National Daily Direct Hogs Morning
USDA - Wed May 15, 4:48AM CDT
LM_HG202
Des Moines, Iowa                Wed, May 15, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 15, 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                                5,596      4,054      3,714      4,417
Other Market Formula (Futures/Options)   37,420     34,365     22,435     19,331
Swine or Pork Market Formula             96,295     85,437     77,140     92,316
Other Purchase Arrangement               56,396     48,973     45,433     60,337
Negotiated Formula                          654        654        972        992
Packer Sold (all purchase types)         15,906     15,906     17,451      6,785
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,170

Compared to Prior Day's closing weighted average (LM_HG200),  0.14 lower

Base Price Rng $72.00 - $85.00, Wtd Avg $81.87, 5 Day Rolling Avg $81.10
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $81.59
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        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,170

*Price not reported due to confidentiality* 5 Day Rolling Avg $82.00
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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   75.00  85.86   76.50  87.54   77.50  89.23   78.50  90.92   79.00  93.17
0.5   72.00  85.86   75.00  87.54   77.50  89.23   78.00  90.92   79.00  93.17
0.6   72.00  84.25   75.00  85.94   76.50  87.63   77.50  89.31   78.50  91.56
0.7   72.00  82.64   72.00  84.33   75.00  86.02   77.50  87.71   78.00  89.96
0.8   71.00  81.03   72.00  82.72   75.00  84.41   76.50  86.10   78.00  88.35
0.9   71.00  79.43   72.00  81.11   72.00  82.80   75.00  84.49   77.50  86.74
1.0   69.00  77.82   71.00  79.51   72.00  81.19   75.00  82.88   76.50  85.13
1.1   68.00  75.81   71.00  77.50   72.00  79.18   72.00  80.87   76.50  83.12
1.2   68.00  73.40   69.00  75.08   71.00  76.77   72.00  78.46   75.00  80.71
1.4   62.95  67.00   64.63  73.00   66.32  73.00   68.01  73.00   70.26  77.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -8.04          175#   -1.75  1.00          205#   -6.43  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -6.43  3.00
    165#   -15.00  0.00          195#   -1.61  3.00          225#   -6.43  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.53 lb carcass, 0.71 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.01%

Price Range $77.50 - $87.71
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 90,793

Base Price Range $75.92 - $87.44, Weighted Average $82.73
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 478

Compared to Prior Day's closing weighted average (LM_HG200), 0.26 lower

Price Rng $53.93 - $65.00, Wtd Avg $62.52, 5 Day Rolling Avg $62.19
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 816

*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): 1,294

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

Canada                  190               Georgia                  180
Iowa                 72,793               Illinois              14,593
Indiana              11,349               Kansas                 2,371
Kentucky                350               Maryland                 145
Michigan              4,455               Minnesota             42,113
Missouri              2,597               Montana                  438
North Carolina       11,521               Nebraska               9,473
New York                171               Ohio                   7,091
Oklahoma              2,838               Pennsylvania           1,471
South Carolina        1,080               South Dakota           3,293
Utah                    136               Wisconsin                741
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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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