National Daily Direct Hog Prior Day - Slaughtered Swine

1. Cattle.com
2. Market Reports
3. Iowa
4. National Daily Direct Hog Prior Day - Slaughtered Swine
5. 2/28/2018

Past Market Reports

Report Date: 2/28/2018

LM_HG201
Des Moines, Iowa               Wed, Feb 28, 2018                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Tuesday, February 27, 2018

Barrows and Gilts (Live and Carcass Basis): 412,476

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

HEAD COUNT                 9,818   41,182   127,287   99,822      1,493  279,602
CARCASS BASE PRICE         64.04    68.35     66.12    70.11          *    67.89
AVERAGE NET PRICE          66.24    71.00     68.73    71.52          *    70.03
LOWEST NET LOT             48.88    59.65     51.37    60.10          *    58.44
HIGHEST NET LOT            73.96    78.22     82.41    88.82          *    82.65
AVERAGE LIVE WT           269.60   285.40    285.50   282.16          *   283.74
AVERAGE CARCASS WT        196.74   216.01    215.19   212.02          *   213.62
AVERAGE SORT LOSS          -1.41    -1.74     -1.97    -1.18          *    -1.64
AVERAGE BACKFAT             0.63     0.61      0.64     0.69          *     0.65
AVG LOIN DEPTH (LD)         2.31     2.78      2.75     2.55          *     2.69
LEA (LD Converted)          6.93     8.36      8.28     7.66          *     8.08
AVERAGE LEAN PERCENT       54.41    56.58     56.37    55.59          *    56.14
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                        9,944
CARCASS BASE PRICE                66.00
AVERAGE NET PRICE                 68.56
AVERAGE OF LOWEST NET LOTS        60.08
AVERAGE OF HIGHEST NET LOTS       70.26
AVERAGE LIVE WT                  270.82
AVERAGE CARCASS WT               203.52
AVERAGE SORT LOSS                 -1.64
AVERAGE BACKFAT                    0.62
AVERAGE LOIN DEPTH (LD)            2.75
LOINEYE AREA (LD Converted)        8.26
AVERAGE LEAN PERCENT              56.66
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      122,930
AVERAGE LIVE WT                  283.98
AVERAGE CARCASS WT               215.82
AVERAGE BACKFAT                    0.62
AVERAGE LOIN DEPTH (LD)            2.48
AVERAGE LEAN PERCENT              54.40
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
213.94 lbs carcass;  BF 0.64;  LD 2.64;  LEA 7.94;  FFLI  53.80%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $67.83
                    Wtd Avg Net Price        $69.97
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   February 28, 2018                  427,748
   March 01, 2018                     407,266
   March 02, 2018                     381,923
   March 03, 2018                     100,441
   March 04, 2018                      35,904
   March 05, 2018                     194,828
   March 06, 2018                     207,481
   March 07, 2018                     203,183
   March 08, 2018                     199,020
   March 09, 2018                     174,714
   March 10, 2018                      19,212
   March 11, 2018                      13,638
   March 12, 2018                     113,326
   March 13, 2018                     114,983
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     9,818        1,493       11,311
CARCASS BASE PRICE             64.04            *        64.04
AVERAGE NET PRICE              66.24            *        66.24
LOWEST NET LOT                 48.88            *        48.88
HIGHEST NET LOT                73.96            *        73.96
AVERAGE LIVE WT               269.60            *       271.71
AVERAGE CARCASS WT            196.74            *       197.41
AVERAGE SORT LOSS              -1.41            *        -1.36
AVERAGE BACKFAT                 0.63            *         0.63
AVG LOIN DEPTH (LD)             2.31            *         2.35
LEA (LD Converted)              6.93            *         7.07
AVERAGE LEAN PERCENT           54.41            *        54.77
(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
1000C


.