LM_HG200 Des Moines, Iowa Fri, May 03, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, May 2, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 10,551 8,512 6,929 Other Market Formula (Futures/Options) 318,358 34,372 32,949 Swine or Pork Market Formula 116,380 120,860 130,713 Other Purchase Arrangement 61,686 66,093 70,234 Negotiated Formula 1,272 835 1,580 Packer Sold (all purchase types) 17,109 19,450 5,213 -------------------------------------------------------------------------------- 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 7,615 317,675 111,200 58,326 660 495,476 Base Price 78.58 79.94 80.34 79.87 80.84 80.00 Packer Sold Head Count 16,991 Base Price 84.30 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,995 Compared to the prior day, on a plant by plant basis, weighted average base prices were 2.65 lower to 2.00 higher, mostly steay to 0.50 higher with a few 2.50 lower. Slow market activity with light to moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.48 lower Base Price Rng $72.00 - $83.00, Wtd Avg $79.00, 5 Day Rolling Avg $79.89 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 660 Compared to Prior Day's closing weighted average (LM_HG200), 0.13 lower Base Price Rng $79.37 - $83.64, Wtd Avg $80.84, 5 Day Rolling Avg $80.90 --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 9,655 Compared to Prior Day's closing weighted average (LM_HG200), 1.37 lower Base Price Rng $72.00 - $83.64, Wtd Avg $79.13, 5 Day Rolling Avg $79.90 --------------------------------------------------------------------------------- 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 83.68 76.50 85.32 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 82.11 75.00 83.76 76.50 85.40 77.50 87.05 78.50 89.24 0.7 72.00 80.54 72.00 82.19 75.00 83.83 77.50 85.48 78.00 87.67 0.8 71.00 78.98 72.00 80.62 75.00 82.27 76.50 83.91 78.00 86.11 0.9 71.00 77.41 72.00 79.06 72.00 80.70 75.00 82.35 77.50 84.54 1.0 69.00 75.84 71.00 77.49 72.00 79.13 75.00 80.78 76.50 82.97 1.1 68.00 73.88 71.00 76.50 72.00 77.50 72.00 78.82 76.50 82.00 1.2 68.00 73.50 69.00 74.50 71.00 76.50 72.00 77.50 75.00 80.50 1.4 61.35 70.00 62.99 73.50 64.64 74.50 66.28 76.50 68.48 77.50 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.84 175# -1.75 1.00 205# -6.27 3.00 155# -30.00 0.00 185# -0.25 1.50 215# -6.27 3.00 165# -15.00 0.00 195# -1.57 3.00 225# -6.27 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.20 lb carcass, 0.69 inch back-fat, 7.14 square inch loin/2.38 inch loin depth, FFLI: 52.33% Price Range $77.50 - $85.48 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 124,120 Base Price Range $70.95 - $86.79, Weighted Average $80.80 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,941 Compared to Prior Day's closing weighted average (LM_HG200), 0.87 lower Price Rng $54.00 - $64.50, Wtd Avg $61.69, 5 Day Rolling Avg $62.08 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 332 *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): 2,273 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 236 Colorado 167 Georgia 193 Iowa 377,497 Illinois 18,727 Indiana 18,288 Kansas 2,421 Kentucky 907 Michigan 6,898 Minnesota 39,688 Missouri 3,526 North Carolina 14,072 North Dakota 370 Nebraska 15,894 Ohio 14,473 Oklahoma 2,521 Pennsylvania 4,395 South Dakota 5,469 Wisconsin 604 -------------------------------------------------------------------------------- *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 .