Hogs
Cash by purchase type, the week, what is scheduled, and basis. USDA national direct slaughter hogs, carcass basis, $/cwt. · latest slaughter day Thu, Oct 8
National net priceslaughtered Thu, Oct 8
$78.41/cwt
-1.13 vs prior day · -2.63 vs a week ago
Base $76.99 · 227,321 head · 216 lb carcass
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Cash this weekThu, Oct 8
Packers took $1.97 out of the hog market this week, $80.38 Monday to $78.41 Thursday, with 2% of the day's hogs sold negotiated. Packers have 1,755,528 head booked for the next five weekdays, 5% more than a week ago.
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Cash by purchase typeslaughtered Thu, Oct 8
| Purchase type | Head | Share | Net | vs wk ago | Base | Carcass lb |
|---|---|---|---|---|---|---|
| Negotiated | 4,886 | 2.1% | $76.59 | -2.00 | $77.44 | 221 |
| Swine or pork market formula | 124,650 | 54.8% | $77.21 | -2.77 | $76.11 | 218 |
| Other market formula | 23,340 | 10.3% | $79.16 | -1.95 | $76.47 | 216 |
| Other purchase arrangement | 74,280 | 32.7% | $80.68 | -2.36 | $79.09 | 219 |
| Negotiated formula | 165 | 0.1% | – | – | – | – |
| All purchase types | 227,321 | $78.53 | -2.57 | $77.13 | 218 |
Barrows and gilts, prior day slaughtered, national. Net is the price after premiums and discounts; base is before them. Negotiated is the only price discovered on the day; the formula types settle off it or off the cutout. Share is each type's part of the day's head. USDA withholds a type's price when too few packers bought that way.
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This week927,642 head so far
| Day | Net | Base | Head | Negotiated | Neg. net |
|---|---|---|---|---|---|
| Mon, Oct 5 | $80.38 | $78.74 | 224,709 | 1.9% | $78.41 |
| Tue, Oct 6 | $80.16 | $78.71 | 239,441 | 1.7% | $77.28 |
| Wed, Oct 7 | $79.54 | $77.91 | 236,171 | 1.5% | $77.25 |
| Thu, Oct 8 | $78.41 | $76.99 | 227,321 | 2.1% | $76.59 |
927,642 head priced so far against 919,476 over the same days last week.
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Basisweek of Mon, Oct 5
+4.57
cash minus Oct 26 lean hogs, $/cwt carcass, inside its usual band for this week
To Dec 26: +11.80 (futures $67.82)
Usual for this week over five years: 0.83 to 9.20, middle 1.90.
| Week | Cash | Oct 26 futures | Basis |
|---|---|---|---|
| Mon, Oct 5 | $79.62 | $75.05 | +4.57 |
| Mon, Sep 28 | $81.43 | $77.88 | +3.55 |
| Mon, Sep 21 | $82.77 | $78.22 | +4.54 |
| Mon, Sep 14 | $84.95 | $78.10 | +6.85 |
| Mon, Sep 7 | $87.83 | $81.53 | +6.30 |
| Mon, Aug 31 | $90.10 | $82.30 | +7.80 |
| Mon, Aug 24 | $91.06 | $81.90 | +9.16 |
| Mon, Aug 17 | $92.77 | $80.88 | +11.89 |
| Mon, Aug 10 | $95.81 | $81.75 | +14.06 |
| Mon, Aug 3 | $96.60 | $82.22 | +14.37 |
| Mon, Jul 27 | $98.25 | $84.85 | +13.40 |
| Mon, Jul 20 | $97.79 | $89.03 | +8.77 |
Weekly average national net price, carcass basis, minus the CME lean hog close for the same week, to the Oct 26 contract. Both are carcass dollars per hundredweight. The usual range is built on the continuous nearby series, the only one with five years of history; it carries a small jump at each roll.
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Scheduled, next 14 dayspublished with Thu, Oct 8
1,755,528
head booked for the next five weekdays
+5.4% vs a week ago · -6.5% vs a year ago
| Delivery | Head |
|---|---|
| Fri, Oct 9 | 432,001 |
| Sat, Oct 10 | 150,355 |
| Sun, Oct 11 | 38,126 |
| Mon, Oct 12 | 337,205 |
| Tue, Oct 13 | 330,478 |
| Wed, Oct 14 | 328,035 |
| Thu, Oct 15 | 327,809 |
| Days 8 to 14 | Head |
|---|---|
| Fri, Oct 16 | 304,733 |
| Sat, Oct 17 | 105,800 |
| Sun, Oct 18 | 16,430 |
| Mon, Oct 19 | 81,938 |
| Tue, Oct 20 | 92,349 |
| Wed, Oct 21 | 85,178 |
| Thu, Oct 22 | 87,323 |
Hogs packers report as scheduled for delivery, by day. The far days fill in as they approach, so the comparison is the report a week earlier, same weekday, next five weekdays. Red means more hogs coming.
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