National Daily Direct Hogs Afternoon
USDA - Wed Mar 20, 2:57PM CDT
LM_HG203
Des Moines, Iowa                Wed, Mar 20, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, March 20, 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                                8,844      8,844     12,614     10,163
Other Market Formula (Futures/Options)  125,172    125,172     48,409     36,589
Swine or Pork Market Formula            134,888    134,888    115,411    132,373
Other Purchase Arrangement               80,938     80,938     87,717     77,325
Negotiated Formula                        1,252      1,252      1,798      1,617
Packer Sold (all purchase types)         16,525     16,525     13,404      9,393
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,853

Compared to Prior Day's closing weighted average (LM_HG200),  2.79 higher

Base Price Rng $54.00 - $64.00, Wtd Avg $60.38, 5 Day Rolling Avg $56.08
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 165

*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): 10,018

*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   57.00  66.00   58.50  67.50   59.50  67.50   60.50  69.00   61.00  69.00
0.5   54.00  64.50   57.00  66.00   59.50  66.00   60.00  67.50   61.00  67.50
0.6   54.00  64.50   57.00  64.50   58.50  66.00   59.50  66.00   60.50  67.50
0.7   54.00  63.00   54.00  63.00   57.00  64.50   59.00  64.50   60.00  66.00
0.8   53.00  62.00   54.00  63.00   57.00  63.00   57.50  63.00   59.00  64.50
0.9   53.00  60.00   54.00  62.00   54.00  62.00   57.00  63.00   57.50  63.00
1.0   51.00  60.00   53.00  60.00   54.00  60.00   56.50  62.00   57.50  63.00
1.1   50.00  58.00   52.50  58.00   54.00  60.00   54.00  60.00   56.50  62.00
1.2   50.00  56.00   50.50  56.00   52.50  58.00   52.50  58.00   54.50  60.50
1.4   44.50  50.00   46.50  53.50   47.50  54.50   48.92  56.50   50.50  57.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.78          175#   -3.00  1.00          205#   -4.63  3.00
    155#   -30.00  0.00          185#   -0.25  2.00          215#   -4.63  3.00
    165#   -15.00  0.00          195#   -1.16  3.00          225#   -4.63  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 201.59 lb carcass, 0.63 inch back-fat,
7.17 square inch loin/2.39 inch loin depth, FFLI: 53.30%

Price Range $59.50 - $66.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 140,310

Base Price Range $50.20 - $70.43, Weighted Average $59.57
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 360

Compared to Prior Day's closing weighted average (LM_HG200), 0.70 higher

Price Rng $40.00 - $47.35, Wtd Avg $43.88, 5 Day Rolling Avg $41.34
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,087

*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): 1,447

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

Canada                  320               Iowa                 123,474
Illinois             22,971               Indiana               37,819
Kansas                3,060               Kentucky                 515
Michigan              9,861               Minnesota             72,817
Missouri              3,772               Mississippi              544
Montana                 443               North Carolina        14,152
Nebraska             15,483               New York                 333
Ohio                 42,484               Oklahoma               2,695
Pennsylvania          3,441               South Carolina           180
South Dakota          7,808               Utah                     144
Wisconsin             5,303
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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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