LM_HG200 Des Moines, Iowa Fri, Apr 12, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, April 11, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,960 6,507 10,487 Other Market Formula (Futures/Options) 61,686 57,897 36,086 Swine or Pork Market Formula 128,615 124,629 139,955 Other Purchase Arrangement 65,179 64,030 73,613 Negotiated Formula 1,743 1,196 1,205 Packer Sold (all purchase types) 13,455 9,569 7,208 -------------------------------------------------------------------------------- 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 4,146 60,582 123,775 62,371 485 251,359 Base Price 74.52 81.30 76.96 77.80 * 78.03 Packer Sold Head Count 13,421 Base Price 79.82 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,336 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.65 lower to 1.67 higher, the market trend is not well established. Slow market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.64 lower Base Price Rng $67.00 - $77.00, Wtd Avg $74.56, 5 Day Rolling Avg $75.50 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 485 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 4,821 *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 74.50 67.00 76.07 67.00 77.65 70.00 79.23 72.50 81.35 1.0 64.00 72.98 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 76.00 71.50 79.50 1.2 63.00 71.00 64.00 72.00 66.00 74.50 67.00 75.50 70.00 78.00 1.4 59.03 67.50 60.61 71.00 62.20 72.00 63.78 74.50 65.89 75.50 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -7.54 175# -4.00 0.00 205# -6.03 0.00 155# -27.75 0.00 185# -1.00 0.00 215# -6.03 0.00 165# -15.00 0.00 195# -1.51 0.00 225# -6.03 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 200.60 lb carcass, 0.65 inch back-fat, 7.14 square inch loin/2.38 inch loin depth, FFLI: 52.98% Price Range $72.50 - $82.25 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 134,816 Base Price Range $71.69 - $81.91, Weighted Average $77.22 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,231 Compared to Prior Day's closing weighted average (LM_HG200), 0.89 lower Price Rng $50.75 - $62.00, Wtd Avg $58.17, 5 Day Rolling Avg $58.76 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,229 *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): 2,460 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 278 Iowa 111,828 Illinois 20,244 Indiana 27,392 Kansas 4,426 Kentucky 1,455 Michigan 9,016 Minnesota 37,939 Missouri 3,639 North Carolina 14,497 Nebraska 14,678 New York 309 Ohio 15,816 Oklahoma 2,916 Pennsylvania 4,863 South Carolina 180 South Dakota 1,583 Tennessee 1,366 Virginia 34 Wisconsin 4,179 -------------------------------------------------------------------------------- *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 .