LM_HG203 ***REVISED WHERE STARRED*** Des Moines, Iowa Thu, Apr 25, 2019 USDA Market News NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, April 25, 2019 (Includes information from 1:30 PM to 1:30 PM.) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 7,908 7,908 8,937 7,786 Other Market Formula (Futures/Options) 37,319 37,319 41,052 27,186 Swine or Pork Market Formula 115,235 115,235 117,790 127,616 Other Purchase Arrangement 69,905 69,905 66,536 82,020 Negotiated Formula 835 835 1,076 1,755 Packer Sold (all purchase types) 17,451 17,451 20,236 7,600 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): ***7,484 Compared to Prior Day's closing weighted average (LM_HG200), ***0.42 higher Base Price Rng $73.00 - $84.00, Wtd Avg ***$81.16, 5 Day Rolling Avg ***$80.63 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 165 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): ***7,649 *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 88.00 77.50 89.50 78.50 90.50 79.50 91.00 80.00 92.09 0.5 73.00 87.50 76.00 88.50 78.50 89.50 79.00 90.50 80.00 92.09 0.6 73.00 86.50 76.00 87.50 77.50 88.50 78.50 89.50 79.50 90.50 0.7 73.00 85.50 73.00 86.50 76.00 88.00 78.50 88.50 79.00 90.00 0.8 72.00 84.75 73.00 85.50 76.00 86.50 77.50 88.00 79.00 89.50 0.9 72.00 83.00 73.00 84.75 73.00 85.50 76.00 87.00 78.50 88.00 1.0 70.00 81.50 72.00 83.00 73.00 84.75 76.00 85.50 77.50 87.00 1.1 69.00 79.00 72.00 81.50 73.00 83.00 73.00 84.75 77.50 86.25 1.2 69.00 79.00 70.00 79.00 72.00 81.50 73.00 83.00 76.00 85.50 1.4 62.22 73.00 63.89 79.00 65.55 79.00 67.22 79.00 69.45 83.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.95 175# -3.25 1.00 205# -6.36 3.00 155# -30.00 0.00 185# -1.50 1.50 215# -6.36 3.00 165# -15.00 0.00 195# -1.59 3.00 225# -6.36 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 205.12 lb carcass, 0.63 inch back-fat, 7.51 square inch loin/2.50 inch loin depth, FFLI: 53.47% Price Range $78.50 - $89.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 122,119 Base Price Range $76.16 - $86.89, Weighted Average $82.06 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,001 Compared to Prior Day's closing weighted average (LM_HG200), 0.48 lower Price Rng $58.00 - $64.50, Wtd Avg $62.06, 5 Day Rolling Avg $60.85 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 835 *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): 1,836 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 230*** Georgia 180 Iowa 93,500 Illinois 18,570 Indiana 13,609 Kansas 2,204 Kentucky 864 Michigan 10,265 Minnesota 43,348 Missouri 2,887 North Carolina 15,990 North Dakota 350 Nebraska 16,371 New York 178 Ohio 13,948 Oklahoma 2,211 Pennsylvania 3,810 South Carolina 360 South Dakota 9,183 Wisconsin 515 -------------------------------------------------------------------------------- *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 1500C .