National Daily Direct Hogs Afternoon
USDA - Thu Jan 10, 3:01PM CST
LM_HG203
Des Moines, Iowa                Thu, Jan 10, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, January 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                                9,487      9,487      8,974      9,447
Other Market Formula (Futures/Options)   44,396     44,396     41,878     52,736
Swine or Pork Market Formula            143,038    143,038    141,585    134,866
Other Purchase Arrangement               71,088     71,088     71,078     73,344
Negotiated Formula                        1,943      1,943      1,409      2,089
Packer Sold (all purchase types)          8,289      8,289     10,059     11,200
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,268

Compared to Prior Day's closing weighted average (LM_HG200),  0.02 lower

Base Price Rng $47.00 - $53.00, Wtd Avg $51.14, 5 Day Rolling Avg $50.07
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 160

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

Barrows & Gilts (carcass basis): 7,428

*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   50.00  54.60   51.50  55.67   52.50  56.74   53.50  57.82   54.00  59.25
0.5   47.00  54.60   50.00  55.67   52.50  56.74   53.00  57.82   54.00  59.25
0.6   47.00  53.57   50.00  54.65   51.50  55.72   52.50  56.79   53.50  58.23
0.7   47.00  52.55   47.00  53.62   50.00  54.70   51.50  55.77   53.00  57.20
0.8   46.00  51.53   47.00  52.60   50.00  53.68   50.00  54.75   51.50  56.18
0.9   46.00  50.51   47.00  51.58   47.00  52.65   50.00  53.73   50.00  55.50
1.0   44.00  49.48   46.00  50.56   47.00  51.63   49.00  53.00   50.00  54.50
1.1   43.00  48.21   45.00  49.28   47.00  50.35   47.00  51.43   49.00  54.50
1.2   43.00  46.67   43.00  47.75   45.00  49.00   45.00  50.00   47.00  53.00
1.4   37.00  42.50   40.00  46.00   40.00  47.00   43.00  49.00   43.00  50.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.11          175#   -3.00  1.00          205#   -4.09  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -4.09  3.00
    165#   -15.00  0.00          195#   -1.02  3.00          225#   -4.09  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.51 lb carcass, 0.63 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 53.20%

Price Range $52.50 - $56.79
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 142,709

Base Price Range $47.00 - $65.92, Weighted Average $55.52
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,680

Compared to Prior Day's closing weighted average (LM_HG200), 0.10 lower

Price Rng $31.50 - $42.00, Wtd Avg $39.95, 5 Day Rolling Avg $38.51
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,654

*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): 3,334

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

Canada                   90               Georgia                  160
Iowa                100,054               Illinois              22,057
Indiana              26,249               Kansas                 2,228
Kentucky              1,989               Michigan              10,105
Minnesota            47,698               Missouri               3,315
North Carolina       17,447               Nebraska              15,457
New York                100               Ohio                  13,903
Oklahoma              3,053               Pennsylvania           4,158
South Carolina          180               South Dakota           7,997
Tennessee             1,521               Wisconsin                480
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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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