National Daily Direct Hogs - Afternoon

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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 330

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

Barrows & Gilts (carcass basis): 17,935

*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 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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
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 $--
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
*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



.