LM_HG207 Des Moines, Iowa Thu, Apr 04, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, April 3, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 3,412 3,897 7,195 Other Market Formula (Futures/Options) 9,225 16,706 10,018 Swine or Pork Market Formula 33,593 30,940 38,234 Other Purchase Arrangement 31,929 31,708 36,744 Negotiated Formula 477 663 729 Packer Sold (all purchase types) 8,002 7,473 150 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER NEGOTIATED TOTALS/ MARKET OR PORK PURCHASE FORMULA WTD AVG FORMULA MARKET ARRGMENT (FUT/OPT)** FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 2,800 7,870 27,172 31,102 165 69,109 Base Price 75.06 75.54 76.58 75.81 * 75.87 Packer Sold Head Count 8,002 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 2,800 Compared to Prior Day's closing weighted average (LM_HG207), no comparison Base Price Rng $73.00 - $76.00, Wtd Avg $75.06, 5 Day Rolling Avg $75.06 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 165 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 2,965 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- EASTERN CORNBELT 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 80.00 77.50 81.50 78.50 82.86 79.50 84.43 80.00 86.52 0.5 73.00 79.73 76.00 81.29 78.50 82.86 79.00 84.43 80.00 86.52 0.6 73.00 78.50 76.00 79.80 77.50 81.37 78.50 82.94 79.50 85.03 0.7 73.00 77.50 73.00 78.50 76.00 80.00 78.50 81.44 79.00 83.53 0.8 72.00 76.75 73.00 77.50 76.00 78.50 77.50 80.00 79.00 82.04 0.9 72.00 75.00 73.00 76.75 73.00 77.50 76.00 79.00 78.50 80.55 1.0 70.00 73.50 72.00 75.00 73.00 76.75 76.00 77.50 77.50 79.05 1.1 69.00 71.00 71.96 73.50 73.00 75.00 73.00 76.75 77.19 78.25 1.2 68.16 71.00 69.72 71.00 71.29 73.50 72.86 75.00 74.95 77.50 1.4 58.45 65.50 60.02 71.00 61.59 71.00 63.15 72.00 65.24 75.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -7.47 175# -1.50 0.00 205# -5.97 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -5.97 0.00 165# -5.00 0.00 195# -1.49 0.00 225# -5.97 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 189.70 lb carcass, 0.58 inch back-fat, 6.66 square inch loin/2.22 inch loin depth, FFLI: 53.93% Price Range $78.50 - $82.94 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 35,174 Base Price Range $70.46 - $81.96, Weighted Average $77.74 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 425 Compared to Prior Day's closing weighted average (LM_HG207), 0.02 higher Price Rng $52.84 - $59.50, Wtd Avg $58.61, 5 Day Rolling Avg $57.44 -------------------------------------------------------------------------------- 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): 737 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Illinois 17,417 Indiana 20,750 Kentucky 355 Michigan 10,156 North Carolina 17,651 Ohio 15,443 Pennsylvania 3,916 Wisconsin 950 -------------------------------------------------------------------------------- *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. ** Futures/Options 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 0800C www.ams.usda.gov/market-news/livestock-poultry-grain .