LM_HG200 Des Moines, Iowa Tue, Apr 30, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Monday, April 29, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,874 7,446 7,754 Other Market Formula (Futures/Options) 198,505 66,352 32,263 Swine or Pork Market Formula 117,774 95,275 128,316 Other Purchase Arrangement 111,114 123,476 118,566 Negotiated Formula 1,884 510 1,280 Packer Sold (all purchase types) 17,895 16,071 9,696 -------------------------------------------------------------------------------- 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 5,145 196,998 110,316 107,390 340 420,189 Base Price 79.63 79.87 80.75 78.24 * 79.62 Packer Sold Head Count 17,895 Base Price 84.03 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,160 Compared to the prior day, on a plant by plant basis, weighted average base prices were 1.45 lower to 1.45 higher, the market trend is not well established. Slow market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.54 higher Base Price Rng $71.00 - $83.25, Wtd Avg $79.79, 5 Day Rolling Avg $80.38 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 340 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 6,500 *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 74.00 84.39 75.50 86.05 76.50 87.71 77.50 89.37 78.00 91.58 0.5 71.00 84.39 74.00 86.05 76.50 87.71 77.00 89.37 78.00 91.58 0.6 71.00 82.81 74.00 84.47 75.50 86.13 76.50 87.79 77.50 90.00 0.7 71.00 81.50 71.00 82.89 74.00 84.55 76.50 86.21 77.00 88.42 0.8 70.00 80.75 71.00 81.50 74.00 82.97 75.50 84.63 77.00 86.84 0.9 70.00 79.00 71.00 80.75 71.00 81.50 74.00 83.05 76.00 85.26 1.0 68.00 77.50 70.00 79.00 71.00 80.75 74.00 81.50 75.50 83.68 1.1 67.00 75.00 70.00 77.50 71.00 79.00 71.00 80.75 75.00 82.25 1.2 67.00 75.00 68.00 75.00 70.00 78.00 71.00 79.00 73.00 81.50 1.4 61.87 69.00 63.53 75.00 65.19 75.00 66.85 78.00 69.00 79.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -7.90 175# -4.00 1.00 205# -6.32 3.00 155# -30.00 0.00 185# -1.00 2.00 215# -6.32 3.00 165# -15.00 0.00 195# -1.58 3.00 225# -6.32 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 202.60 lb carcass, 0.68 inch back-fat, 7.02 square inch loin/2.34 inch loin depth, FFLI: 52.42% Price Range $76.50 - $86.21 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 123,822 Base Price Range $73.23 - $87.07, Weighted Average $81.18 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 657 Compared to Prior Day's closing weighted average (LM_HG200), 2.02 lower Price Rng $53.99 - $64.00, Wtd Avg $61.11, 5 Day Rolling Avg $62.02 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,107 *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): 1,764 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 279,065 Illinois 24,304 Indiana 20,498 Kansas 3,187 Kentucky 586 Michigan 6,241 Minnesota 47,859 Missouri 4,007 Montana 730 North Carolina 14,863 North Dakota 200 Nebraska 17,445 Ohio 19,882 Oklahoma 1,737 Pennsylvania 3,598 South Carolina 540 South Dakota 7,297 Wisconsin 1,007 -------------------------------------------------------------------------------- *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 .