Iowa/Minnesota Daily Direct Hogs - Afternoon

LM_HG206
Des Moines, Iowa Wed, Jun 12, 2019 USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, June 12, 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 2,803 2,803 1,759 4,612
Other Market Formula (Futures/Options) 22,402 22,402 39,540 17,542
Swine or Pork Market Formula 71,369 71,369 66,091 64,607
Other Purchase Arrangement 39,813 39,813 24,353 27,885
Negotiated Formula 0 0 0 75
Packer Sold (all purchase types) 5,417 5,417 3,909 5,344
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 12,624

Compared to Prior Day's closing weighted average (LM_HG204), 1.28 higher

Base Price Rng $67.00 - $78.00, Wtd Avg $76.72, 5 Day Rolling Avg $76.30
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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): 12,624

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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IOWA/MINNESOTA 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# -30.00-10.00 175# -3.25 1.00 205# 0.00 3.00
155# -30.00 -7.10 185# -1.50 2.00 215# -0.25 3.00
165# -15.00 -3.37 195# 0.00 3.00 225# -2.30 2.00
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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): 79,418

Base Price Range $71.87 - $82.01, Weighted Average $77.02
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 65

*Price not reported due to confidentiality* 5 Day Rolling Avg $60.16
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 139

*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): 204

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

Iowa 125,720 Minnesota 47,371
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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