LM_HG200 Des Moines, Iowa Fri, Apr 26, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, April 25, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 8,512 9,402 7,418 Other Market Formula (Futures/Options) 34,372 52,273 33,896 Swine or Pork Market Formula 120,860 124,581 130,147 Other Purchase Arrangement 66,093 62,962 74,060 Negotiated Formula 835 1,076 1,375 Packer Sold (all purchase types) 19,450 17,980 7,256 -------------------------------------------------------------------------------- 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 6,700 33,528 115,585 63,025 165 219,003 Base Price 80.81 87.22 81.29 80.98 * 82.03 Packer Sold Head Count 19,285 Base Price 84.87 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,715 Compared to the prior day, on a plant by plant basis, weighted average base prices were 4.00 lower to 4.30 higher, the market trend is not well established. Slow market activity with light to moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.21 higher Base Price Rng $72.00 - $84.00, Wtd Avg $80.95, 5 Day Rolling Avg $80.67 --------------------------------------------------------------------------------- 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): 7,880 *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 88.00 76.50 89.50 77.50 90.50 78.50 91.00 79.00 92.09 0.5 72.00 87.50 75.00 88.50 77.50 89.50 78.00 90.50 79.00 92.09 0.6 72.00 86.50 75.00 87.50 76.50 88.50 77.50 89.50 78.50 90.50 0.7 72.00 85.50 72.00 86.50 75.00 88.00 77.50 88.50 78.00 90.00 0.8 71.00 84.75 72.00 85.50 75.00 86.50 76.50 88.00 78.00 89.50 0.9 71.00 83.00 72.00 84.75 72.00 85.50 75.00 87.00 77.50 88.00 1.0 69.00 81.50 71.00 83.00 72.00 84.75 75.00 85.50 76.50 87.00 1.1 68.00 79.00 71.00 81.50 72.00 83.00 72.00 84.75 76.50 86.25 1.2 68.00 79.00 69.00 79.00 71.00 81.50 72.00 83.00 75.00 85.50 1.4 62.22 73.00 63.89 79.00 65.55 79.00 67.22 79.00 69.45 83.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.95 175# -3.25 1.00 205# -6.36 3.00 155# -30.00 0.00 185# -1.50 1.50 215# -6.36 3.00 165# -15.00 0.00 195# -1.59 3.00 225# -6.36 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.90 lb carcass, 0.64 inch back-fat, 7.39 square inch loin/2.46 inch loin depth, FFLI: 53.24% Price Range $77.50 - $89.50 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 128,779 Base Price Range $76.16 - $87.29, Weighted Average $81.71 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,420 Compared to Prior Day's closing weighted average (LM_HG200), 1.51 lower Price Rng $54.00 - $64.75, Wtd Avg $61.03, 5 Day Rolling Avg $61.50 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 835 *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): 2,255 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 462 Georgia 360 Iowa 95,046 Illinois 22,170 Indiana 14,710 Kansas 2,245 Kentucky 842 Michigan 8,241 Minnesota 43,731 Missouri 3,580 North Carolina 14,157 North Dakota 370 Nebraska 14,877 Ohio 14,032 Oklahoma 2,504 Pennsylvania 3,579 South Carolina 180 South Dakota 8,521 Wisconsin 515 -------------------------------------------------------------------------------- *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 .