LM_HG200 Des Moines, Iowa Mon, Apr 29, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Friday, April 26, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,561 5,745 6,707 Other Market Formula (Futures/Options) 56,187 47,240 33,987 Swine or Pork Market Formula 149,872 116,200 144,804 Other Purchase Arrangement 116,799 60,619 94,886 Negotiated Formula 1,181 1,564 1,994 Packer Sold (all purchase types) 19,199 16,270 11,512 -------------------------------------------------------------------------------- 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 4,026 54,746 143,092 110,801 660 313,325 Base Price 79.18 86.23 81.13 80.92 * 81.75 Packer Sold Head Count 18,433 Base Price 84.30 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,416 Compared to the prior day, on a plant by plant basis, weighted average base prices were 4.00 lower to 0.11 higher, the market trend is not well established. Slow market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.70 lower Base Price Rng $72.00 - $84.00, Wtd Avg $79.25, 5 Day Rolling Avg $80.44 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 660 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 6,076 *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 84.86 76.50 86.53 77.50 88.20 78.50 89.87 79.00 92.09 0.5 72.00 84.86 75.00 86.53 77.50 88.20 78.00 89.87 79.00 92.09 0.6 72.00 83.27 75.00 84.94 76.50 86.61 77.50 88.28 78.50 90.50 0.7 72.00 81.68 72.00 83.35 75.00 85.02 77.50 86.69 78.00 88.92 0.8 71.00 80.75 72.00 81.76 75.00 83.43 76.50 85.10 78.00 87.33 0.9 71.00 79.00 72.00 80.75 72.00 81.84 75.00 83.51 77.50 85.74 1.0 69.00 78.00 71.00 79.00 72.00 80.75 75.00 81.92 76.50 84.15 1.1 68.00 76.00 71.00 77.50 72.00 79.00 72.00 80.75 76.50 82.25 1.2 68.00 75.00 69.00 75.00 71.00 77.50 72.00 79.00 75.00 81.50 1.4 62.22 69.00 63.89 75.00 65.55 75.00 67.22 75.00 69.45 79.00 --------------------------------------------------------------------------------- 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 - $88.28 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 158,507 Base Price Range $72.63 - $87.51, Weighted Average $81.47 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,160 Compared to Prior Day's closing weighted average (LM_HG200), 2.10 higher Price Rng $55.13 - $64.25, Wtd Avg $63.13, 5 Day Rolling Avg $61.97 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 296 *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): 1,456 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 437 Delaware 45 Georgia 680 Iowa 150,227 Illinois 12,295 Indiana 18,276 Kansas 4,773 Kentucky 825 Michigan 6,616 Minnesota 61,244 Missouri 2,577 Mississippi 390 Montana 217 North Carolina 16,885 Nebraska 28,466 Ohio 19,510 Oklahoma 3,197 Pennsylvania 3,444 South Dakota 17,305 Utah 766 Wisconsin 624 -------------------------------------------------------------------------------- *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 .