National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Thu, Mar 14, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, March 14, 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                                8,014      8,014      6,134      7,229
Other Market Formula (Futures/Options)  155,788    155,788     39,857     32,238
Swine or Pork Market Formula            131,840    131,840    128,663    136,938
Other Purchase Arrangement               68,039     68,039     79,757     76,968
Negotiated Formula                        1,812      1,812        709      2,072
Packer Sold (all purchase types)         14,411     14,411     16,675      7,471
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,254

Compared to Prior Day's closing weighted average (LM_HG200),  1.08 higher

Base Price Rng $46.00 - $54.00, Wtd Avg $51.52, 5 Day Rolling Avg $49.17
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 485

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

Barrows & Gilts (carcass basis): 7,739

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
               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   49.00  55.26   50.50  56.76   51.50  57.76   52.50  58.26   53.00  58.26
0.5   46.00  54.76   49.00  55.76   51.50  56.76   52.00  57.76   53.00  58.26
0.6   46.00  53.76   49.00  54.76   50.50  55.76   51.50  56.76   52.50  57.76
0.7   46.00  52.76   46.00  53.76   49.00  55.26   51.50  55.76   52.00  57.26
0.8   45.00  52.01   46.00  52.76   49.00  53.76   50.50  55.26   52.00  56.76
0.9   45.00  50.26   46.00  52.01   46.00  52.76   49.00  54.26   51.50  55.26
1.0   43.00  48.76   45.00  50.26   46.00  52.01   49.00  52.76   50.50  54.26
1.1   42.00  47.21   45.00  48.76   46.00  50.26   46.00  52.01   50.50  53.51
1.2   42.00  46.26   43.00  46.76   45.00  48.76   46.00  50.26   48.50  52.76
1.4   38.50  40.50   40.25  46.26   41.30  46.26   42.35  47.00   43.75  50.26
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75 -5.01          175#   -3.00  0.00          205#   -4.00  0.00
    155#   -27.75  0.00          185#   -0.25  0.00          215#   -4.00  0.00
    165#   -15.00  0.00          195#   -1.00  0.00          225#   -4.00  0.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 201.38 lb carcass, 0.63 inch back-fat,
7.42 square inch loin/2.47 inch loin depth, FFLI: 53.45%

Price Range $51.50 - $56.76
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 135,591

Base Price Range $44.86 - $64.46, Weighted Average $54.19
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,329

Compared to Prior Day's closing weighted average (LM_HG200), 1.23 higher

Price Rng $36.00 - $41.50, Wtd Avg $40.33, 5 Day Rolling Avg $37.75
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,189

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

Barrows & Gilts (live basis, 240-320 lbs): 2,518

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

Canada                  399               Delaware                  67
Georgia                 345               Iowa                 140,547
Illinois             34,624               Indiana               33,552
Kansas                6,320               Kentucky               1,512
Maryland                160               Michigan              12,309
Minnesota            53,169               Missouri               4,072
North Carolina       15,110               North Dakota             170
Nebraska              9,433               New York                 517
Ohio                 54,244               Oklahoma               1,888
Pennsylvania          3,876               South Carolina           540
South Dakota          3,900               Tennessee              2,447
Wisconsin               703
--------------------------------------------------------------------------------
*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

1500C



.