LM_HG202 Des Moines, Iowa Wed, Apr 10, 2019 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, April 10, 2019 (Includes information from 1:30 PM to 9:30 AM.) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 7,539 5,156 3,369 4,449 Other Market Formula (Futures/Options) 34,591 28,500 20,890 14,260 Swine or Pork Market Formula 100,727 90,544 81,045 98,927 Other Purchase Arrangement 60,005 52,204 54,124 66,203 Negotiated Formula 591 591 600 1,372 Packer Sold (all purchase types) 14,712 14,712 15,571 6,450 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,042 Compared to Prior Day's closing weighted average (LM_HG200), 0.29 higher Base Price Rng $67.00 - $78.00, Wtd Avg $75.50, 5 Day Rolling Avg $75.71 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,042 *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 70.00 80.52 71.50 82.10 72.50 83.68 73.50 85.27 74.00 87.38 0.5 67.00 80.52 70.00 82.10 72.50 83.68 73.00 85.27 74.00 87.38 0.6 67.00 79.01 70.00 80.59 71.50 82.18 72.50 83.76 73.50 85.87 0.7 67.00 77.50 67.00 79.08 70.00 80.67 72.50 82.25 73.00 84.36 0.8 66.00 76.75 67.00 77.58 70.00 79.16 71.50 80.74 73.00 82.85 0.9 66.00 75.00 67.00 76.75 67.00 77.65 70.00 79.23 72.50 81.35 1.0 64.00 73.50 66.00 75.00 67.00 76.75 70.00 77.73 71.50 79.84 1.1 63.00 71.09 66.00 73.50 67.00 75.00 67.00 76.75 71.50 78.25 1.2 63.00 71.00 64.00 71.00 66.00 73.50 67.00 75.00 70.00 77.50 1.4 59.03 65.50 60.61 71.00 62.20 71.00 63.78 72.00 65.89 75.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.54 175# -1.75 1.00 205# -6.03 3.00 155# -30.00 0.00 185# -0.25 1.50 215# -6.03 3.00 165# -15.00 0.00 195# -1.51 3.00 225# -6.03 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.86 lb carcass, 0.64 inch back-fat, 7.21 square inch loin/2.40 inch loin depth, FFLI: 53.16% Price Range $72.50 - $83.76 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 96,845 Base Price Range $70.99 - $82.18, Weighted Average $77.92 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 716 Compared to Prior Day's closing weighted average (LM_HG200), 0.40 lower Price Rng $54.75 - $60.25, Wtd Avg $58.54, 5 Day Rolling Avg $58.40 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 591 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,307 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 190 Georgia 180 Iowa 70,184 Illinois 13,800 Indiana 8,171 Kansas 3,014 Kentucky 838 Maryland 162 Michigan 4,827 Minnesota 37,838 Missouri 3,479 Montana 446 North Carolina 15,311 North Dakota 180 Nebraska 13,482 New York 168 Ohio 7,666 Oklahoma 2,673 Pennsylvania 3,397 South Dakota 4,774 Tennessee 490 Wisconsin 437 -------------------------------------------------------------------------------- *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. 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 1100C .