LM_HG200 Des Moines, Iowa Thu, Apr 18, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, April 17, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 7,286 9,784 15,784 Other Market Formula (Futures/Options) 58,152 44,023 33,327 Swine or Pork Market Formula 121,386 129,036 131,306 Other Purchase Arrangement 72,339 70,992 82,081 Negotiated Formula 567 1,706 1,107 Packer Sold (all purchase types) 16,596 15,436 9,532 -------------------------------------------------------------------------------- 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 5,780 56,448 113,013 68,802 0 244,043 Base Price 76.16 86.12 78.91 80.06 * 80.84 Packer Sold Head Count 16,113 Base Price 81.20 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,430 Compared to the prior day, on a plant by plant basis, weighted average base prices were 2.48 lower to 2.00 higher, mostly 0.25 to 0.75 higher. Slow market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.37 lower Base Price Rng $70.00 - $80.00, Wtd Avg $77.01, 5 Day Rolling Avg $76.54 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 7,430 *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 73.00 82.00 74.50 83.50 75.50 84.80 76.50 86.41 77.00 88.55 0.5 70.00 81.60 73.00 83.20 75.50 84.80 76.00 86.41 77.00 88.55 0.6 70.00 80.50 73.00 81.67 74.50 83.28 75.50 84.88 76.50 87.02 0.7 70.00 79.50 70.00 80.50 73.00 82.00 75.50 83.35 76.00 85.49 0.8 69.00 78.75 70.00 79.50 73.00 80.50 74.50 82.00 76.00 83.96 0.9 69.00 77.00 70.00 78.75 70.00 79.50 73.00 81.00 75.50 82.44 1.0 67.00 75.50 69.00 77.00 70.00 78.75 73.00 79.50 74.50 81.00 1.1 66.00 73.00 69.00 75.50 70.00 77.00 70.00 78.75 74.50 80.50 1.2 66.00 73.00 67.00 73.00 69.00 75.50 70.00 77.00 73.00 79.50 1.4 59.82 68.50 61.43 73.00 63.03 73.00 64.63 75.00 66.77 77.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.64 175# -1.75 1.00 205# -6.11 3.00 155# -30.00 0.00 185# -0.25 1.50 215# -6.11 3.00 165# -15.00 0.00 195# -1.53 3.00 225# -6.11 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 203.50 lb carcass, 0.65 inch back-fat, 7.27 square inch loin/2.42 inch loin depth, FFLI: 53.03% Price Range $75.50 - $83.35 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 125,660 Base Price Range $74.12 - $83.09, Weighted Average $79.14 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 947 Compared to Prior Day's closing weighted average (LM_HG200), 1.18 higher Price Rng $53.78 - $61.75, Wtd Avg $60.11, 5 Day Rolling Avg $58.85 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 735 *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): 1,682 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 450 Iowa 116,055 Illinois 22,201 Indiana 22,182 Kansas 2,156 Kentucky 355 Michigan 8,996 Minnesota 41,279 Missouri 2,947 Montana 645 North Carolina 15,990 Nebraska 16,075 New York 170 Ohio 12,637 Oklahoma 2,395 Pennsylvania 4,618 South Carolina 180 South Dakota 8,330 Utah 315 -------------------------------------------------------------------------------- *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 .