National Daily Direct Hogs - Morning

LM_HG202
Des Moines, Iowa Fri, Nov 08, 2019 USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, November 8, 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 7,170 5,352 3,678 7,890
Other Market Formula (Futures/Options) 52,564 50,214 21,680 20,316
Swine or Pork Market Formula 96,971 87,003 88,636 101,097
Other Purchase Arrangement 52,045 47,565 56,177 68,760
Negotiated Formula 564 164 0 1,071
Packer Sold (all purchase types) 15,166 15,166 15,451 4,780
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,920

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

Base Price Rng $41.00 - $46.00, Wtd Avg $45.24, 5 Day Rolling Avg $46.24
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,920

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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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 44.00 49.12 45.50 50.50 46.50 51.50 47.50 52.50 48.00 53.30
0.5 41.00 49.12 44.00 50.08 46.50 51.50 47.00 52.01 48.00 53.30
0.6 41.00 48.20 44.00 49.16 45.50 50.50 46.50 51.50 47.50 52.50
0.7 41.00 47.28 41.00 48.24 44.00 49.21 46.50 51.50 47.00 52.00
0.8 40.00 46.36 41.00 47.32 44.00 49.00 45.50 50.50 47.00 52.00
0.9 40.00 45.44 41.00 46.40 41.00 47.37 44.00 49.00 46.50 51.50
1.0 38.00 44.52 40.00 45.48 41.00 46.45 44.00 49.00 45.50 50.50
1.1 37.00 43.37 40.00 45.00 41.00 46.00 41.00 46.27 45.50 50.50
1.2 37.00 42.00 38.00 43.00 40.00 45.00 41.00 46.00 44.00 49.00
1.4 33.00 38.50 36.98 42.00 37.94 43.00 38.91 45.00 40.20 46.00
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CARCASS WEIGHT DIFFERENTIALS

145# -27.75 -4.60 175# -1.75 0.00 205# -3.68 0.00
155# -27.75 0.00 185# -0.25 0.00 215# -3.68 0.00
165# -15.00 0.00 195# -0.92 0.00 225# -3.68 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 207.89 lb carcass, 0.64 inch back-fat,
7.51 square inch loin/2.50 inch loin depth, FFLI: 53.28%

Price Range $46.50 - $51.50
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 94,966

Base Price Range $41.99 - $76.44, Weighted Average $58.37
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,335

Compared to Prior Day's closing weighted average (LM_HG200), 0.21 lower

Base Price Rng $33.50 - $38.00, Wtd Avg $36.52, 5 Day Rolling Avg $38.11
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 164

*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): 1,499

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

Delaware 42 Iowa 61,545
Illinois 36,493 Indiana 14,932
Kansas 3,650 Kentucky 180
Michigan 4,851 Minnesota 35,562
Missouri 3,403 North Carolina 13,845
Nebraska 12,108 Ohio 8,123
Oklahoma 3,296 Pennsylvania 2,052
South Carolina 900 South Dakota 4,016
Wisconsin 466
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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

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