LM_HG207 Des Moines, Iowa Wed, May 08, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 7, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,694 3,498 4,060 Other Market Formula (Futures/Options) 11,860 7,941 9,458 Swine or Pork Market Formula 29,226 27,649 36,213 Other Purchase Arrangement 26,839 29,029 30,895 Negotiated Formula 208 854 873 Packer Sold (all purchase types) 8,485 8,470 455 -------------------------------------------------------------------------------- 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 4,875 10,525 24,235 26,154 0 65,789 Base Price 77.80 84.74 81.02 79.27 * 80.68 Packer Sold Head Count 8,484 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,875 Compared to Prior Day's closing weighted average (LM_HG207), no comparison Base Price Rng $74.00 - $78.50, Wtd Avg $77.80, 5 Day Rolling Avg $77.65 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,875 *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 77.00 82.94 78.50 84.57 79.50 86.20 80.50 87.83 81.00 90.01 0.5 74.00 82.94 77.00 84.57 79.50 86.20 80.00 87.83 81.00 90.01 0.6 74.00 81.39 77.00 83.02 78.50 84.65 79.50 86.28 80.50 88.45 0.7 74.00 80.00 74.00 81.47 77.00 83.10 79.50 84.73 80.00 86.90 0.8 73.00 79.25 74.00 80.00 77.00 81.54 78.50 83.17 80.00 85.35 0.9 73.00 77.50 74.00 79.25 74.00 80.00 77.00 81.62 79.50 83.80 1.0 71.00 76.00 73.00 77.50 74.00 79.25 77.00 80.07 78.50 82.24 1.1 70.00 73.50 73.00 76.00 74.00 77.50 74.00 79.25 78.50 80.75 1.2 70.00 73.50 71.00 73.50 73.00 76.00 74.00 77.50 77.00 80.00 1.4 60.81 67.50 62.44 73.50 64.07 73.50 65.70 73.50 67.87 77.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -7.77 175# -1.50 0.00 205# -6.21 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -6.21 0.00 165# -5.00 0.00 195# -1.55 0.00 225# -6.21 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 191.40 lb carcass, 0.63 inch back-fat, 6.75 square inch loin/2.25 inch loin depth, FFLI: 53.15% Price Range $79.50 - $86.28 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 32,719 Base Price Range $71.47 - $86.59, Weighted Average $82.34 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 702 Compared to Prior Day's closing weighted average (LM_HG207), 0.85 higher Price Rng $58.50 - $63.50, Wtd Avg $61.53, 5 Day Rolling Avg $61.56 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 208 *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): 910 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Georgia 180 Illinois 18,095 Indiana 22,751 Kentucky 510 Maryland 100 Michigan 8,235 North Carolina 14,358 New York 169 Ohio 14,215 Pennsylvania 2,892 South Carolina 360 Virginia 110 Wisconsin 337 -------------------------------------------------------------------------------- *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 .