National Daily Direct Hogs Afternoon
USDA - Wed May 15, 10:47AM CDT
LM_HG203
Des Moines, Iowa                Wed, May 15, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 15, 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                                6,757      6,757      5,765      7,580
Other Market Formula (Futures/Options)   47,193     47,193     31,809     45,390
Swine or Pork Market Formula            113,082    113,082    112,983    125,331
Other Purchase Arrangement               71,054     71,054     65,272     75,484
Negotiated Formula                        1,134      1,134      1,637        992
Packer Sold (all purchase types)         18,594     18,594     20,142     10,222
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,225

Compared to Prior Day's closing weighted average (LM_HG200),  0.22 lower

Base Price Rng $72.00 - $85.00, Wtd Avg $81.79, 5 Day Rolling Avg $81.12
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 480

*Price not reported due to confidentiality* 5 Day Rolling Avg $81.59
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        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,705

*Price not reported due to confidentiality* 5 Day Rolling Avg $82.00
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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   75.00  85.86   76.50  87.54   77.50  89.23   78.50  90.92   79.00  93.17
0.5   72.00  85.86   75.00  87.54   77.50  89.23   78.00  90.92   79.00  93.17
0.6   72.00  84.25   75.00  85.94   76.50  87.63   77.50  89.31   78.50  91.56
0.7   72.00  82.64   72.00  84.33   75.00  86.02   77.50  87.71   78.00  89.96
0.8   71.00  81.03   72.00  82.72   75.00  84.41   76.50  86.10   78.00  88.35
0.9   71.00  79.43   72.00  81.11   72.00  82.80   75.00  84.49   77.50  86.74
1.0   69.00  77.82   71.00  79.51   72.00  81.19   75.00  82.88   76.50  85.13
1.1   68.00  75.81   71.00  77.50   72.00  79.18   72.00  80.87   76.50  83.12
1.2   68.00  73.40   69.00  75.08   71.00  76.77   72.00  78.46   75.00  80.71
1.4   62.95  67.00   64.63  73.00   66.32  73.00   68.01  73.00   70.26  77.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -8.04          175#   -3.00  1.00          205#   -6.43  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -6.43  3.00
    165#   -15.00  0.00          195#   -1.61  3.00          225#   -6.43  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.53 lb carcass, 0.71 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.01%

Price Range $77.50 - $87.71
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 117,885

Base Price Range $75.92 - $87.44, Weighted Average $82.30
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 694

Compared to Prior Day's closing weighted average (LM_HG200), 1.08 lower

Price Rng $53.93 - $65.00, Wtd Avg $61.70, 5 Day Rolling Avg $62.10
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 816

*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): 1,510

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

Arkansas                107               Canada                   465
Georgia                 213               Iowa                  94,155
Illinois             20,038               Indiana               20,741
Kansas                2,371               Kentucky                 629
Maryland                145               Michigan               9,248
Minnesota            47,560               Missouri               2,905
Montana                 438               North Carolina        11,799
Nebraska             16,932               New York                 171
Ohio                 15,383               Oklahoma               2,868
Pennsylvania          2,834               South Carolina         1,080
South Dakota          6,855               Utah                     136
Wisconsin               741
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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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