National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 3/1/2018

Past Market Reports

Report Date: 3/1/2018

LM_HG201	***RESENDING FOR CORRECTIONS ON WHOLE REPORT***
Des Moines, Iowa               Thu, Mar 01, 2018                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Wednesday, February 28, 2018

Barrows and Gilts (Live and Carcass Basis): 430,062

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

HEAD COUNT                 9,908   44,817   135,498  101,126      1,559  292,908
CARCASS BASE PRICE         63.93    67.98     65.78    69.82          *    67.54
AVERAGE NET PRICE          66.09    70.71     68.31    71.11          *    69.63
LOWEST NET LOT             58.26    60.36     48.06    61.78          *    60.16
HIGHEST NET LOT            71.45    77.59     83.27    86.94          *    80.69
AVERAGE LIVE WT           270.46   285.69    286.59   283.68          *   284.85
AVERAGE CARCASS WT        196.51   216.04    215.98   213.07          *   214.42
AVERAGE SORT LOSS          -2.27    -1.80     -1.96    -1.22          *    -1.69
AVERAGE BACKFAT             0.57     0.63      0.64     0.69          *     0.65
AVG LOIN DEPTH (LD)         2.34     2.76      2.76     2.58          *     2.70
LEA (LD Converted)          7.01     8.29      8.31     7.75          *     8.12
AVERAGE LEAN PERCENT       54.30    56.31     56.33    55.81          *    56.13
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                        8,775
CARCASS BASE PRICE                65.66
AVERAGE NET PRICE                 68.53
AVERAGE OF LOWEST NET LOTS        65.23
AVERAGE OF HIGHEST NET LOTS       69.36
AVERAGE LIVE WT                  271.78
AVERAGE CARCASS WT               204.92
AVERAGE SORT LOSS                 -1.00
AVERAGE BACKFAT                    0.59
AVERAGE LOIN DEPTH (LD)            2.73
LOINEYE AREA (LD Converted)        8.21
AVERAGE LEAN PERCENT              56.50
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      128,379
AVERAGE LIVE WT                  285.01
AVERAGE CARCASS WT               216.15
AVERAGE BACKFAT                    0.64
AVERAGE LOIN DEPTH (LD)            2.49
AVERAGE LEAN PERCENT              54.24
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
214.67 lbs carcass;  BF 0.65;  LD 2.65;  LEA 7.98;  FFLI  53.70%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $67.48
                    Wtd Avg Net Price        $69.60
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   March 01, 2018                     433,883
   March 02, 2018                     384,335
   March 03, 2018                     112,376
   March 04, 2018                      36,244
   March 05, 2018                     243,761
   March 06, 2018                     247,296
   March 07, 2018                     250,766
   March 08, 2018                     248,417
   March 09, 2018                     227,877
   March 10, 2018                      32,605
   March 11, 2018                      14,833
   March 12, 2018                     121,270
   March 13, 2018                     123,397
   March 14, 2018                     127,183
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     9,908        1,559       11,467
CARCASS BASE PRICE             63.93            *        63.93
AVERAGE NET PRICE              66.09            *        66.09
LOWEST NET LOT                 58.26            *        58.26
HIGHEST NET LOT                71.45            *        71.45
AVERAGE LIVE WT               270.46            *       272.11
AVERAGE CARCASS WT            196.51            *       196.93
AVERAGE SORT LOSS              -2.27            *        -2.34
AVERAGE BACKFAT                 0.57            *         0.57
AVG LOIN DEPTH (LD)             2.34            *         2.34
LEA (LD Converted)              7.01            *         7.02
AVERAGE LEAN PERCENT           54.30            *        54.26
(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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