National Daily Direct Hogs Afternoon
USDA - Fri May 17, 11:12AM CDT
LM_HG203
Des Moines, Iowa                Fri, May 17, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, May 17, 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                                7,540      7,540      9,581      7,094
Other Market Formula (Futures/Options)   35,075     35,075     28,633     31,937
Swine or Pork Market Formula            103,417    103,417    109,649    136,993
Other Purchase Arrangement               64,419     64,419     61,871     79,859
Negotiated Formula                          944        944      1,953      1,888
Packer Sold (all purchase types)         18,154     18,154     18,125      6,874
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,315

Compared to Prior Day's closing weighted average (LM_HG200),  0.10 higher

Base Price Rng $72.00 - $85.00, Wtd Avg $81.18, 5 Day Rolling Avg $81.46
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 320

*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): 8,635

*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  85.14   76.50  86.82   77.50  88.49   78.50  90.16   79.00  92.40
0.5   72.00  85.14   75.00  86.82   77.50  88.49   78.00  90.16   79.00  92.40
0.6   72.00  83.55   75.00  85.22   76.50  86.89   77.50  88.57   78.50  90.80
0.7   72.00  82.00   72.00  83.63   75.00  85.30   77.50  86.97   78.00  89.21
0.8   71.00  81.25   72.00  82.03   75.00  83.71   76.50  85.38   78.00  87.61
0.9   71.00  79.50   72.00  81.25   72.00  82.11   75.00  83.79   77.50  86.02
1.0   69.00  78.00   71.00  79.50   72.00  81.25   75.00  82.19   76.50  84.42
1.1   68.00  75.50   71.00  78.00   72.00  79.50   72.00  81.25   76.50  82.75
1.2   68.00  75.50   69.00  75.50   71.00  78.00   72.00  79.50   75.00  82.00
1.4   62.42  69.50   64.09  75.50   65.77  75.50   67.44  75.50   69.68  79.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75 -7.97          175#   -1.75  0.00          205#   -6.38  2.00
    155#   -27.75  0.00          185#   -0.25  2.00          215#   -6.38  2.00
    165#   -15.00  0.00          195#   -1.59  2.00          225#   -6.38  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.94 lb carcass, 0.73 inch back-fat,
6.93 square inch loin/2.31 inch loin depth, FFLI: 51.59%

Price Range $77.50 - $86.97
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 113,033

Base Price Range $74.21 - $88.95, Weighted Average $82.66
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,484

Compared to Prior Day's closing weighted average (LM_HG200), 0.93 lower

Price Rng $53.75 - $65.50, Wtd Avg $61.56, 5 Day Rolling Avg $62.57
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 624

*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): 2,108

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

Canada                  684               Iowa                  82,211
Illinois             17,962               Indiana               15,533
Kansas                2,458               Kentucky                 491
Michigan              4,752               Minnesota             39,135
Missouri              3,099               Montana                  216
North Carolina       11,021               North Dakota             180
Nebraska             21,164               Ohio                  14,871
Oklahoma              3,027               Pennsylvania           3,996
South Carolina          720               South Dakota           7,355
Tennessee                45               Wisconsin                629
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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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