Opening USDA Hog Market Comments

DES MOINES - Feb 4/16 - SNS -- The USDA's opening daily national hog market comment.

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, February 4, 2016 (As of 9:30 AM)
                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS
                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
  Negotiated                              9,379      4,967      3,043      4,051
  Other Market Formula                    8,850      2,109     14,902      4,475
  Swine or Pork Market Formula          136,600     40,535     33,729     29,211
  Other Purchase Arrangement             40,619     12,863     13,224     15,219
Packer Sold (all purchase types)          7,002      3,067      2,727      1,980
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                   NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 4,583
Compared to Prior Day's closing weighted average (LM_HG200),  0.62 higher
Base Price Rng $59.18 - $63.00, Wtd Avg $61.28, 5 Day Rolling Avg $60.48
Base Price is the price from which no discounts are
subtracted and no premiums are added.
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               NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
           REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
       based on both Fat and Muscle Measurements for a 200 lb Carcass Basis
*Price not reported due to confidentiality*
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                           CARCASS WEIGHT DIFFERENTIALS
    145#   -30.00 -5.92          175#    0.00  2.25          205#   -4.73  4.50
    155#   -30.00  0.00          185#    0.00  4.00          215#   -4.73  4.25
    165#   -15.00  0.00          195#   -1.18  4.50          225#   -4.73  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 40,240
Base Price Range $57.75 - $73.27, Weighted Average $61.49
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                   NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-320 lbs): 384
Compared to Prior Day's closing weighted average (LM_HG200), 0.54 lower
Price Rng $46.50 - $46.69, Wtd Avg $46.58, 5 Day Rolling Avg $46.32
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada                1,830               Iowa                  24,384
Illinois              1,671               Indiana                3,324
Kentucky              2,113               Michigan                 919
Minnesota            17,930               Missouri                  50
North Carolina          204               Nebraska               1,725
Ohio                  4,677               Pennsylvania             932
South Carolina          156               South Dakota             165
Tennessee               331               Wisconsin                645
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*For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines*
Source:    USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA

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