Closing National Hog Market Review

DES MOINES - Feb 4/16 - SNS -- Closing U.S. national hog market conditions and values were released by the USDA this afternoon.

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, February 4, 2016 (As of 1:30 PM)
                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS
                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
  Negotiated                             12,503     10,304      7,134     10,878
  Other Market Formula                   22,402     16,468     37,734     14,930
  Swine or Pork Market Formula          166,506     90,157     83,209     75,903
  Other Purchase Arrangement             39,794     15,445     16,015     26,829
Packer Sold (all purchase types)         17,543      7,576      7,325      8,055
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                   NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 7,917
Compared to the prior day, on a plant by plant basis, weighted average base
prices were 2.00 lower to 2.28 higher, market trend not well established. Slow
market activity with light demand.
Compared to Prior Day's closing weighted average (LM_HG200),  0.46 higher
Base Price Rng $54.00 - $63.00, Wtd Avg $61.12, 5 Day Rolling Avg $60.52
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
                             LOIN AREA/DEPTH (INCHES)
BF      4.0/ 1.4       5.0/ 1.7       6.0/ 2.0       7.0/ 2.3       8.0/ 2.7
0.4   57.00  65.00   58.50  66.50   59.50  66.50   60.50  68.00   61.00  68.59
0.5   54.00  63.50   57.00  65.00   59.50  65.69   60.00  66.93   61.00  68.59
0.6   54.00  63.50   57.00  63.50   58.50  65.00   59.50  65.75   60.50  67.41
0.7   54.00  62.00   54.00  62.08   57.00  63.50   59.50  64.57   60.00  66.22
0.8   53.00  61.00   54.00  62.00   57.00  62.14   58.50  63.38   60.00  65.04
0.9   53.00  59.00   54.00  61.00   54.00  61.00   57.00  62.20   59.50  63.86
1.0   51.00  59.00   53.00  59.00   54.00  59.77   57.00  61.01   58.50  62.67
1.1   50.00  57.00   53.00  57.05   54.00  59.00   54.00  59.54   58.50  61.50
1.2   50.00  55.00   51.00  55.27   53.00  57.00   54.00  57.76   57.00  60.00
1.4   46.34  49.50   47.58  53.00   48.82  54.00   50.07  56.00   51.72  57.00
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                           CARCASS WEIGHT DIFFERENTIALS
    145#   -30.00 -5.92          175#   -3.00  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
5-Day Rolling Average Market Hog: 205.14 lb carcass, 0.69 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.31%
Price Range $59.50 - $64.57
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 91,572
Base Price Range $57.13 - $73.27, Weighted Average $60.81
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                   NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-320 lbs): 1,933
Compared to Prior Day's closing weighted average (LM_HG200), 0.39 lower
Price Rng $44.00 - $48.00, Wtd Avg $46.73, 5 Day Rolling Avg $46.40
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada                1,960               Iowa                  52,740
Illinois              8,946               Indiana               13,217
Kansas                  140               Kentucky               3,127
Michigan              3,281               Minnesota             28,107
Missouri                215               North Carolina         1,806
Nebraska              9,096               New York                 350
Ohio                 11,239               Pennsylvania           2,609
South Carolina          661               South Dakota             889
Tennessee               985               Wisconsin                816
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Source:    USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA

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