National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 10/3/2018

Past Market Reports

Report Date: 10/3/2018

LM_HG201
Des Moines, Iowa               Wed, Oct 03, 2018                USDA Market News

NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Slaughter Data for Tuesday, October 2, 2018

Barrows and Gilts (Live and Carcass Basis): 425,206

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

HEAD COUNT                 7,312   34,251   129,926  101,224             272,713
CARCASS BASE PRICE         62.89    62.58     66.23    68.97               66.76
AVERAGE NET PRICE          65.48    65.46     69.29    70.23               69.06
LOWEST NET LOT             50.89    49.74     41.29    54.54               49.87
HIGHEST NET LOT            71.15    79.43     81.37    89.86               80.10
AVERAGE LIVE WT           262.44   280.16    278.37   280.05              278.79
AVERAGE CARCASS WT        197.59   211.57    208.65   209.14              208.91
AVERAGE SORT LOSS          -1.62    -1.25     -1.40    -1.03               -1.25
AVERAGE BACKFAT             0.64     0.61      0.63     0.71                0.65
AVG LOIN DEPTH (LD)         2.38     2.73      2.67     2.52                2.63
LEA (LD Converted)          7.14     8.20      8.03     7.56                7.90
AVERAGE LEAN PERCENT       55.22    56.30     56.11    55.48               55.94
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                        9,094
CARCASS BASE PRICE                65.48
AVERAGE NET PRICE                 67.09
AVERAGE OF LOWEST NET LOTS        58.07
AVERAGE OF HIGHEST NET LOTS       68.72
AVERAGE LIVE WT                  273.41
AVERAGE CARCASS WT               205.63
AVERAGE SORT LOSS                 -1.52
AVERAGE BACKFAT                    0.65
AVERAGE LOIN DEPTH (LD)            2.64
LOINEYE AREA (LD Converted)        7.95
AVERAGE LEAN PERCENT              55.68
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      143,399
AVERAGE LIVE WT                  277.16
AVERAGE CARCASS WT               210.22
AVERAGE BACKFAT                    0.64
AVERAGE LOIN DEPTH (LD)            2.42
AVERAGE LEAN PERCENT              53.94
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
209.25 lbs carcass;  BF 0.65;  LD 2.57;  LEA 7.71;  FFLI  53.60%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $66.72
                    Wtd Avg Net Price        $68.99
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   October 03, 2018                   441,438
   October 04, 2018                   419,809
   October 05, 2018                   388,104
   October 06, 2018                   147,390
   October 07, 2018                    29,792
   October 08, 2018                   190,693
   October 09, 2018                   202,366
   October 10, 2018                   202,499
   October 11, 2018                   192,364
   October 12, 2018                   188,583
   October 13, 2018                    48,649
   October 14, 2018                    16,915
   October 15, 2018                   122,282
   October 16, 2018                   128,613
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                     7,312                    7,312
CARCASS BASE PRICE             62.89                    62.89
AVERAGE NET PRICE              65.48                    65.48
LOWEST NET LOT                 50.89                    50.89
HIGHEST NET LOT                71.15                    71.15
AVERAGE LIVE WT               262.44                   262.44
AVERAGE CARCASS WT            197.59                   197.59
AVERAGE SORT LOSS              -1.62                    -1.62
AVERAGE BACKFAT                 0.64                     0.64
AVG LOIN DEPTH (LD)             2.38                     2.38
LEA (LD Converted)              7.14                     7.14
AVERAGE LEAN PERCENT           55.22                    55.22
(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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