Iowa/Minnesota Daily Direct Hogs Afternoon
LM_HG206
Des Moines, Iowa                Wed, Oct 16, 2019               USDA Market News

IOWA/MINNESOTA 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                                4,481      4,481      9,618      4,933
Other Market Formula (Futures/Options)   17,956     17,956     16,758     24,663
Swine or Pork Market Formula             57,287     57,287     63,787     70,285
Other Purchase Arrangement               34,297     34,297     49,174     31,698
Negotiated Formula                            0          0          0          0
Packer Sold (all purchase types)            775        775      5,725      5,903
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

Compared to Prior Day's closing weighted average (LM_HG204), 0.47 higher

Wtd Avg $60.35,
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):                       

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

Barrows & Gilts (carcass basis):

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
           IOWA/MINNESOTA 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

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00-10.44          175#   -4.00  0.00          205#    0.00  0.00
    155#   -27.75 -5.80          185#   -1.00  0.00          215#   -0.25  0.00
    165#   -15.00 -3.48          195#   -0.50  0.00          225#   -2.25  0.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 63,884

Base Price Range $53.59 - $73.17, Weighted Average $64.94
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

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

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

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

*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):

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

Iowa                 93,993               Minnesota             40,362
--------------------------------------------------------------------------------
*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