LM_HG200 Des Moines, Iowa Fri, May 10, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, May 9, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 6,635 10,551 6,990 Other Market Formula (Futures/Options) 28,335 318,358 34,480 Swine or Pork Market Formula 109,653 116,380 133,744 Other Purchase Arrangement 60,292 61,686 78,442 Negotiated Formula 1,073 1,272 1,735 Packer Sold (all purchase types) 18,708 17,109 6,337 -------------------------------------------------------------------------------- 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 5,065 27,144 105,275 57,245 165 194,894 Base Price 79.83 82.58 80.40 80.60 * 80.68 Packer Sold Head Count 18,582 Base Price 83.73 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,915 Compared to the prior day, on a plant by plant basis, weighted average base prices were 2.73 lower to 1.00 higher, the market trend is not well established. Slow market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.87 higher Base Price Rng $72.00 - $83.00, Wtd Avg $80.52, 5 Day Rolling Avg $79.51 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 165 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 7,080 *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 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 79.83 72.00 81.47 75.00 83.10 77.50 84.73 78.00 86.90 0.8 71.00 78.50 72.00 79.91 75.00 81.54 76.50 83.17 78.00 85.35 0.9 71.00 78.00 72.00 78.50 72.00 79.99 75.00 81.62 77.50 83.80 1.0 69.00 76.00 71.00 78.00 72.00 79.00 75.00 80.07 76.50 82.24 1.1 68.00 74.00 71.00 76.00 72.00 78.50 72.00 79.50 76.50 80.50 1.2 68.00 71.00 69.00 74.00 71.00 78.00 72.00 79.00 75.00 80.00 1.4 60.81 66.00 62.44 71.00 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: 203.20 lb carcass, 0.69 inch back-fat, 7.08 square inch loin/2.36 inch loin depth, FFLI: 52.30% Price Range $77.50 - $84.73 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 118,634 Base Price Range $73.21 - $86.27, Weighted Average $80.87 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,076 Compared to Prior Day's closing weighted average (LM_HG200), 0.04 higher Price Rng $53.25 - $63.25, Wtd Avg $61.52, 5 Day Rolling Avg $61.78 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 757 *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): 1,833 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 275 Delaware 52 Georgia 180 Iowa 83,738 Illinois 16,324 Indiana 15,926 Kansas 2,222 Kentucky 675 Michigan 6,865 Minnesota 40,380 Missouri 2,606 North Carolina 12,129 North Dakota 380 Nebraska 13,741 Ohio 15,433 Oklahoma 2,662 Pennsylvania 3,777 South Carolina 180 South Dakota 6,901 Wisconsin 250 -------------------------------------------------------------------------------- *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 .