Iowa/Minnesota Daily Direct Hogs Afternoon
USDA - Wed Jan 23, 2:56PM CST
LM_HG206
Des Moines, Iowa                Wed, Jan 23, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, January 23, 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                                6,154      6,154      5,465     11,100
Other Market Formula (Futures/Options)   13,108     13,108     16,167     14,210
Swine or Pork Market Formula             79,958     79,958     76,848     64,913
Other Purchase Arrangement               20,757     20,757     22,840     23,817
Negotiated Formula                            0          0          0        165
Packer Sold (all purchase types)          3,842      3,842      5,012      3,175
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,161

Compared to Prior Day's closing weighted average (LM_HG204), 0.52 higher

Base Price Rng $49.25 - $53.50, Wtd Avg $52.81, 5 Day Rolling Avg $52.71
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (carcass basis): 6,161

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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

*Price not reported due to confidentiality*
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75 -9.54          175#   -3.00  0.00          205#    0.00  2.00
    155#   -27.75 -5.30          185#   -0.25  2.00          215#   -0.25  2.00
    165#   -15.00 -3.18          195#    0.00  2.00          225#   -2.25  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 87,557

Base Price Range $50.64 - $65.93, Weighted Average $56.87
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 580

Compared to Prior Day's closing weighted average (LM_HG204), no comparision 

Price Rng $38.25 - $41.95, Wtd Avg $40.45, 5 Day Rolling Avg $40.45
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,182

*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): 1,762

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

Iowa                 93,547               Minnesota             48,972
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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

1500C