National Daily Direct Hogs Afternoon
USDA - Wed Oct 09, 11:21AM CDT
LM_HG203
Des Moines, Iowa                Wed, Oct 09, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 9, 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                               15,688     15,688     10,207     12,199
Other Market Formula (Futures/Options)   56,331     56,331     30,263     49,117
Swine or Pork Market Formula            114,968    114,968    111,924    134,065
Other Purchase Arrangement              101,662    101,662     88,931     82,245
Negotiated Formula                          493        493        470      1,344
Packer Sold (all purchase types)         19,302     19,302     22,608     11,299
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 17,605

Compared to Prior Day's closing weighted average (LM_HG200),  1.65 higher

Base Price Rng $49.50 - $56.00, Wtd Avg $53.90, 5 Day Rolling Avg $51.53
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 330

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

Barrows & Gilts (carcass basis): 17,935

*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   53.00  55.00   54.50  56.50   55.50  57.50   56.50  58.50   57.00  59.41
0.5   50.00  54.75   53.00  55.82   54.50  57.50   56.00  58.00   56.00  59.41
0.6   50.00  53.72   53.00  55.00   54.50  56.50   54.50  57.50   56.00  58.50
0.7   50.00  52.70   50.00  53.77   53.00  55.00   53.00  57.50   54.50  58.00
0.8   49.00  51.67   50.00  52.75   51.50  55.00   51.50  56.50   53.00  58.00
0.9   48.50  51.00   50.00  52.00   50.00  52.80   51.50  55.00   51.50  57.50
1.0   47.00  49.62   48.50  51.00   48.50  52.00   50.50  55.00   51.50  56.50
1.1   46.00  48.34   46.50  51.00   48.50  52.00   48.50  52.00   50.50  56.50
1.2   44.50  48.00   44.50  49.00   46.50  51.00   46.50  52.00   48.50  55.00
1.4   38.50  44.50   41.21  48.00   41.50  49.00   43.37  51.00   44.50  52.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.13          175#   -3.00  1.00          205#   -4.10  3.00
    155#   -30.00  0.00          185#   -0.25  2.00          215#   -4.10  3.00
    165#   -15.00  0.00          195#   -1.03  3.00          225#   -4.10  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 201.81 lb carcass, 0.66 inch back-fat,
7.30 square inch loin/2.43 inch loin depth, FFLI: 52.91%

Price Range $53.00 - $57.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 120,280

Base Price Range $48.49 - $76.95, Weighted Average $59.07
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 613

Compared to Prior Day's closing weighted average (LM_HG200), 0.40 lower

Price Rng $37.00 - $42.00, Wtd Avg $39.35, 5 Day Rolling Avg $38.89
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 163

*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): 776

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

Canada                  733               Iowa                 111,698
Illinois             21,441               Indiana               25,055
Kansas                3,100               Kentucky               2,016
Maryland                164               Michigan               9,043
Minnesota            54,435               Missouri               2,997
Mississippi             262               Montana                  436
North Carolina       23,459               North Dakota              75
Nebraska             15,965               New York                 170
Ohio                 15,752               Oklahoma               3,155
Pennsylvania          3,837               South Carolina         1,260
South Dakota          8,320               Tennessee              1,477
Virginia                110               Wisconsin              3,484
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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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