National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 11/24/2017

Past Market Reports

Report Date: 11/24/2017

LM_HG201
Des Moines, Iowa               Fri, Nov 24, 2017                USDA Market News

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

Barrows and Gilts (Live and Carcass Basis): 420,047

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

HEAD COUNT                 8,745   39,419   140,330   89,619      1,552  279,665
CARCASS BASE PRICE         57.82    60.00     61.35    67.65          *    63.10
AVERAGE NET PRICE          58.86    62.50     63.80    68.46          *    65.00
LOWEST NET LOT             50.11    48.55     46.43    53.93          *    49.72
HIGHEST NET LOT            64.26    72.63     80.49    90.70          *    80.18
AVERAGE LIVE WT           269.83   285.67    285.91   283.33          *   284.56
AVERAGE CARCASS WT        202.64   215.27    214.77   212.62          *   213.78
AVERAGE SORT LOSS          -1.96    -1.96     -1.72    -1.36          *    -1.65
AVERAGE BACKFAT             0.61     0.67      0.66     0.72          *     0.68
AVG LOIN DEPTH (LD)         2.33     2.70      2.75     2.50          *     2.67
LEA (LD Converted)          6.98     8.13      8.27     7.51          *     8.02
AVERAGE LEAN PERCENT       54.09    55.77     56.09    55.27          *    55.78
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                       14,391
CARCASS BASE PRICE                59.88
AVERAGE NET PRICE                 61.83
AVERAGE OF LOWEST NET LOTS        55.26
AVERAGE OF HIGHEST NET LOTS       65.27
AVERAGE LIVE WT                  280.17
AVERAGE CARCASS WT               210.44
AVERAGE SORT LOSS                 -2.16
AVERAGE BACKFAT                    0.67
AVERAGE LOIN DEPTH (LD)            2.67
LOINEYE AREA (LD Converted)        8.03
AVERAGE LEAN PERCENT              56.54
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      125,991
AVERAGE LIVE WT                  282.57
AVERAGE CARCASS WT               213.69
AVERAGE BACKFAT                    0.67
AVERAGE LOIN DEPTH (LD)            2.50
AVERAGE LEAN PERCENT              54.00
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
213.63 lbs carcass;  BF 0.67;  LD 2.62;  LEA 7.88;  FFLI  53.20%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $62.94
                    Wtd Avg Net Price        $64.84
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   November 24, 2017                  408,596
   November 25, 2017                  294,397
   November 26, 2017                   37,956
   November 27, 2017                  349,657
   November 28, 2017                  366,623
   November 29, 2017                  353,540
   November 30, 2017                  343,303
   December 01, 2017                  339,526
   December 02, 2017                  142,021
   December 03, 2017                   20,830
   December 04, 2017                  135,828
   December 05, 2017                  146,398
   December 06, 2017                  145,652
   December 07, 2017                  144,081
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     8,745        1,552      10,297
CARCASS BASE PRICE             57.82            *       57.82
AVERAGE NET PRICE              58.86            *       58.86
LOWEST NET LOT                 50.11            *       50.11
HIGHEST NET LOT                64.26            *       64.26
AVERAGE LIVE WT               269.83            *      272.65
AVERAGE CARCASS WT            202.64            *      202.64
AVERAGE SORT LOSS              -1.96            *       -1.96
AVERAGE BACKFAT                 0.61            *        0.61
AVG LOIN DEPTH (LD)             2.33            *        2.33
LEA (LD Converted)              6.98            *        6.98
AVERAGE LEAN PERCENT           54.09            *       54.09
(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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