National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 5/23/2018

Past Market Reports

Report Date: 5/23/2018

LM_HG201
Des Moines, Iowa               Wed, May 23, 2018                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Tuesday, May 22, 2018

Barrows and Gilts (Live and Carcass Basis): 424,608

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

HEAD COUNT                 5,245   52,591   127,186   87,461      2,214  274,697
CARCASS BASE PRICE         64.62    73.97     66.52    70.37          *    69.20
AVERAGE NET PRICE          67.74    76.41     69.26    71.85          *    71.45
LOWEST NET LOT             61.96    65.26     57.15    61.95          *    61.62
HIGHEST NET LOT            72.59    86.47     83.70    88.14          *    83.76
AVERAGE LIVE WT           263.81   280.08    282.85   279.51          *   280.87
AVERAGE CARCASS WT        187.19   211.40    212.78   210.24          *   211.26
AVERAGE SORT LOSS          -1.83    -1.35     -1.55    -1.05          *    -1.37
AVERAGE BACKFAT             0.63     0.62      0.63     0.69          *     0.64
AVG LOIN DEPTH (LD)         2.26     2.61      2.72     2.58          *     2.65
LEA (LD Converted)          6.76     7.83      8.18     7.75          *     7.96
AVERAGE LEAN PERCENT       54.18    56.28     56.30    55.65          *    56.10
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                        9,808
CARCASS BASE PRICE                65.67
AVERAGE NET PRICE                 68.45
AVERAGE OF LOWEST NET LOTS        65.35
AVERAGE OF HIGHEST NET LOTS       71.28
AVERAGE LIVE WT                  272.57
AVERAGE CARCASS WT               203.94
AVERAGE SORT LOSS                 -1.52
AVERAGE BACKFAT                    0.60
AVERAGE LOIN DEPTH (LD)            2.71
LOINEYE AREA (LD Converted)        8.13
AVERAGE LEAN PERCENT              56.57
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      140,103
AVERAGE LIVE WT                  281.92
AVERAGE CARCASS WT               213.83
AVERAGE BACKFAT                    0.65
AVERAGE LOIN DEPTH (LD)            2.52
AVERAGE LEAN PERCENT              54.25
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
211.96 lbs carcass;  BF 0.65;  LD 2.61;  LEA 7.86;  FFLI  53.60%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $69.08
                    Wtd Avg Net Price        $71.35
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   May 23, 2018                       426,900
   May 24, 2018                       397,359
   May 25, 2018                       363,900
   May 26, 2018                        18,106
   May 27, 2018                             0
   May 28, 2018                        30,007
   May 29, 2018                       197,061
   May 30, 2018                       201,567
   May 31, 2018                       193,508
   June 01, 2018                      183,758
   June 02, 2018                       44,309
   June 03, 2018                       13,857
   June 04, 2018                      119,639
   June 05, 2018                      130,426
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     5,245        2,214        7,459
CARCASS BASE PRICE             64.62            *        64.62
AVERAGE NET PRICE              67.74            *        67.74
LOWEST NET LOT                 61.96            *        61.96
HIGHEST NET LOT                72.59            *        72.59
AVERAGE LIVE WT               263.81            *       269.84
AVERAGE CARCASS WT            187.19            *       187.51
AVERAGE SORT LOSS              -1.83            *        -2.08
AVERAGE BACKFAT                 0.63            *         0.63
AVG LOIN DEPTH (LD)             2.26            *         2.26
LEA (LD Converted)              6.76            *         6.77
AVERAGE LEAN PERCENT           54.18            *        54.19
(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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