National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Tue, Jun 11, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, June 11, 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                                7,929      7,929      6,641      8,829
Other Market Formula (Futures/Options)   30,284     30,284     37,168     59,200
Swine or Pork Market Formula            103,844    103,844    118,051    124,572
Other Purchase Arrangement               90,489     90,489     76,921    119,876
Negotiated Formula                          724        724      1,007      1,478
Packer Sold (all purchase types)         19,959     19,959     19,532      8,303
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,515

Compared to Prior Day's closing weighted average (LM_HG200),  0.60 higher

Base Price Rng $67.00 - $77.00, Wtd Avg $75.30, 5 Day Rolling Avg $75.77
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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): 11,675

*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   70.00  80.21   71.50  81.78   72.50  83.36   73.50  84.94   74.00  87.04
0.5   67.00  80.21   70.00  81.78   72.50  83.36   73.00  84.94   74.00  87.04
0.6   67.00  78.70   70.00  80.28   71.50  81.86   72.50  83.44   73.50  85.54
0.7   67.00  77.20   67.00  78.78   70.00  80.36   72.50  81.93   73.00  84.04
0.8   66.00  75.70   67.00  77.28   70.00  78.86   71.50  80.43   73.00  82.53
0.9   66.00  74.20   67.00  75.78   67.00  77.35   70.00  78.93   72.50  81.03
1.0   64.00  72.70   66.00  74.27   67.00  75.85   70.00  77.43   71.50  79.53
1.1   63.00  70.82   66.00  72.40   67.00  74.00   67.00  75.55   71.50  77.65
1.2   63.00  69.50   64.00  70.14   66.00  73.50   67.00  74.50   70.00  76.00
1.4   58.80  65.50   60.38  69.50   61.96  70.00   63.53  73.50   65.64  74.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -7.51          175#   -4.00  0.00          205#   -6.01  0.00
    155#   -27.75  0.00          185#   -1.00  0.00          215#   -6.01  0.00
    165#   -15.00  0.00          195#   -1.50  0.00          225#   -6.01  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 205.09 lb carcass, 0.71 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 51.97%

Price Range $72.50 - $81.93
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 110,812

Base Price Range $71.70 - $83.20, Weighted Average $77.50
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,281

Compared to Prior Day's closing weighted average (LM_HG200), 0.65 higher

Price Rng $56.00 - $61.15, Wtd Avg $59.26, 5 Day Rolling Avg $59.11
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 434

*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): 1,715

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

Canada                  220               Iowa                 109,699
Illinois             16,823               Indiana               19,385
Kansas                2,523               Kentucky               1,402
Michigan              7,305               Minnesota             41,212
Missouri              3,578               Montana                  401
North Carolina       14,228               Nebraska              11,817
Ohio                 13,669               Oklahoma               1,518
Pennsylvania          4,032               South Carolina           720
South Dakota          3,056               Wisconsin              1,641
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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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