Western Cornbelt Daily Direct Hogs Afternoon
LM_HG212
Des Moines, Iowa                Fri, Mar 15, 2019               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, March 15, 2019
(Includes information from 1:30 PM to 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                                5,496      5,496      5,356      6,576
Other Market Formula (Futures/Options)   44,458     44,458     29,923     25,690
Swine or Pork Market Formula            111,545    111,545     97,937     98,899
Other Purchase Arrangement               25,374     25,374     41,374     49,065
Negotiated Formula                            0          0          0          0
Packer Sold (all purchase types)          5,620      5,620      5,213      4,726
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,470

Compared to Prior Day's closing weighted average (LM_HG208), 2.54 higher

Base Price Rng $45.00 - $56.25, Wtd Avg $55.57, 5 Day Rolling Avg $51.83
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,470

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          WESTERN CORNBELT 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#    -32.00  -8.10        175#   -4.00  1.00          205#    0.00  3.00
   155#    -30.00  -4.50        185#   -1.00  2.00          215#   -0.25  3.00
   165#    -15.00  -2.70        195#   -0.50  3.00          225#   -2.25  2.00
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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): 116,421

Base Price Range $47.20 - $64.53, Weighted Average $55.15
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 818

Compared to Prior Day's closing weighted average (LM_HG208), no comparision 

Price Rng $39.00 - $42.50, Wtd Avg $40.84, 5 Day Rolling Avg $39.95
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 788

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,606

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                105,779               Kansas                 6,228
Minnesota            74,698               Missouri               3,851
Nebraska              9,979               South Dakota           8,238
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*Price not reported due to confidentiality, for more information visit: 
www.ams.usda.gov/sites/default/files/media/ConfidentialityGuidelines.pdf

*Base Price is the price from which no discounts are subtracted and no premiums
are added.

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