Eastern Cornbelt Daily Direct Hogs - Afternoon

LM_HG210
Des Moines, Iowa Wed, Jun 12, 2019 USDA Market News

EASTERN CORNBELT 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 9,436 9,436 8,690 3,488
Other Market Formula (Futures/Options) 10,890 10,890 36,217 16,085
Swine or Pork Market Formula 33,448 33,448 32,386 36,244
Other Purchase Arrangement 38,078 38,078 31,196 31,278
Negotiated Formula 663 663 1,202 1,160
Packer Sold (all purchase types) 10,165 10,165 12,448 3,378
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,155

Compared to Prior Day's closing weighted average (LM_HG207), no comparision

Base Price Rng $73.00 - $76.50, Wtd Avg $75.22, 5 Day Rolling Avg $75.38
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 160

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

Barrows & Gilts (carcass basis): 8,315

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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EASTERN CORNBELT 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 76.00 80.21 77.50 81.78 78.50 83.36 79.50 84.94 80.00 87.04
0.5 73.00 80.21 76.00 81.78 77.50 83.36 79.00 84.94 79.00 87.04
0.6 73.00 78.70 76.00 80.28 77.50 81.86 77.50 83.44 79.00 85.54
0.7 73.00 77.20 73.00 78.78 76.00 80.36 76.00 81.93 77.50 84.04
0.8 72.00 75.70 73.00 77.28 74.50 78.86 74.50 80.43 76.00 82.53
0.9 71.50 74.20 73.00 75.78 73.00 77.35 74.50 78.93 74.50 81.03
1.0 70.00 72.70 71.50 74.27 71.50 75.85 73.50 77.43 74.50 79.53
1.1 69.00 70.82 69.50 72.40 71.50 73.97 71.50 75.55 73.50 77.65
1.2 67.50 69.50 67.50 70.14 69.50 72.00 69.50 73.50 71.50 76.00
1.4 58.80 65.50 60.38 69.50 61.96 70.00 63.53 72.00 65.64 73.50
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CARCASS WEIGHT DIFFERENTIALS

145# -30.00 -7.51 175# -3.00 1.00 205# -6.01 3.00
155# -30.00 0.00 185# 0.00 1.50 215# -6.01 3.00
165# -15.00 0.00 195# -1.50 3.00 225# -6.01 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 195.86 lb carcass, 0.65 inch back-fat,
6.87 square inch loin/2.29 inch loin depth, FFLI: 52.86%

Price Range $76.00 - $81.93
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 35,241

Base Price Range $72.20 - $82.13, Weighted Average $78.29
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 446

Compared to Prior Day's closing weighted average (LM_HG207), 0.23 higher

Price Rng $56.00 - $60.50, Wtd Avg $58.80, 5 Day Rolling Avg $59.11
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 143

*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): 589

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

Illinois 26,797 Indiana 21,625
Kentucky 1,379 Maryland 112
Michigan 9,032 Mississippi 264
North Carolina 14,536 New York 167
Ohio 14,326 Pennsylvania 3,632
South Carolina 360 Tennessee 640
Wisconsin 1,020
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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