Western Cornbelt Daily Direct Hogs Afternoon
USDA - Thu Mar 14, 3:00PM CDT
LM_HG212
Des Moines, Iowa                Thu, Mar 14, 2019               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, March 14, 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                                4,390      4,390      2,124      2,387
Other Market Formula (Futures/Options)   56,359     56,359     28,255     20,268
Swine or Pork Market Formula             96,299     96,299     93,141     97,067
Other Purchase Arrangement               31,253     31,253     43,346     42,912
Negotiated Formula                            0          0          0          0
Packer Sold (all purchase types)          4,493      4,493      5,191      5,181
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,525

Compared to Prior Day's closing weighted average (LM_HG208), 1.46 higher

Base Price Rng $46.00 - $54.00, Wtd Avg $53.00, 5 Day Rolling Avg $50.20
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,525

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          WESTERN 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

*Price not reported due to confidentiality*
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                        CARCASS WEIGHT DIFFERENTIALS

   145#    -27.75  -8.82        175#   -3.00  0.00          205#    0.00  0.00
   155#    -27.75  -4.90        185#   -0.25  0.00          215#   -0.25  0.00
   165#    -15.00  -2.94        195#    0.00  0.00          225#   -2.25  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 101,121

Base Price Range $46.44 - $63.97, Weighted Average $54.62
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 576

*Price not reported due to confidentiality* 5 Day Rolling Avg $37.90
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 703

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,279

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                140,547               Kansas                 6,320
Minnesota            53,169               Missouri               4,072
Nebraska              9,433               South Dakota           3,900
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*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