Iowa/Minnesota Daily Direct Prior Day Hog - Purchased Swine

LM_HG204
Des Moines, Iowa Fri, Jan 24, 2020 USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, January 23, 2020

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

Actual Actual Actual
Prior Day Week Ago Year Ago
Producer Sold
Negotiated 4,349 3,450 4,888
Other Market Formula (Futures/Options) 15,279 18,207 17,213
Swine or Pork Market Formula 65,996 64,606 92,567
Other Purchase Arrangement 37,242 39,519 21,874
Negotiated Formula 0 0 1,002
Packer Sold (all purchase types) 7,428 6,146 8,527
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NEGOTIATED OTHER SWINE OTHER NEGOTIATED TOTALS/
MARKET OR PORK PURCHASE FORMULA WTD AVG
FORMULA MARKET ARRGMENT
(FUT/OPT)** FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
Head Count 3,733 15,279 65,454 37,242 0 121,708
Base Price 50.82 65.73 61.68 63.32 * 62.36
Packer Sold
Head Count 7,428
Base Price 56.27
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

Compared to Prior Day's closing weighted average (LM_HG204), 0.40 lower

Wtd Avg $51.66, 5 Day Rolling Avg $51.77
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

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

Barrows & Gilts (carcass basis):

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

*Price not reported due to confidentiality*
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CARCASS WEIGHT DIFFERENTIALS

145# -32.00 -9.45 175# -4.00 1.00 205# 0.00 3.00
155# -30.00 -5.25 185# -1.00 1.50 215# -0.25 3.00
165# -15.00 -3.15 195# -0.50 3.00 225# -2.25 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 67,447

Base Price Range $50.78 - $73.62, Weighted Average $61.51
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NEGOTIATED PURCHASE (Including Packer Sold)

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

*Price not reported due to confidentiality* 5 Day Rolling Avg $39.92
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

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

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

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

Iowa 87,155 Minnesota 43,139
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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.
** Futures/Options

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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