LM_HG202 Des Moines, Iowa Fri, May 10, 2019 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Friday, May 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 7,505 6,141 3,939 4,349 Other Market Formula (Futures/Options) 23,291 18,553 23,486 18,029 Swine or Pork Market Formula 91,368 81,665 86,529 92,591 Other Purchase Arrangement 49,778 41,810 62,287 67,720 Negotiated Formula 968 968 1,697 1,549 Packer Sold (all purchase types) 16,487 16,487 14,797 3,254 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,140 Compared to Prior Day's closing weighted average (LM_HG200), 0.05 lower Base Price Rng $75.00 - $83.00, Wtd Avg $80.47, 5 Day Rolling Avg $79.55 -------------------------------------------------------------------------------- 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): 8,140 *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 78.00 82.94 79.50 84.57 80.50 86.20 81.00 87.83 81.00 90.01 0.5 75.00 82.94 78.00 84.57 80.50 86.20 81.00 87.83 81.00 90.01 0.6 75.00 81.39 78.00 83.02 79.50 84.65 80.50 86.28 81.00 88.45 0.7 75.00 79.83 75.00 81.47 78.00 83.10 80.50 84.73 81.00 86.90 0.8 74.00 78.50 75.00 79.91 78.00 81.54 79.50 83.17 81.00 85.35 0.9 74.00 78.00 75.00 78.50 75.00 79.99 78.00 81.62 80.50 83.80 1.0 72.00 76.00 74.00 78.00 75.00 79.00 78.00 80.07 79.50 82.24 1.1 71.00 74.00 74.00 76.00 75.00 78.50 75.00 79.50 79.50 80.50 1.2 70.90 71.00 72.00 74.00 74.00 78.00 75.00 79.00 77.97 80.00 1.4 60.81 67.50 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 0.00 205# -6.21 2.00 155# -27.75 0.00 185# -1.00 2.00 215# -6.21 2.00 165# -15.00 0.00 195# -1.55 2.00 225# -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 $80.50 - $84.73 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 92,004 Base Price Range $74.05 - $86.27, Weighted Average $81.51 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 790 Compared to Prior Day's closing weighted average (LM_HG200), 0.20 lower Price Rng $57.50 - $63.50, Wtd Avg $61.32, 5 Day Rolling Avg $61.74 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 839 *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): 1,629 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 439 Delaware 52 Georgia 180 Iowa 60,477 Illinois 13,502 Indiana 3,468 Kansas 2,222 Kentucky 525 Michigan 3,600 Minnesota 34,860 Missouri 2,750 Montana 217 North Carolina 12,129 North Dakota 417 Nebraska 12,926 Ohio 7,887 Oklahoma 2,662 Pennsylvania 2,027 South Carolina 180 South Dakota 4,979 Wisconsin 155 -------------------------------------------------------------------------------- *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 .