LM_HG203 Des Moines, Iowa Thu, May 02, 2019 USDA Market News NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, May 2, 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 10,802 10,802 7,908 7,309 Other Market Formula (Futures/Options) 322,328 322,328 37,319 24,262 Swine or Pork Market Formula 125,154 125,154 115,235 133,935 Other Purchase Arrangement 71,738 71,738 69,905 76,100 Negotiated Formula 1,272 1,272 835 1,440 Packer Sold (all purchase types) 18,076 18,076 17,451 7,590 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,335 Compared to Prior Day's closing weighted average (LM_HG200), 1.50 lower Base Price Rng $72.00 - $83.00, Wtd Avg $78.98, 5 Day Rolling Avg $79.86 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 660 Compared to Prior Day's closing weighted average (LM_HG200), 0.14 lower Base Price Rng $79.37 - $83.57, Wtd Avg $80.83, 5 Day Rolling Avg $80.83 -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,995 Compared to Prior Day's closing weighted average (LM_HG200), 1.40 lower Base Price Rng $72.00 - $83.57, Wtd Avg $79.10, 5 Day Rolling Avg $79.10 -------------------------------------------------------------------------------- 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 83.68 76.50 85.32 77.50 86.97 78.50 88.61 79.00 90.81 0.5 72.00 83.68 75.00 85.32 77.50 86.97 78.00 88.61 79.00 90.81 0.6 72.00 82.11 75.00 83.76 76.50 85.40 77.50 87.05 78.50 89.24 0.7 72.00 80.54 72.00 82.19 75.00 83.83 77.50 85.48 78.00 87.67 0.8 71.00 78.98 72.00 80.62 75.00 82.27 76.50 83.91 78.00 86.11 0.9 71.00 77.41 72.00 79.06 72.00 80.70 75.00 82.35 77.50 84.54 1.0 69.00 75.84 71.00 77.49 72.00 79.13 75.00 81.00 76.50 82.97 1.1 68.00 74.00 71.00 77.00 72.00 78.00 72.00 78.82 76.50 82.50 1.2 68.00 74.00 69.00 75.00 71.00 77.00 72.00 78.00 75.00 81.00 1.4 61.35 70.50 62.99 74.00 64.64 75.00 66.28 77.00 68.48 78.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -7.84 175# -1.75 1.00 205# -6.27 3.00 155# -30.00 0.00 185# -0.25 1.50 215# -6.27 3.00 165# -15.00 0.00 195# -1.57 3.00 225# -6.27 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.14 lb carcass, 0.70 inch back-fat, 7.08 square inch loin/2.36 inch loin depth, FFLI: 52.14% Price Range $77.50 - $85.48 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 131,877 Base Price Range $71.31 - $86.96, Weighted Average $80.78 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,486 Compared to Prior Day's closing weighted average (LM_HG200), 0.24 lower Price Rng $54.45 - $64.50, Wtd Avg $62.32, 5 Day Rolling Avg $61.98 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 332 *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): 1,818 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 90 Georgia 263 Iowa 388,151 Illinois 21,039 Indiana 18,493 Kansas 2,537 Kentucky 870 Michigan 7,113 Minnesota 41,584 Missouri 3,405 North Carolina 15,182 North Dakota 170 Nebraska 18,434 New York 170 Ohio 15,281 Oklahoma 2,473 Pennsylvania 4,011 South Carolina 360 South Dakota 9,305 Wisconsin 439 -------------------------------------------------------------------------------- *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 .