LM_HG200 Des Moines, Iowa Thu, Apr 25, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, April 24, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 8,990 7,286 9,889 Other Market Formula (Futures/Options) 139,498 58,152 34,399 Swine or Pork Market Formula 122,933 121,386 130,094 Other Purchase Arrangement 73,616 72,339 80,531 Negotiated Formula 876 567 1,482 Packer Sold (all purchase types) 21,001 16,596 7,242 -------------------------------------------------------------------------------- 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 7,477 137,621 115,852 70,231 165 331,346 Base Price 80.04 89.84 81.53 81.70 * 84.94 Packer Sold Head Count 20,605 Base Price 84.21 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,092 Compared to the prior day, on a plant by plant basis, weighted average base prices were 4.85 lower to 1.24 higher, mostly steady. Moderate market activity and demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.17 higher Base Price Rng $73.00 - $83.50, Wtd Avg $80.74, 5 Day Rolling Avg $79.90 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 165 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 11,257 *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 76.00 84.86 77.50 86.53 78.50 88.20 79.50 89.87 80.00 92.09 0.5 73.00 84.86 76.00 86.53 78.50 88.20 79.00 89.87 80.00 92.09 0.6 73.00 83.27 76.00 84.94 77.50 86.61 78.50 88.28 79.50 90.50 0.7 73.00 81.68 73.00 83.35 76.00 85.02 78.50 86.69 79.00 88.92 0.8 72.00 80.75 73.00 81.76 76.00 83.43 77.50 85.10 79.00 87.33 0.9 72.00 79.00 73.00 80.75 73.00 81.84 76.00 83.51 78.50 85.74 1.0 70.00 77.50 72.00 79.00 73.00 80.75 76.00 82.00 77.50 84.15 1.1 69.00 75.00 72.00 78.00 73.00 79.00 73.00 80.75 77.50 83.50 1.2 69.00 75.00 70.00 76.00 72.00 78.00 73.00 79.00 76.00 82.00 1.4 62.22 71.50 63.89 75.00 65.55 76.00 67.22 78.00 69.45 79.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.95 175# -1.75 1.00 205# -6.36 3.00 155# -30.00 0.00 185# -0.25 2.00 215# -6.36 3.00 165# -15.00 0.00 195# -1.59 3.00 225# -6.36 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 205.10 lb carcass, 0.63 inch back-fat, 7.51 square inch loin/2.50 inch loin depth, FFLI: 53.47% Price Range $78.50 - $88.28 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 128,779 Base Price Range $76.25 - $86.89, Weighted Average $81.89 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 850 Compared to Prior Day's closing weighted average (LM_HG200), 0.19 higher Price Rng $55.93 - $64.50, Wtd Avg $62.54, 5 Day Rolling Avg $60.36 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 711 *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): 1,561 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 376 Georgia 196 Iowa 112,567 Illinois 19,279 Indiana 16,158 Kansas 2,204 Kentucky 482 Michigan 10,577 Minnesota 53,382 Missouri 2,927 Montana 622 North Carolina 15,990 North Dakota 203 Nebraska 15,617 New York 178 Ohio 12,403 Oklahoma 2,243 Pennsylvania 3,943 South Carolina 360 South Dakota 13,592 Tennessee 82,348 Utah 343 Wisconsin 924 -------------------------------------------------------------------------------- *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 .