National Daily Direct Prior Purchased Swine
LM_HG200
Des Moines, Iowa                Thu, Oct 17, 2019               USDA Market News

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
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                               15,806          15,621         10,473
  Other Market Formula (Futures/Options)   60,861          43,034         42,932
  Swine or Pork Market Formula            116,353         115,109        135,332
  Other Purchase Arrangement               90,533         100,255         84,716
  Negotiated Formula                          470             330            978
Packer Sold (all purchase types)           19,159          19,693         11,177
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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        14,499    59,311     109,465      85,982        330  269,587
  Base Price         58.71     74.15       64.29       67.07          *    66.97
Packer Sold
  Head Count                                                              19,089
  Base Price                                                               63.62
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   14,799

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 3.33 lower to 1.16 higher, market not well established. Active
market with good demand.

Compared to Prior Day's closing weighted average (LM_HG200),   0.54 lower

Base Price Rng $51.00 - $62.00, Wtd Avg $58.68, 5 Day Rolling Avg $58.03
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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 FORMULA PURCHASES (Including Packer Sold)

Barrows & Gilts (carcass basis):   15,129

*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: 204.70 lb carcass, 0.69 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.31%

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

Barrows & Gilts (carcass basis): 122,123

Base Price Range $53.59 - $77.22, Weighted Average $64.17
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 850

Compared to Prior Day's closing weighted average (LM_HG200),  0.02 lower

Price Rng $38.75 - $48.50, Wtd Avg $44.97, 5 Day Rolling Avg $42.96
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 140

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

Barrows & Gilts (live basis, 240-320 lbs): 990

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

Canada                  907             Georgia                  165
Iowa                108,832             Illinois              20,333
Indiana              29,350             Kansas                 2,937
Kentucky                554             Maryland                 175
Michigan             11,867             Minnesota             44,008
Missouri              2,933             Mississippi                1
Montana                 447             North Carolina        15,712
Nebraska             13,832             New York                 110
Ohio                 33,230             Oklahoma               3,651
Pennsylvania          4,543             South Carolina           720
South Dakota          8,344             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
           www.ams.usda.gov/market-news/livestock-poultry-grain
0800C

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