LM_HG200 Des Moines, Iowa Wed, May 08, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 7, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 12,621 7,629 11,592 Other Market Formula (Futures/Options) 35,936 35,679 32,229 Swine or Pork Market Formula 113,257 121,584 133,631 Other Purchase Arrangement 69,358 69,337 89,492 Negotiated Formula 548 1,477 1,488 Packer Sold (all purchase types) 22,894 20,680 11,979 -------------------------------------------------------------------------------- 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 10,960 34,601 104,354 65,735 340 215,990 Base Price 78.94 83.10 80.11 79.70 * 80.28 Packer Sold Head Count 21,641 Base Price 83.12 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 15,035 Compared to the prior day, on a plant by plant basis, weighted average base prices were 1.64 lower to 0.02 higher, mostly steady to 0.75 lower. Active market activity with moderate to good demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.07 lower Base Price Rng $74.00 - $81.50, Wtd Avg $79.27, 5 Day Rolling Avg $79.48 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 340 *Price not reported due to confidentiality* 5 Day Rolling Avg $80.90 --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 15,375 *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 77.00 82.94 78.50 84.57 79.50 86.20 80.50 87.83 81.00 90.01 0.5 74.00 82.94 77.00 84.57 79.50 86.20 80.00 87.83 81.00 90.01 0.6 74.00 81.39 77.00 83.02 78.50 84.65 79.50 86.28 80.50 88.45 0.7 74.00 80.00 74.00 81.47 77.00 83.10 79.50 84.73 80.00 86.90 0.8 73.00 79.25 74.00 80.00 77.00 81.54 78.50 83.17 80.00 85.35 0.9 73.00 77.50 74.00 79.25 74.00 80.00 77.00 81.62 78.50 83.80 1.0 71.00 76.00 73.00 77.50 74.00 79.25 77.00 80.07 78.50 82.24 1.1 70.00 74.00 73.00 76.00 74.00 77.50 74.00 79.25 77.50 80.75 1.2 70.00 73.50 71.00 73.50 73.00 76.00 73.50 77.50 75.50 80.00 1.4 60.81 67.50 62.44 73.50 64.07 73.50 65.70 73.50 67.87 77.50 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.77 175# -3.00 1.00 205# -6.21 3.00 155# -30.00 0.00 185# -0.25 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, 7.05 square inch loin/2.35 inch loin depth, FFLI: 52.60% Price Range $79.50 - $84.73 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 117,532 Base Price Range $71.18 - $86.59, Weighted Average $80.59 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,172 Compared to Prior Day's closing weighted average (LM_HG200), 1.00 higher Price Rng $58.50 - $63.50, Wtd Avg $61.80, 5 Day Rolling Avg $62.07 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 208 *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): 1,380 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN California 248 Canada 163 Georgia 180 Iowa 90,685 Illinois 18,095 Indiana 22,751 Kansas 1,705 Kentucky 510 Maryland 100 Michigan 8,235 Minnesota 47,663 Missouri 2,751 Montana 766 North Carolina 14,358 North Dakota 180 Nebraska 18,052 New Mexico 115 New York 169 Ohio 14,215 Oklahoma 2,311 Pennsylvania 2,892 South Carolina 360 South Dakota 7,554 Utah 1,097 Virginia 110 Wisconsin 337 -------------------------------------------------------------------------------- *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 .