National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Wed, Oct 16, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
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                               17,067     17,067     15,688     12,654
Other Market Formula (Futures/Options)   59,319     59,319     56,331     44,864
Swine or Pork Market Formula            105,758    105,758    114,968    135,525
Other Purchase Arrangement               85,681     85,681    101,662     85,816
Negotiated Formula                          660        660        493        978
Packer Sold (all purchase types)         16,797     16,797     19,302     11,563
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 15,619

Compared to Prior Day's closing weighted average (LM_HG200),  0.40 lower

Base Price Rng $51.00 - $62.00, Wtd Avg $58.82, 5 Day Rolling Avg $57.99
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 660

*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): 16,279

*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   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: 204.18 lb carcass, 0.70 inch back-fat,
7.08 square inch loin/2.36 inch loin depth, FFLI: 52.14%

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

Barrows & Gilts (carcass basis): 110,439

Base Price Range $53.59 - $77.56, Weighted Average $64.23
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 969

Compared to Prior Day's closing weighted average (LM_HG200), 0.01 lower

Price Rng $41.78 - $48.50, Wtd Avg $44.98, 5 Day Rolling Avg $42.85
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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): 969

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

Canada                1,062               Georgia                  165
Iowa                 93,993               Illinois              26,106
Indiana              28,312               Kansas                 2,887
Kentucky                724               Maryland                 335
Michigan             11,061               Minnesota             40,362
Missouri              3,189               Mississippi              394
Montana                 447               North Carolina        14,998
North Dakota            175               Nebraska              12,325
New York                335               Ohio                  32,005
Oklahoma              3,339               Pennsylvania           3,589
South Carolina        1,080               South Dakota           7,548
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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