LM_HG200 Des Moines, Iowa Wed, Apr 10, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, April 9, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 11,613 6,452 14,679 Other Market Formula (Futures/Options) 42,993 47,084 29,634 Swine or Pork Market Formula 129,129 124,478 139,117 Other Purchase Arrangement 69,950 71,909 83,573 Negotiated Formula 1,218 1,382 1,265 Packer Sold (all purchase types) 18,580 16,926 9,781 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER NEGOTIATED TOTALS/ MARKET OR PORK PURCHASE FORMULA WTD AVG FORMULA MARKET ARRGMENT (FUT/OPT)** FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 9,517 41,599 122,559 65,079 325 239,079 Base Price 74.36 76.95 77.02 77.25 * 76.86 Packer Sold Head Count 17,559 Base Price 79.45 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 12,947 Compared to the prior day, on a plant by plant basis, weighted average base prices were 1.76 lower to 3.13 higher, the market trend is not well established. Moderate market activity and demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.18 lower Base Price Rng $67.00 - $78.00, Wtd Avg $75.21, 5 Day Rolling Avg $75.58 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 325 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 13,272 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- 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 80.52 71.50 82.10 72.50 83.68 73.50 85.27 74.00 87.38 0.5 67.00 80.52 70.00 82.10 72.50 83.68 73.00 85.27 74.00 87.38 0.6 67.00 79.01 70.00 80.59 71.50 82.18 72.50 83.76 73.50 85.87 0.7 67.00 77.50 67.00 79.08 70.00 80.67 72.50 82.25 73.00 84.36 0.8 66.00 75.99 67.00 77.58 70.00 79.16 71.50 80.74 73.00 82.85 0.9 66.00 74.49 67.00 76.07 67.00 77.65 70.00 79.23 72.50 81.35 1.0 64.00 73.00 66.00 74.56 67.00 76.14 70.00 78.00 71.50 79.84 1.1 63.00 71.09 66.00 74.00 67.00 75.00 67.00 75.84 71.50 79.50 1.2 63.00 71.00 64.00 72.00 66.00 74.00 67.00 75.00 70.00 78.00 1.4 59.03 67.50 60.61 71.00 62.20 72.00 63.78 74.00 65.89 75.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -7.54 175# -4.00 1.00 205# -6.03 3.00 155# -30.00 0.00 185# -1.00 2.00 215# -6.03 3.00 165# -15.00 0.00 195# -1.51 3.00 225# -6.03 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.90 lb carcass, 0.64 inch back-fat, 7.14 square inch loin/2.38 inch loin depth, FFLI: 53.12% Price Range $72.50 - $83.76 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 134,840 Base Price Range $70.69 - $82.18, Weighted Average $77.29 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,696 Compared to Prior Day's closing weighted average (LM_HG200), 1.25 higher Price Rng $54.00 - $61.00, Wtd Avg $58.94, 5 Day Rolling Avg $58.21 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,059 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED AND NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 2,755 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Arkansas 1 California 315 Canada 154 Colorado 184 Georgia 180 Iowa 104,645 Illinois 17,372 Indiana 19,988 Kansas 3,014 Kentucky 2,491 Maryland 162 Michigan 12,580 Minnesota 45,207 Missouri 4,001 Montana 546 North Carolina 15,420 North Dakota 180 Nebraska 15,714 New York 168 Ohio 12,804 Oklahoma 2,755 Pennsylvania 3,931 South Dakota 10,472 Tennessee 1,303 Texas 100 Utah 754 Wisconsin 692 -------------------------------------------------------------------------------- *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. ** Futures/Options 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 0800C .