National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Fri, Mar 15, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, March 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                                6,879      4,927      3,428      5,813
Other Market Formula (Futures/Options)  104,592     99,569     29,723     19,871
Swine or Pork Market Formula            113,240    104,510     90,965     99,396
Other Purchase Arrangement               47,798     41,162     56,832     64,729
Negotiated Formula                          679        679      1,325      1,741
Packer Sold (all purchase types)         12,747     12,747     14,586      4,242
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,280

Compared to Prior Day's closing weighted average (LM_HG200),  1.63 higher

Base Price Rng $48.00 - $56.00, Wtd Avg $53.16, 5 Day Rolling Avg $50.26
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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): 4,280

*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   51.00  57.50   52.50  58.50   53.50  59.50   54.50  58.14   55.00  59.58
0.5   48.00  57.00   51.00  57.50   52.00  59.50   53.50  58.14   53.50  59.58
0.6   48.00  56.50   50.50  57.00   52.00  58.50   52.00  59.50   53.50  58.56
0.7   48.00  56.00   48.00  56.50   50.50  57.50   50.50  59.50   52.00  58.00
0.8   47.00  55.50   48.00  56.00   49.00  57.00   49.00  58.50   50.50  59.50
0.9   46.00  55.00   48.00  55.50   48.00  56.50   49.00  57.50   49.00  59.50
1.0   45.00  53.00   46.00  55.00   46.00  56.00   48.00  57.00   49.00  58.50
1.1   44.00  51.00   44.00  53.00   46.00  55.50   46.00  56.50   48.00  57.50
1.2   42.00  48.00   42.00  51.00   44.00  55.00   44.00  56.00   46.00  57.00
1.4   36.00  43.00   39.00  48.00   39.00  51.00   42.00  55.00   42.00  56.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.14          175#   -4.00  0.00          205#   -4.11  0.00
    155#   -19.00  0.00          185#   -1.00  0.00          215#   -4.11  0.00
    165#    -9.00  0.00          195#   -1.03  0.00          225#   -4.11  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 202.12 lb carcass, 0.64 inch back-fat,
7.42 square inch loin/2.47 inch loin depth, FFLI: 53.29%

Price Range $52.00 - $59.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 108,995

Base Price Range $47.20 - $64.53, Weighted Average $56.43
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,387

Compared to Prior Day's closing weighted average (LM_HG200), 0.18 lower

Price Rng $30.50 - $42.50, Wtd Avg $39.88, 5 Day Rolling Avg $38.99
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 986

*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): 2,373

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

Canada                  351               Iowa                  75,704
Illinois             32,683               Indiana               13,644
Kansas                5,228               Kentucky                 375
Michigan              5,302               Minnesota             46,659
Missouri              3,667               Montana                  215
North Carolina       10,643               Nebraska               7,051
Ohio                 51,719               Oklahoma               2,026
Pennsylvania          1,958               South Carolina           900
South Dakota          3,933               Tennessee              1,291
Wisconsin               165
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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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