LM_HG200 Des Moines, Iowa Mon, Apr 15, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Friday, April 12, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,634 7,548 9,725 Other Market Formula (Futures/Options) 96,005 75,320 48,936 Swine or Pork Market Formula 153,239 152,653 157,756 Other Purchase Arrangement 107,990 114,994 165,862 Negotiated Formula 1,398 1,454 1,670 Packer Sold (all purchase types) 12,671 18,949 13,716 -------------------------------------------------------------------------------- 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 3,870 95,665 149,100 104,896 490 354,021 Base Price 74.84 83.66 77.53 77.43 * 79.02 Packer Sold Head Count 11,607 Base Price 77.68 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,300 Compared to the prior day, on a plant by plant basis, weighted average base prices were 3.67 lower to 2.71 higher, the market trend is not well established. Slow market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.69 higher Base Price Rng $67.00 - $78.50, Wtd Avg $76.25, 5 Day Rolling Avg $75.58 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 490 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 7,790 *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 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 --------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.00 lb carcass, 0.66 inch back-fat, 7.17 square inch loin/2.39 inch loin depth, FFLI: 52.84% Price Range $72.50 - $83.17 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 155,982 Base Price Range $72.07 - $82.37, Weighted Average $77.53 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,450 Compared to Prior Day's closing weighted average (LM_HG200), 0.48 higher Price Rng $51.73 - $60.00, Wtd Avg $58.65, 5 Day Rolling Avg $58.56 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 743 *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): 2,193 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 220 Delaware 61 Georgia 160 Iowa 142,349 Illinois 24,131 Indiana 26,595 Kansas 3,083 Kentucky 851 Michigan 8,471 Minnesota 76,449 Missouri 2,917 Montana 404 North Carolina 7,417 North Dakota 170 Nebraska 24,701 New York 170 Ohio 33,861 Oklahoma 2,327 Pennsylvania 3,450 South Carolina 180 South Dakota 15,888 Tennessee 1,612 Utah 1,172 Wisconsin 298 -------------------------------------------------------------------------------- *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 .