National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 5/24/2018

Past Market Reports

Report Date: 5/24/2018

LM_HG201
Des Moines, Iowa               Thu, May 24, 2018                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Wednesday, May 23, 2018

Barrows and Gilts (Live and Carcass Basis): 417,847

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

HEAD COUNT                 8,771   49,180   130,168   89,970      1,147  279,236
CARCASS BASE PRICE         63.98    73.89     66.64    70.75          *    69.24
AVERAGE NET PRICE          65.61    76.45     69.60    72.21          *    71.57
LOWEST NET LOT             58.18    65.87     57.95    65.73          *    62.13
HIGHEST NET LOT            71.80    86.51     84.33    88.31          *    81.20
AVERAGE LIVE WT           273.75   279.88    281.38   279.06          *   280.15
AVERAGE CARCASS WT        198.26   211.35    211.62   209.97          *   210.65
AVERAGE SORT LOSS          -1.76    -1.27     -1.47    -0.95          *    -1.29
AVERAGE BACKFAT             0.65     0.62      0.63     0.70          *     0.65
AVG LOIN DEPTH (LD)         2.16     2.62      2.71     2.57          *     2.65
LEA (LD Converted)          6.48     7.88      8.14     7.72          *     7.96
AVERAGE LEAN PERCENT       53.85    56.24     56.20    55.59          *    56.04
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                        9,078
CARCASS BASE PRICE                66.32
AVERAGE NET PRICE                 68.44
AVERAGE OF LOWEST NET LOTS        61.99
AVERAGE OF HIGHEST NET LOTS       71.42
AVERAGE LIVE WT                  281.86
AVERAGE CARCASS WT               211.65
AVERAGE SORT LOSS                 -2.28
AVERAGE BACKFAT                    0.63
AVERAGE LOIN DEPTH (LD)            2.78
LOINEYE AREA (LD Converted)        8.37
AVERAGE LEAN PERCENT              56.81
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      129,533
AVERAGE LIVE WT                  281.89
AVERAGE CARCASS WT               214.13
AVERAGE BACKFAT                    0.66
AVERAGE LOIN DEPTH (LD)            2.52
AVERAGE LEAN PERCENT              54.08
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
211.78 lbs carcass;  BF 0.65;  LD 2.61;  LEA 7.85;  FFLI  53.60%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $69.15
                    Wtd Avg Net Price        $71.48
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   May 24, 2018                       420,199
   May 25, 2018                       364,981
   May 26, 2018                        20,746
   May 27, 2018                             0
   May 28, 2018                        32,153
   May 29, 2018                       264,665
   May 30, 2018                       294,944
   May 31, 2018                       289,003
   June 01, 2018                      269,957
   June 02, 2018                      120,741
   June 03, 2018                       15,177
   June 04, 2018                      127,915
   June 05, 2018                      139,101
   June 06, 2018                      137,207
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     8,771        1,147       9,918
CARCASS BASE PRICE             63.98            *       63.98
AVERAGE NET PRICE              65.61            *       65.61
LOWEST NET LOT                 58.18            *       58.18
HIGHEST NET LOT                71.80            *       71.80
AVERAGE LIVE WT               273.75            *      274.71
AVERAGE CARCASS WT            198.26            *      198.26
AVERAGE SORT LOSS              -1.76            *       -1.76
AVERAGE BACKFAT                 0.65            *        0.65
AVG LOIN DEPTH (LD)             2.16            *        2.16
LEA (LD Converted)              6.48            *        6.48
AVERAGE LEAN PERCENT           53.85            *       53.85
(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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