National Daily Direct Hog Prior Day - Slaughtered Swine

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5. 10/24/2018

Past Market Reports

Report Date: 10/24/2018

LM_HG201
Des Moines, Iowa               Wed, Oct 24, 2018                USDA Market News

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

Barrows and Gilts (Live and Carcass Basis): 436,611

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

HEAD COUNT                10,276   32,767   136,535  101,820      1,455  282,853
CARCASS BASE PRICE         59.68    53.92     62.59    67.20          *    63.22
AVERAGE NET PRICE          61.27    56.50     65.47    68.69          *    65.49
LOWEST NET LOT             42.78    47.33     51.21    50.10          *    48.38
HIGHEST NET LOT            67.17    77.99     77.46    85.95          *    77.20
AVERAGE LIVE WT           272.70   283.99    281.96   280.16          *   281.18
AVERAGE CARCASS WT        202.74   214.40    211.51   209.29          *   210.71
AVERAGE SORT LOSS          -1.61    -1.71     -1.55    -1.07          *    -1.40
AVERAGE BACKFAT             0.66     0.63      0.64     0.71          *     0.66
AVG LOIN DEPTH (LD)         2.42     2.70      2.69     2.52          *     2.63
LEA (LD Converted)          7.26     8.13      8.08     7.58          *     7.91
AVERAGE LEAN PERCENT       54.26    56.14     56.07    55.40          *    55.82
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Sold:                 TOTALS/WTD AVG
                           All Purchase Types
HEAD COUNT                       11,628
CARCASS BASE PRICE                61.40
AVERAGE NET PRICE                 63.44
AVERAGE OF LOWEST NET LOTS        54.56
AVERAGE OF HIGHEST NET LOTS       70.40
AVERAGE LIVE WT                  271.03
AVERAGE CARCASS WT               205.02
AVERAGE SORT LOSS                 -1.71
AVERAGE BACKFAT                    0.62
AVERAGE LOIN DEPTH (LD)            2.63
LOINEYE AREA (LD Converted)        7.90
AVERAGE LEAN PERCENT              56.23
(Packer Buying Programs)
--------------------------------------------------------------------------------
Packer Owned:                TOTALS/WTD AVG

HEAD COUNT                      142,130
AVERAGE LIVE WT                  279.60
AVERAGE CARCASS WT               212.13
AVERAGE BACKFAT                    0.67
AVERAGE LOIN DEPTH (LD)            2.48
AVERAGE LEAN PERCENT              54.00
--------------------------------------------------------------------------------
                MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
211.00 lbs carcass;  BF 0.66;  LD 2.59;  LEA 7.78;  FFLI  53.40%

                          CARCASS-BASED PURCHASES:
                    Wtd Avg Base             $63.15
                    Wtd Avg Net Price        $65.41
--------------------------------------------------------------------------------
SWINE SCHEDULED FOR DELIVERY TO PACKING PLANTS FOR SLAUGHTER

(Dates based on reporting days)     Head Count
   October 24, 2018                   442,703
   October 25, 2018                   424,449
   October 26, 2018                   392,464
   October 27, 2018                   146,282
   October 28, 2018                    32,473
   October 29, 2018                   204,506
   October 30, 2018                   212,588
   October 31, 2018                   206,454
   November 01, 2018                  189,424
   November 02, 2018                  187,399
   November 03, 2018                   68,229
   November 04, 2018                   14,153
   November 05, 2018                  109,484
   November 06, 2018                  117,261
--------------------------------------------------------------------------------
                          NEGOTIATED   NEGOTIATED    COMBINED
                                          FORMULA
Producer Sold:

HEAD COUNT                    10,276        1,455      11,731
CARCASS BASE PRICE             59.68            *       59.68
AVERAGE NET PRICE              61.27            *       61.27
LOWEST NET LOT                 42.78            *       42.78
HIGHEST NET LOT                67.17            *       67.17
AVERAGE LIVE WT               272.70            *      272.18
AVERAGE CARCASS WT            202.74            *      202.74
AVERAGE SORT LOSS              -1.61            *       -1.61
AVERAGE BACKFAT                 0.66            *        0.66
AVG LOIN DEPTH (LD)             2.42            *        2.42
LEA (LD Converted)              7.26            *        7.26
AVERAGE LEAN PERCENT           54.26            *       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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