LM_HG210 Des Moines, Iowa Tue, Apr 30, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, April 30, 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 3,990 3,990 4,615 4,433 Other Market Formula (Futures/Options) 4,482 4,482 15,708 19,385 Swine or Pork Market Formula 28,112 28,112 29,977 36,399 Other Purchase Arrangement 31,331 31,331 29,408 35,880 Negotiated Formula 1,145 1,145 827 1,756 Packer Sold (all purchase types) 11,249 11,249 10,939 2,437 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,085 Compared to Prior Day's closing weighted average (LM_HG207), no comparision Base Price Rng $71.00 - $80.00, Wtd Avg $78.22, 5 Day Rolling Avg $78.22 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 160 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,245 *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 74.00 84.00 75.50 85.50 76.50 86.97 77.50 88.61 78.00 90.81 0.5 71.00 83.68 74.00 85.32 76.50 86.97 77.00 88.61 78.00 90.81 0.6 71.00 82.50 74.00 83.76 75.50 85.40 76.50 87.05 77.50 89.24 0.7 71.00 81.50 71.00 82.50 74.00 84.00 76.50 85.48 77.00 87.67 0.8 70.00 80.75 71.00 81.50 74.00 82.50 75.50 84.00 77.00 86.11 0.9 70.00 79.00 71.00 80.75 71.00 81.50 74.00 83.00 76.50 84.54 1.0 68.00 77.50 70.00 79.00 71.00 80.75 74.00 81.50 75.50 83.00 1.1 67.00 75.00 70.00 77.50 71.00 79.00 71.00 80.75 75.50 82.50 1.2 67.00 75.00 68.00 75.00 70.00 77.50 71.00 79.00 74.00 81.50 1.4 61.35 70.50 62.99 75.00 64.64 75.00 66.28 77.00 68.48 79.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -7.84 175# -1.50 0.00 205# -6.27 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -6.27 0.00 165# -5.00 0.00 195# -1.57 0.00 225# -6.27 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 192.46 lb carcass, 0.61 inch back-fat, 6.75 square inch loin/2.25 inch loin depth, FFLI: 53.46% Price Range $76.50 - $87.05 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 32,247 Base Price Range $76.16 - $87.07, Weighted Average $82.90 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 838 Compared to Prior Day's closing weighted average (LM_HG207), 1.02 higher Price Rng $58.50 - $63.25, Wtd Avg $61.98, 5 Day Rolling Avg $62.17 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 530 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- CO