
AVERAGE LEAN PERCENT              56.02
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      126,589
AVERAGE LIVE WT                  279.80
AVERAGE CARCASS WT               211.65
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:
210.64 lbs carcass;  BF 0.67;  LD 2.61;  LEA 7.85;  FFLI  53.20%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $65.09
                    Wtd Avg Net Price        $67.16
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   October 24, 2017                   433,802
   October 25, 2017                   403,092
   October 26, 2017                   401,356
   October 27, 2017                   379,824
   October 28, 2017                   146,399
   October 29, 2017                    31,129
   October 30, 2017                   164,206
   October 31, 2017                   174,204
   November 01, 2017                  167,278
   November 02, 2017                  164,980
   November 03, 2017                  143,941
   November 04, 2017                   22,655
   November 05, 2017                   12,978
   November 06, 2017                   82,695
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                    12,483        1,359      13,842
CARCASS BASE PRICE             61.72            *       61.72
AVERAGE NET PRICE              63.43            *       63.43
LOWEST NET LOT                 54.22            *       54.22
HIGHEST NET LOT                73.27            *       73.27
AVERAGE LIVE WT               272.81            *      272.64
AVERAGE CARCASS WT            201.19            *      201.19
AVERAGE SORT LOSS              -1.45            *       -1.45
AVERAGE BACKFAT                 0.66            *        0.66
AVG LOIN DEPTH (LD)             2.37            *        2.37
LEA (LD Converted)              7.12            *        7.12
AVERAGE LEAN PERCENT           54.42            *       54.42
(Packer Buying Programs)
--------------------------------------------------------------------------------
*Price not reported due to confidentiality, For more information visit:
www.ams.usda.gov/sites/default/files/media/ConfidentialityGuidelines.pdf

** Futures/Options
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
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