LM_HG200 Des Moines, Iowa Tue, May 07, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Monday, May 6, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 6,859 5,874 7,373 Other Market Formula (Futures/Options) 31,937 198,505 27,948 Swine or Pork Market Formula 116,009 117,774 132,750 Other Purchase Arrangement 85,112 111,114 137,629 Negotiated Formula 1,298 1,884 1,294 Packer Sold (all purchase types) 23,327 17,895 11,439 -------------------------------------------------------------------------------- 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 5,955 30,484 109,286 81,187 660 227,572 Base Price 78.68 82.59 80.09 78.49 * 79.58 Packer Sold Head Count 23,280 Base Price 83.26 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,435 Compared to the prior day, on a plant by plant basis, weighted average base prices were 2.84 lower to 2.37 higher, the market trend is not well established. Moderate market activity and demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.42 higher Base Price Rng $72.00 - $81.50, Wtd Avg $79.34, 5 Day Rolling Avg $79.74 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 660 *Price not reported due to confidentiality* 5 Day Rolling Avg $80.90 --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 12,095 *Price not reported due to confidentiality* 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 82.94 76.50 84.57 77.50 86.20 78.50 87.83 79.00 90.01 0.5 72.00 82.94 75.00 84.57 77.50 86.20 78.00 87.83 79.00 90.01 0.6 72.00 81.39 75.00 83.02 76.50 84.65 77.50 86.28 78.50 88.45 0.7 72.00 80.00 72.00 81.47 75.00 83.10 77.50 84.73 78.00 86.90 0.8 71.00 79.25 72.00 80.00 75.00 81.54 76.00 83.17 77.50 85.35 0.9 71.00 78.00 72.00 79.25 72.00 80.00 75.00 81.62 76.00 83.80 1.0 69.00 76.00 71.00 78.00 72.00 79.25 75.00 80.07 76.00 82.24 1.1 68.00 74.00 71.00 76.00 72.00 78.50 72.00 79.50 75.00 80.75 1.2 68.00 73.50 69.00 74.00 71.00 78.00 71.00 79.00 73.00 80.00 1.4 60.81 68.50 62.44 73.50 64.07 74.00 65.70 78.00 67.87 79.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -7.77 175# -4.00 1.00 205# -6.21 3.00 155# -30.00 0.00 185# -1.00 2.00 215# -6.21 3.00 165# -15.00 0.00 195# -1.55 3.00 225# -6.21 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.90 lb carcass, 0.67 inch back-fat, 7.02 square inch loin/2.34 inch loin depth, FFLI: 52.58% Price Range $77.50 - $84.73 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 122,623 Base Price Range $70.88 - $86.94, Weighted Average $80.60 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 289 Compared to Prior Day's closing weighted average (LM_HG200), 2.00 lower Price Rng $58.25 - $62.00, Wtd Avg $60.80, 5 Day Rolling Avg $62.03 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 638 *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): 927 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 97,694 Illinois 20,247 Indiana 22,236 Kansas 3,225 Kentucky 360 Michigan 7,893 Minnesota 47,690 Missouri 4,744 Montana 730 North Carolina 15,073 Nebraska 17,046 Ohio 13,465 Oklahoma 2,051 Pennsylvania 3,446 South Carolina 360 South Dakota 7,857 Wisconsin 425 -------------------------------------------------------------------------------- *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 .