LM_HG200 Des Moines, Iowa Thu, Apr 11, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, April 10, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 9,784 7,863 11,542 Other Market Formula (Futures/Options) 44,023 37,999 28,294 Swine or Pork Market Formula 129,036 131,520 137,064 Other Purchase Arrangement 70,992 72,254 82,739 Negotiated Formula 1,706 765 1,372 Packer Sold (all purchase types) 15,436 15,379 8,584 -------------------------------------------------------------------------------- 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 8,045 41,926 123,033 67,005 330 240,339 Base Price 75.83 77.56 77.10 77.54 * 77.15 Packer Sold Head Count 14,919 Base Price 79.86 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,695 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.45 lower to 2.65 higher, the market trend is not well established. Moderate market activity with light to moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.99 higher Base Price Rng $70.00 - $78.00, Wtd Avg $76.20, 5 Day Rolling Avg $75.77 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 330 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 10,025 *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 75.00 80.52 76.50 82.10 77.50 83.68 78.50 85.27 79.00 87.38 0.5 72.00 80.52 75.00 82.10 77.50 83.68 78.00 85.27 79.00 87.38 0.6 72.00 79.01 75.00 80.59 76.50 82.18 77.50 83.76 78.50 85.87 0.7 72.00 77.50 72.00 79.08 75.00 80.67 77.50 82.25 78.00 84.36 0.8 71.00 76.75 72.00 77.58 75.00 79.16 76.50 80.74 78.00 82.85 0.9 71.00 75.00 72.00 76.75 72.00 77.65 75.00 79.23 77.50 81.35 1.0 69.00 73.50 71.00 75.00 72.00 76.75 75.00 77.73 76.50 79.84 1.1 68.00 71.09 71.00 73.50 72.00 75.00 72.00 76.75 76.25 78.25 1.2 68.00 71.00 69.00 71.00 71.00 73.50 72.00 75.00 75.00 77.50 1.4 59.03 65.00 60.61 71.00 62.20 71.00 63.78 71.00 65.89 75.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.54 175# -1.75 1.00 205# -6.03 3.00 155# -30.00 0.00 185# -0.25 1.50 215# -6.03 3.00 165# -15.00 0.00 195# -1.51 3.00 225# -6.03 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.20 lb carcass, 0.65 inch back-fat, 7.14 square inch loin/2.38 inch loin depth, FFLI: 52.98% Price Range $77.50 - $82.25 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 135,121 Base Price Range $70.99 - $82.11, Weighted Average $77.37 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,559 Compared to Prior Day's closing weighted average (LM_HG200), 0.12 higher Price Rng $54.75 - $60.25, Wtd Avg $59.06, 5 Day Rolling Avg $58.50 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,246 *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): 2,805 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 379 Georgia 19 Iowa 105,885 Illinois 21,373 Indiana 18,220 Kansas 2,268 Kentucky 1,160 Michigan 9,895 Minnesota 45,274 Missouri 3,580 Montana 656 North Carolina 16,173 North Dakota 60 Nebraska 15,233 New York 163 Ohio 14,841 Oklahoma 2,765 Pennsylvania 4,255 South Carolina 180 South Dakota 6,828 Tennessee 1,156 Utah 517 Wisconsin 1,747 -------------------------------------------------------------------------------- *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 .