National Daily Direct Hogs - Morning

LM_HG202
Des Moines, Iowa Fri, Jun 21, 2019 USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, June 21, 2019
(Includes information from 1:30 PM to 9:30 AM.)

CURRENT VOLUME BY PURCHASE TYPE
BARROWS & GILTS LIVE AND CARCASS BASIS

Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold
Negotiated 4,401 3,625 6,979 3,689
Other Market Formula (Futures/Options) 31,142 26,333 27,895 16,530
Swine or Pork Market Formula 101,467 90,342 91,263 94,095
Other Purchase Arrangement 60,396 54,141 45,189 60,128
Negotiated Formula 0 0 328 1,690
Packer Sold (all purchase types) 14,367 14,367 13,541 4,924
--------------------------------------------------------------------------------
NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,191

Compared to Prior Day's closing weighted average (LM_HG200), 0.64 lower

Base Price Rng $66.00 - $76.00, Wtd Avg $74.08, 5 Day Rolling Avg $75.71
--------------------------------------------------------------------------------
NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,191

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
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 69.00 78.82 70.50 80.37 71.50 81.92 72.50 83.47 73.00 85.53
0.5 66.00 78.82 69.00 80.37 71.50 81.92 72.00 83.47 73.00 85.53
0.6 66.00 77.34 69.00 78.89 70.50 80.44 71.50 81.99 72.50 84.06
0.7 66.00 75.87 66.00 77.42 69.00 78.97 71.50 80.52 72.00 82.58
0.8 65.00 74.39 66.00 75.94 69.00 77.49 70.50 79.04 72.00 81.11
0.9 65.00 73.50 66.00 74.46 66.00 76.01 69.00 77.56 71.50 79.63
1.0 63.00 71.50 65.00 73.50 66.00 74.54 69.00 76.09 70.50 78.15
1.1 62.00 69.59 65.00 71.50 66.00 74.00 66.00 75.00 70.50 76.31
1.2 62.00 67.38 63.00 69.50 65.00 73.50 66.00 74.50 69.00 75.50
1.4 57.79 63.50 59.34 67.00 60.89 69.50 62.43 73.50 64.50 74.50
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS

145# -32.00 -7.38 175# -4.00 1.00 205# -5.90 3.00
155# -30.00 0.00 185# -1.00 1.50 215# -5.90 3.00
165# -15.00 0.00 195# -1.48 3.00 225# -5.90 1.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.99 lb carcass, 0.71 inch back-fat,
7.02 square inch loin/2.34 inch loin depth, FFLI: 51.95%

Price Range $71.50 - $80.52
--------------------------------------------------------------------------------
SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 96,259

Base Price Range $67.00 - $82.72, Weighted Average $76.69
--------------------------------------------------------------------------------
NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 990

Compared to Prior Day's closing weighted average (LM_HG200), 0.64 lower

Price Rng $50.00 - $61.75, Wtd Avg $57.08, 5 Day Rolling Avg $58.43
--------------------------------------------------------------------------------
NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 0 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 990

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

Canada 565 Colorado 160
Iowa 70,242 Illinois 14,748
Indiana 8,830 Kansas 2,290
Kentucky 559 Michigan 4,233
Minnesota 41,912 Missouri 4,460
Montana 215 North Carolina 12,607
North Dakota 720 Nebraska 9,177
Ohio 6,824 Oklahoma 3,266
Pennsylvania 1,885 South Carolina 720
South Dakota 5,080 Wisconsin 335
--------------------------------------------------------------------------------
*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

1100C



.