National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Fri, Nov 08, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, November 8, 2019
(Includes information from 1:30 PM to 9:30 AM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                7,170      5,352      3,678      7,890
Other Market Formula (Futures/Options)   52,564     50,214     21,680     20,316
Swine or Pork Market Formula             96,971     87,003     88,636    101,097
Other Purchase Arrangement               52,045     47,565     56,177     68,760
Negotiated Formula                          564        164          0      1,071
Packer Sold (all purchase types)         15,166     15,166     15,451      4,780
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,920

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

Base Price Rng $41.00 - $46.00, Wtd Avg $45.24, 5 Day Rolling Avg $46.24
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
--------------------------------------------------------------------------------
        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,920

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
               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   44.00  49.12   45.50  50.50   46.50  51.50   47.50  52.50   48.00  53.30
0.5   41.00  49.12   44.00  50.08   46.50  51.50   47.00  52.01   48.00  53.30
0.6   41.00  48.20   44.00  49.16   45.50  50.50   46.50  51.50   47.50  52.50
0.7   41.00  47.28   41.00  48.24   44.00  49.21   46.50  51.50   47.00  52.00
0.8   40.00  46.36   41.00  47.32   44.00  49.00   45.50  50.50   47.00  52.00
0.9   40.00  45.44   41.00  46.40   41.00  47.37   44.00  49.00   46.50  51.50
1.0   38.00  44.52   40.00  45.48   41.00  46.45   44.00  49.00   45.50  50.50
1.1   37.00  43.37   40.00  45.00   41.00  46.00   41.00  46.27   45.50  50.50
1.2   37.00  42.00   38.00  43.00   40.00  45.00   41.00  46.00   44.00  49.00
1.4   33.00  38.50   36.98  42.00   37.94  43.00   38.91  45.00   40.20  46.00
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75 -4.60          175#   -1.75  0.00          205#   -3.68  0.00
    155#   -27.75  0.00          185#   -0.25  0.00          215#   -3.68  0.00
    165#   -15.00  0.00          195#   -0.92  0.00          225#   -3.68  0.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 207.89 lb carcass, 0.64 inch back-fat,
7.51 square inch loin/2.50 inch loin depth, FFLI: 53.28%

Price Range $46.50 - $51.50
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 94,966

Base Price Range $41.99 - $76.44, Weighted Average $58.37
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,335

Compared to Prior Day's closing weighted average (LM_HG200), 0.21 lower

Base Price Rng $33.50 - $38.00, Wtd Avg $36.52, 5 Day Rolling Avg $38.11
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 164

*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): 1,499

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

Delaware                 42               Iowa                  61,545
Illinois             36,493               Indiana               14,932
Kansas                3,650               Kentucky                 180
Michigan              4,851               Minnesota             35,562
Missouri              3,403               North Carolina        13,845
Nebraska             12,108               Ohio                   8,123
Oklahoma              3,296               Pennsylvania           2,052
South Carolina          900               South Dakota           4,016
Wisconsin               466
--------------------------------------------------------------------------------
*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

1100C



.