National Daily Direct Hogs - Afternoon

LM_HG203
Des Moines, Iowa Thu, Oct 10, 2019 USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 10, 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 8,034 8,034 9,614 12,821
Other Market Formula (Futures/Options) 51,025 51,025 30,784 35,793
Swine or Pork Market Formula 114,456 114,456 107,677 136,872
Other Purchase Arrangement 83,183 83,183 81,063 83,942
Negotiated Formula 330 330 634 1,357
Packer Sold (all purchase types) 18,834 18,834 18,669 10,011
--------------------------------------------------------------------------------
NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,671

Compared to Prior Day's closing weighted average (LM_HG200), 1.92 higher

Base Price Rng $50.00 - $58.00, Wtd Avg $55.76, 5 Day Rolling Avg $52.45
--------------------------------------------------------------------------------
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): 10,001

*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 56.90 54.50 58.02 54.50 59.14 56.00 60.26 56.00 61.75
0.5 51.50 56.90 53.00 58.02 53.00 59.14 54.50 60.26 54.50 61.75
0.6 51.50 55.84 51.50 56.96 53.00 58.08 53.00 59.19 54.50 60.69
0.7 50.00 54.77 50.00 55.89 51.50 57.01 51.50 58.50 53.00 59.62
0.8 49.00 53.71 50.00 54.83 50.00 56.00 50.00 57.50 51.50 59.00
0.9 47.00 52.64 49.00 53.76 49.00 54.88 50.00 56.00 50.00 58.50
1.0 47.00 51.58 47.00 52.69 47.00 53.81 49.00 56.00 50.00 57.50
1.1 45.00 50.24 45.00 52.00 47.00 53.00 47.00 53.60 49.00 57.50
1.2 43.00 49.00 43.00 50.00 45.00 52.00 45.00 53.00 47.00 56.00
1.4 37.00 45.50 40.00 49.00 40.00 50.00 43.00 52.00 43.00 53.00
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS

145# -30.00 -5.33 175# -3.00 1.00 205# -4.26 3.00
155# -30.00 0.00 185# -0.25 2.00 215# -4.26 3.00
165# -15.00 0.00 195# -1.07 3.00 225# -4.26 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 201.86 lb carcass, 0.67 inch back-fat,
7.30 square inch loin/2.43 inch loin depth, FFLI: 52.75%

Price Range $51.50 - $58.50
--------------------------------------------------------------------------------
SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 120,877

Base Price Range $49.62 - $75.51, Weighted Average $59.76
--------------------------------------------------------------------------------
NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,336

Compared to Prior Day's closing weighted average (LM_HG200), 1.99 higher

Price Rng $36.82 - $43.53, Wtd Avg $41.30, 5 Day Rolling Avg $39.79
--------------------------------------------------------------------------------
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): 1,336

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

Iowa 100,181 Illinois 18,160
Indiana 25,984 Kansas 2,768
Kentucky 3,047 Maryland 45
Michigan 8,761 Minnesota 47,307
Missouri 3,858 North Carolina 16,451
North Dakota 345 Nebraska 10,885
New York 337 Ohio 22,283
Oklahoma 3,068 Pennsylvania 3,511
South Carolina 360 South Dakota 6,343
Tennessee 1,320 Wisconsin 848
--------------------------------------------------------------------------------
*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



.