National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Thu, May 16, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 16, 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                                9,301      9,301      6,101      5,625
Other Market Formula (Futures/Options)   41,194     41,194     32,845     52,066
Swine or Pork Market Formula            106,873    106,873    112,716    123,071
Other Purchase Arrangement               62,412     62,412     71,145     78,226
Negotiated Formula                        1,420      1,420      1,073      1,600
Packer Sold (all purchase types)         19,127     19,127     20,305      7,544
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,346

Compared to Prior Day's closing weighted average (LM_HG200),  0.55 lower

Base Price Rng $72.00 - $85.00, Wtd Avg $81.26, 5 Day Rolling Avg $81.36
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 500

*Price not reported due to confidentiality* 5 Day Rolling Avg $81.59
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        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,846

*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  78.50   71.00  79.51   72.00  81.19   75.00  82.88   76.50  85.13
1.1   68.00  76.50   71.00  77.50   72.00  79.18   72.00  80.87   76.50  83.12
1.2   68.00  75.00   69.00  75.08   71.00  77.50   72.00  79.00   75.00  81.50
1.4   62.95  69.00   64.63  75.00   66.32  75.00   68.01  75.00   70.26  79.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75 -8.04          175#   -3.25  0.00          205#   -6.43  0.00
    155#   -27.75  0.00          185#   -1.50  0.00          215#   -6.43  0.00
    165#   -15.00  0.00          195#   -1.61  0.00          225#   -6.43  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.44 lb carcass, 0.72 inch back-fat,
7.02 square inch loin/2.34 inch loin depth, FFLI: 51.80%

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

Barrows & Gilts (carcass basis): 112,282

Base Price Range $74.79 - $87.94, Weighted Average $82.76
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,433

Compared to Prior Day's closing weighted average (LM_HG200), 1.32 higher

Price Rng $62.00 - $65.00, Wtd Avg $64.05, 5 Day Rolling Avg $62.67
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 920

*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): 2,353

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

Iowa                 91,209               Illinois              22,072
Indiana              18,119               Kansas                 2,321
Kentucky                936               Michigan               5,604
Minnesota            41,894               Missouri               2,969
North Carolina       13,067               North Dakota             170
Nebraska             13,934               New York                 170
Ohio                 15,240               Oklahoma               2,740
Pennsylvania          2,831               South Carolina           180
South Dakota          6,377               Wisconsin                494
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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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