National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 5/16/2018

Past Market Reports

Report Date: 5/16/2018

LM_HG201
Des Moines, Iowa               Wed, May 16, 2018                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Tuesday, May 15, 2018

Barrows and Gilts (Live and Carcass Basis): 431,585

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

HEAD COUNT                 6,550   43,111   129,079  103,437      1,339  283,516
CARCASS BASE PRICE         61.53    70.85     63.74    68.69          *    66.62
AVERAGE NET PRICE          64.55    73.51     66.69    70.07          *    68.93
LOWEST NET LOT             59.87    62.49     55.17    50.68          *    60.65
HIGHEST NET LOT            72.38    85.54     81.21    86.61          *    84.02
AVERAGE LIVE WT           269.04   282.22    282.36   279.44          *   280.99
AVERAGE CARCASS WT        198.04   213.85    212.63   209.81          *   211.46
AVERAGE SORT LOSS          -1.08    -1.32     -1.53    -1.06          *    -1.33
AVERAGE BACKFAT             0.62     0.61      0.63     0.70          *     0.65
AVG LOIN DEPTH (LD)         2.25     2.71      2.71     2.50          *     2.64
LEA (LD Converted)          6.76     8.16      8.14     7.50          *     7.93
AVERAGE LEAN PERCENT       54.04    56.22     56.26    55.56          *    56.01
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                        8,539
CARCASS BASE PRICE                63.01
AVERAGE NET PRICE                 66.65
AVERAGE OF LOWEST NET LOTS        61.25
AVERAGE OF HIGHEST NET LOTS       72.78
AVERAGE LIVE WT                  275.67
AVERAGE CARCASS WT               207.17
AVERAGE SORT LOSS                 -1.98
AVERAGE BACKFAT                    0.63
AVERAGE LOIN DEPTH (LD)            2.84
LOINEYE AREA (LD Converted)        8.55
AVERAGE LEAN PERCENT              57.07
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      139,530
AVERAGE LIVE WT                  284.30
AVERAGE CARCASS WT               215.47
AVERAGE BACKFAT                    0.66
AVERAGE LOIN DEPTH (LD)            2.53
AVERAGE LEAN PERCENT              54.20
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
212.70 lbs carcass;  BF 0.65;  LD 2.61;  LEA 7.85;  FFLI  53.60%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $66.51
                    Wtd Avg Net Price        $68.86
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   May 16, 2018                       435,242
   May 17, 2018                       406,866
   May 18, 2018                       364,263
   May 19, 2018                        65,966
   May 20, 2018                        32,416
   May 21, 2018                       177,634
   May 22, 2018                       193,193
   May 23, 2018                       186,202
   May 24, 2018                       186,052
   May 25, 2018                       161,417
   May 26, 2018                         8,501
   May 27, 2018                             0
   May 28, 2018                        19,899
   May 29, 2018                       128,800
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     6,550        1,339       7,889
CARCASS BASE PRICE             61.53            *       61.53
AVERAGE NET PRICE              64.55            *       64.55
LOWEST NET LOT                 59.87            *       59.87
HIGHEST NET LOT                72.38            *       72.38
AVERAGE LIVE WT               269.04            *      272.30
AVERAGE CARCASS WT            198.04            *      198.46
AVERAGE SORT LOSS              -1.08            *       -1.08
AVERAGE BACKFAT                 0.62            *        0.62
AVG LOIN DEPTH (LD)             2.25            *        2.26
LEA (LD Converted)              6.76            *        6.79
AVERAGE LEAN PERCENT           54.04            *       54.03
(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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