LM_HG202 ***Correction to Whole Report*** Des Moines, Iowa Mon, Apr 22, 2019 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Monday, April 22, 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 8,053 5,853 4,613 4,308 Other Market Formula (Futures/Options) 24,671 23,144 45,272 35,841 Swine or Pork Market Formula 71,963 62,893 121,636 127,419 Other Purchase Arrangement 100,813 96,303 135,641 173,732 Negotiated Formula 474 474 878 0 Packer Sold (all purchase types) 11,177 11,177 6,801 9,317 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,170 Compared to Prior Day's closing weighted average (LM_HG200), 2.21 lower Base Price Rng $73.00 - $79.46, Wtd Avg $78.73, 5 Day Rolling Avg $78.22 -------------------------------------------------------------------------------- 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): 5,170 *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 76.00 84.86 77.50 86.53 78.50 88.20 79.50 89.87 80.00 92.09 0.5 73.00 84.86 76.00 86.53 78.50 88.20 79.00 89.87 80.00 92.09 0.6 73.00 83.27 76.00 84.94 77.50 86.61 78.50 88.28 79.50 90.50 0.7 73.00 81.68 73.00 83.35 76.00 85.02 78.50 86.69 79.00 88.92 0.8 72.00 80.10 73.00 81.76 76.00 83.43 77.50 85.10 79.00 87.33 0.9 72.00 78.51 73.00 80.18 73.00 81.84 76.00 83.51 78.50 85.74 1.0 70.00 76.92 72.00 78.59 73.00 80.25 76.00 81.92 77.50 84.15 1.1 69.00 74.93 72.00 76.60 73.00 78.27 73.00 79.94 77.50 82.16 1.2 69.00 73.99 70.00 74.22 72.00 76.49 73.00 77.99 76.00 80.49 1.4 62.22 69.50 63.89 73.99 65.55 74.00 67.22 76.00 69.45 77.99 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -7.95 175# -1.50 0.00 205# -6.36 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -6.36 0.00 165# -5.00 0.00 195# -1.59 0.00 225# -6.36 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.88 lb carcass, 0.64 inch back-fat, 7.42 square inch loin/2.47 inch loin depth, FFLI: 53.26% Price Range $78.50 - $88.28 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 65,613 Base Price Range $75.60 - $86.42, Weighted Average $81.56 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 978 Compared to Prior Day's closing weighted average (LM_HG200), 0.45 higher Price Rng $57.50 - $63.25, Wtd Avg $61.61, 5 Day Rolling Avg $59.31 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 312 *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): 1,290 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Georgia 180 Iowa 118,816 Illinois 9,098 Indiana 10,176 Kansas 806 Kentucky 545 Michigan 4,971 Minnesota 17,720 Missouri 1,946 Montana 863 North Carolina 13,300 North Dakota 175 Nebraska 7,325 Ohio 5,789 Oklahoma 2,108 Pennsylvania 330 South Carolina 180 South Dakota 5,516 -------------------------------------------------------------------------------- *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