National Daily Direct Hogs Morning
USDA - Mon Apr 15, 12:06PM CDT
LM_HG202
Des Moines, Iowa                Mon, Apr 15, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Monday, April 15, 2019
(Includes information from 1:30 PM to 9:30 AM.)

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                7,014      4,613      4,966      5,023
Other Market Formula (Futures/Options)   51,368     45,272     51,263     24,422
Swine or Pork Market Formula            132,036    121,636    110,626    114,631
Other Purchase Arrangement              150,074    135,641    167,935    162,325
Negotiated Formula                          878        878      1,174      1,786
Packer Sold (all purchase types)          6,801      6,801     15,191     10,633
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,052

Compared to Prior Day's closing weighted average (LM_HG200),  1.02 lower

Base Price Rng $67.00 - $76.00, Wtd Avg $75.23, 5 Day Rolling Avg $75.60
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,052

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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               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   70.00  80.88   71.50  82.47   72.50  84.06   73.50  85.65   74.00  87.77
0.5   67.00  80.88   70.00  82.47   72.50  84.06   73.00  85.65   74.00  87.77
0.6   67.00  79.37   70.00  80.96   71.50  82.55   72.50  84.14   73.50  86.26
0.7   67.00  77.85   67.00  79.44   70.00  81.03   72.50  82.62   73.00  84.74
0.8   66.00  76.34   67.00  77.93   70.00  79.52   71.50  81.11   73.00  83.23
0.9   66.00  74.82   67.00  76.41   67.00  78.00   70.00  79.59   72.50  81.71
1.0   64.00  73.31   66.00  74.90   67.00  76.49   70.00  78.08   71.50  80.20
1.1   63.00  71.41   66.00  73.00   67.00  74.59   67.00  76.18   71.50  78.30
1.2   63.00  69.14   64.00  70.73   66.00  72.32   67.00  73.91   70.00  76.03
1.4   59.30  63.00   60.89  66.00   62.48  66.00   64.07  69.00   66.19  69.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.57          175#   -3.00  1.00          205#   -6.06  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -6.06  3.00
    165#   -15.00  0.00          195#   -1.51  3.00          225#   -6.06  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.91 lb carcass, 0.65 inch back-fat,
7.21 square inch loin/2.40 inch loin depth, FFLI: 53.02%

Price Range $72.50 - $82.62
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 122,462

Base Price Range $72.07 - $82.37, Weighted Average $78.62
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,114

Compared to Prior Day's closing weighted average (LM_HG200), 0.19 higher

Price Rng $52.25 - $59.25, Wtd Avg $58.84, 5 Day Rolling Avg $58.77
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 878

*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): 1,992

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

Canada                  135               Delaware                  61
Iowa                172,278               Illinois              16,952
Indiana               9,501               Kansas                 3,023
Kentucky                696               Michigan               3,164
Minnesota            57,618               Missouri               2,989
Montana                 860               North Carolina         4,704
North Dakota            170               Nebraska              18,811
New York                170               Ohio                   6,639
Oklahoma              2,301               Pennsylvania             991
South Dakota         11,903               Tennessee              1,633
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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

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