Eastern Cornbelt Daily Direct Prior Day Purchased Swine
LM_HG207
Des Moines, Iowa                Thu, Oct 17, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 16, 2019

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               11,179           4,519          4,539
  Other Market Formula (Futures/Options)   33,804          15,622         14,187
  Swine or Pork Market Formula             32,146          30,722         36,256
  Other Purchase Arrangement               28,929          37,092         35,286
  Negotiated Formula                          470             330            487
Packer Sold (all purchase types)           10,763           8,509            315
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                NEGOTIATED     OTHER      SWINE     OTHER  NEGOTIATED    TOTALS/
                              MARKET    OR PORK  PURCHASE     FORMULA    WTD AVG
                             FORMULA     MARKET  ARRGMENT
                           (FUT/OPT)**  FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count        10,448    32,254     26,468     27,757        330     97,257
  Base Price         58.44     77.69      63.59      69.67          *      69.23
Packer Sold
  Head Count                                                              10,763
  Base Price								       *
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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 $--
----------------------------------------------------------------------------------
    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: 194.10 lb carcass, 0.56 inch back-fat,
6.72 square inch loin/2.24 inch loin depth, FFLI: 54.22%

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

Barrows & Gilts (carcass basis): 34,851

Base Price Range $54.28 - $77.22, Weighted Average $63.71
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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), 0.53 higher

Wtd Avg $45.51,
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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              20,333
Indiana              29,350             Kentucky                 554
Maryland                175             Michigan              11,867
Mississippi               1             North Carolina        15,712
New York                110             Ohio                  33,230
Pennsylvania          4,543             South Carolina           720
Wisconsin               531
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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.

** Futures/Options

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
0800C      www.ams.usda.gov/market-news/livestock-poultry-grain



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