Eastern Cornbelt Daily Direct Hogs Afternoon
LM_HG210
Des Moines, Iowa                Wed, Oct 16, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 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                               12,413     12,413      5,170      6,413
Other Market Formula (Futures/Options)   33,333     33,333     29,584     14,325
Swine or Pork Market Formula             31,597     31,597     33,852     39,985
Other Purchase Arrangement               34,802     34,802     35,672     36,362
Negotiated Formula                          660        660        493        978
Packer Sold (all purchase types)         13,647     13,647     10,756      3,555
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

Compared to Prior Day's closing weighted average (LM_HG207),  1.74 higher

Wtd Avg $58.42,
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

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

Barrows & Gilts (carcass basis):

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          EASTERN CORNBELT 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   54.00  62.50   55.50  64.00   56.50  65.00   57.50  65.50   58.00  66.35
0.5   51.00  62.00   54.00  63.00   56.50  64.00   57.00  65.00   58.00  66.35
0.6   51.00  61.00   54.00  62.00   55.50  63.00   56.50  64.00   57.50  65.21
0.7   51.00  60.50   51.00  61.00   54.00  62.50   56.50  64.00   57.00  64.50
0.8   50.00  60.00   51.00  60.50   54.00  61.50   55.50  63.00   57.00  64.00
0.9   50.00  59.50   51.00  60.00   51.00  61.00   54.00  62.00   56.50  64.00
1.0   48.00  57.50   50.00  59.50   51.00  60.50   54.00  61.50   55.50  63.00
1.1   47.00  55.50   50.00  57.50   51.00  60.00   51.00  61.00   55.50  62.00
1.2   47.00  53.50   48.00  55.50   50.00  59.50   51.00  60.50   54.00  61.50
1.4   43.50  48.75   46.03  53.50   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: 192.58 lb carcass, 0.55 inch back-fat,
6.69 square inch loin/2.23 inch loin depth, FFLI: 54.39%

Price Range $56.50 - $64.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 33,652

Base Price Range $54.28 - $77.56, Weighted Average $63.26
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                   NEGOTIATED PURCHASE (Including Packer Sold)

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

Compared to Prior Day's closing weighted average (LM_HG207),  0.20 higher

Wtd Avg $45.18,
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

*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):

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

Georgia                 165               Illinois              26,106
Indiana              28,312               Kentucky                 724
Maryland                335               Michigan              11,061
Mississippi             394               North Carolina        14,998
New York                335               Ohio                  32,005
Pennsylvania          3,589               South Carolina         1,080
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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