LM_HG200 Des Moines, Iowa Thu, May 02, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 1, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 9,580 8,990 9,432 Other Market Formula (Futures/Options) 35,192 139,498 26,186 Swine or Pork Market Formula 127,171 122,933 134,757 Other Purchase Arrangement 66,841 73,616 76,765 Negotiated Formula 1,585 876 1,861 Packer Sold (all purchase types) 23,598 21,001 9,292 -------------------------------------------------------------------------------- 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 7,815 33,173 119,028 63,144 642 223,802 Base Price 80.09 84.76 80.16 80.11 80.97 80.83 Packer Sold Head Count 23,103 Base Price 84.15 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,805 Compared to the prior day, on a plant by plant basis, weighted average base prices were 1.00 lower to 2.00 higher, mostly steay to 0.25 lower. Moderate market activity and demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.03 higher Base Price Rng $72.00 - $83.00, Wtd Avg $80.48, 5 Day Rolling Avg $80.29 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 642 Compared to Prior Day's closing weighted average (LM_HG200), no comparison Base Price Rng $79.54 - $83.57, Wtd Avg $80.97, 5 Day Rolling Avg $80.97 --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 12,447 Compared to Prior Day's closing weighted average (LM_HG200), no comparison Base Price Rng $72.00 - $83.57, Wtd Avg $80.50, 5 Day Rolling Avg $80.50 --------------------------------------------------------------------------------- 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 84.00 76.50 85.50 77.50 86.97 78.50 88.61 79.00 90.81 0.5 72.00 83.68 75.00 85.32 77.50 86.97 78.00 88.61 79.00 90.81 0.6 72.00 82.50 75.00 83.76 76.50 85.40 77.50 87.05 78.50 89.24 0.7 72.00 81.50 72.00 82.50 75.00 84.00 77.50 85.48 78.00 87.67 0.8 71.00 80.75 72.00 81.50 75.00 82.50 76.50 84.00 78.00 86.11 0.9 71.00 79.00 72.00 80.75 72.00 81.50 75.00 83.00 77.50 84.54 1.0 69.00 77.50 71.00 79.00 72.00 80.75 75.00 81.50 76.50 83.00 1.1 68.00 75.00 71.00 77.50 72.00 79.00 72.00 80.75 76.50 82.50 1.2 68.00 75.00 69.00 75.00 71.00 78.00 72.00 79.00 75.00 81.50 1.4 61.35 70.50 62.99 75.00 64.64 75.00 66.28 78.00 68.48 79.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -7.84 175# -4.00 0.00 205# -6.27 2.00 155# -27.75 0.00 185# -1.00 2.00 215# -6.27 2.00 165# -15.00 0.00 195# -1.57 2.00 225# -6.27 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.10 lb carcass, 0.70 inch back-fat, 7.08 square inch loin/2.36 inch loin depth, FFLI: 52.14% Price Range $77.50 - $85.48 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 132,143 Base Price Range $71.31 - $86.96, Weighted Average $80.64 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,457 Compared to Prior Day's closing weighted average (LM_HG200), 0.97 higher Price Rng $57.75 - $64.50, Wtd Avg $62.56, 5 Day Rolling Avg $61.95 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 943 *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): 2,400 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 326 Georgia 250 Iowa 106,230 Illinois 22,532 Indiana 16,692 Kansas 2,537 Kentucky 335 Michigan 9,021 Minnesota 42,764 Missouri 2,950 Montana 694 North Carolina 15,082 Nebraska 14,362 New York 170 Ohio 13,851 Oklahoma 2,362 Pennsylvania 3,661 South Carolina 360 South Dakota 8,832 Utah 478 Wisconsin 478 -------------------------------------------------------------------------------- *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 .