National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Mon, Feb 11, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Monday, February 11, 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                                7,894      7,894      6,934     11,016
Other Market Formula (Futures/Options)   58,761     58,761     80,308     36,090
Swine or Pork Market Formula            183,886    183,886    220,418    156,098
Other Purchase Arrangement              197,272    197,272    216,643    154,216
Negotiated Formula                        1,218      1,218      3,735      1,474
Packer Sold (all purchase types)         11,147     11,147     11,095     14,576
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,523

Compared to Prior Day's closing weighted average (LM_HG200),  0.50 lower

Base Price Rng $45.00 - $49.50, Wtd Avg $48.88, 5 Day Rolling Avg $49.56
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,523

*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   48.00  52.81   49.50  54.00   50.50  55.00   51.50  56.00   52.00  57.31
0.5   45.00  52.81   48.00  53.85   50.50  55.00   51.00  55.93   52.00  57.31
0.6   45.00  51.82   48.00  52.86   49.50  54.00   50.50  55.00   51.50  56.32
0.7   45.00  50.83   45.00  51.87   48.00  52.91   50.50  55.00   51.00  55.50
0.8   44.00  49.85   45.00  50.88   48.00  52.50   49.00  54.00   50.50  55.50
0.9   44.00  48.86   45.00  49.90   45.00  50.93   48.00  52.50   49.00  55.00
1.0   42.00  47.87   44.00  48.91   45.00  49.94   48.00  52.50   49.00  54.00
1.1   41.00  46.63   44.00  48.50   45.00  49.50   45.00  49.75   48.00  54.00
1.2   41.00  45.50   42.00  46.50   44.00  48.50   44.00  49.50   46.00  52.50
1.4   36.00  42.00   39.00  45.50   39.00  46.50   41.83  48.50   42.00  49.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -4.95          175#   -3.00  1.00          205#   -3.96  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -3.96  3.00
    165#   -15.00  0.00          195#   -0.99  3.00          225#   -3.96  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.39 lb carcass, 0.63 inch back-fat,
7.30 square inch loin/2.43 inch loin depth, FFLI: 53.36%

Price Range $50.50 - $55.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 184,857

Base Price Range $47.06 - $62.11, Weighted Average $54.01
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 932

Compared to Prior Day's closing weighted average (LM_HG200), 0.33 lower

Price Rng $36.00 - $39.60, Wtd Avg $38.54, 5 Day Rolling Avg $39.06
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,217

*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): 2,149

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

Canada                1,310               Iowa                 250,246
Illinois             32,126               Indiana               20,217
Kansas                4,710               Kentucky               2,005
Maryland                170               Michigan               6,301
Minnesota            72,141               Missouri               4,690
Montana                 857               North Carolina         5,304
North Dakota            555               Nebraska              19,133
Ohio                 14,856               Oklahoma               2,889
Pennsylvania          2,934               South Dakota          16,204
Tennessee             2,582               Wisconsin                948
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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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