National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Fri, Apr 12, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, April 12, 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                                5,461      5,461      8,027     10,227
Other Market Formula (Futures/Options)   80,003     80,003     67,844     43,914
Swine or Pork Market Formula            109,827    109,827    125,078    147,251
Other Purchase Arrangement               86,611     86,611     68,221     92,452
Negotiated Formula                        1,398      1,398      1,294      1,188
Packer Sold (all purchase types)         15,999     15,999      7,736      7,202
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,540

Compared to Prior Day's closing weighted average (LM_HG200),  1.81 higher

Base Price Rng $67.00 - $78.50, Wtd Avg $76.37, 5 Day Rolling Avg $75.60
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 490

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

Barrows & Gilts (carcass basis): 8,030

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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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   70.00  81.41   71.50  83.01   72.50  84.62   73.50  86.22   74.00  88.35
0.5   67.00  81.41   70.00  83.01   72.50  84.62   73.00  86.22   74.00  88.35
0.6   67.00  79.89   70.00  81.49   71.50  83.09   72.50  84.69   73.50  86.83
0.7   67.00  78.36   67.00  79.97   70.00  81.57   72.50  83.17   73.00  85.30
0.8   66.00  76.84   67.00  78.44   70.00  80.04   71.50  81.64   73.00  83.78
0.9   66.00  75.32   67.00  76.92   67.00  78.52   70.00  80.12   72.50  82.25
1.0   64.00  73.79   66.00  75.39   67.00  76.99   70.00  78.59   71.50  80.73
1.1   63.00  71.88   66.00  73.50   67.00  75.09   67.00  76.75   71.50  78.82
1.2   63.00  71.00   64.00  71.20   66.00  73.50   67.00  75.00   70.00  77.50
1.4   59.50  65.00   61.29  71.00   62.89  71.00   64.49  73.50   66.63  75.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -7.62          175#   -4.00  1.00          205#   -6.10  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -6.10  3.00
    165#   -15.00  0.00          195#   -1.52  3.00          225#   -6.10  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.65 lb carcass, 0.65 inch back-fat,
7.21 square inch loin/2.40 inch loin depth, FFLI: 53.02%

Price Range $72.50 - $83.17
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 118,240

Base Price Range $71.69 - $81.91, Weighted Average $77.01
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 824

Compared to Prior Day's closing weighted average (LM_HG200), 1.09 lower

Price Rng $50.75 - $60.25, Wtd Avg $57.08, 5 Day Rolling Avg $58.72
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 743

*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): 1,567

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

Canada                  360               Georgia                  160
Iowa                112,494               Illinois              19,059
Indiana              27,027               Kansas                 3,556
Kentucky              1,021               Michigan               7,673
Minnesota            51,685               Missouri               3,601
Montana                 217               North Carolina        14,497
Nebraska             15,081               New York                 309
Ohio                 32,415               Oklahoma               2,898
Pennsylvania          3,977               South Carolina           180
South Dakota          1,071               Tennessee              1,612
Utah                    108               Wisconsin                298
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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
           www.ams.usda.gov/market-news/livestock-poultry-grain

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