National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Wed, Oct 16, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 16, 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                               10,606      8,454      5,312      7,245
Other Market Formula (Futures/Options)   53,073     50,730     43,507     24,251
Swine or Pork Market Formula             90,211     82,126     89,813     98,415
Other Purchase Arrangement               73,822     63,395     71,056     62,454
Negotiated Formula                          500        330        163        978
Packer Sold (all purchase types)         14,412     14,412     16,392      7,823
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,572

Compared to Prior Day's closing weighted average (LM_HG200),  1.17 lower

Base Price Rng $54.00 - $61.00, Wtd Avg $58.05, 5 Day Rolling Avg $57.16
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 330

*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): 7,902

*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   57.00  62.00   58.50  63.00   59.50  64.00   60.50  64.75   61.00  66.35
0.5   54.00  61.50   57.00  62.35   59.50  64.00   60.00  64.75   61.00  66.35
0.6   54.00  61.00   57.00  61.50   58.50  63.00   59.50  64.00   60.50  65.21
0.7   54.00  60.50   54.00  61.00   57.00  62.00   59.50  64.00   60.00  64.06
0.8   53.00  60.00   54.00  60.50   57.00  61.50   58.50  63.00   60.00  64.00
0.9   53.00  59.50   54.00  60.00   54.00  61.00   57.00  62.00   59.50  64.00
1.0   51.00  57.50   53.00  59.50   54.00  60.50   57.00  61.50   58.50  63.00
1.1   50.00  55.50   53.00  57.50   54.00  60.00   54.00  61.00   58.25  62.00
1.2   50.00  52.50   51.00  55.50   53.00  59.50   54.00  60.50   57.00  61.50
1.4   44.83  48.75   46.03  52.50   47.23  55.50   48.43  59.50   50.04  60.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.73          175#   -4.00  1.00          205#   -4.58  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -4.58  3.00
    165#   -15.00  0.00          195#   -1.15  3.00          225#   -4.58  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.18 lb carcass, 0.70 inch back-fat,
7.08 square inch loin/2.36 inch loin depth, FFLI: 52.14%

Price Range $59.50 - $64.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 89,335

Base Price Range $53.59 - $77.56, Weighted Average $65.15
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 551

Compared to Prior Day's closing weighted average (LM_HG200), 0.63 lower

Price Rng $41.78 - $48.00, Wtd Avg $44.36, 5 Day Rolling Avg $42.20
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 0           5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 551

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

Canada                1,062               Iowa                  74,709
Illinois             19,333               Indiana               14,698
Kansas                2,712               Kentucky                 724
Maryland                160               Michigan               6,226
Minnesota            34,849               Missouri               2,984
Mississippi             393               Montana                  447
North Carolina       14,602               North Dakota             175
Nebraska             10,555               New York                 335
Ohio                 24,610               Oklahoma               3,153
Pennsylvania          1,711               South Carolina         1,080
South Dakota          4,078               Wisconsin                851
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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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