National Daily Direct Hogs Afternoon
USDA - Wed Jan 23, 2:56PM CST
LM_HG203
Des Moines, Iowa                Wed, Jan 23, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
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                               11,702     11,702     11,079     18,925
Other Market Formula (Futures/Options)   31,513     31,513     38,205     34,821
Swine or Pork Market Formula            141,613    141,613    140,108    126,252
Other Purchase Arrangement               74,113     74,113     82,528     72,348
Negotiated Formula                        1,682      1,682      1,469      1,799
Packer Sold (all purchase types)          7,116      7,116      8,433      9,036
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 10,276

Compared to Prior Day's closing weighted average (LM_HG200),  0.40 higher

Base Price Rng $48.00 - $53.50, Wtd Avg $52.49, 5 Day Rolling Avg $52.13
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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): 10,441

*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   51.00  55.74   52.50  56.83   53.50  57.93   54.50  59.03   55.00  60.49
0.5   48.00  55.74   51.00  56.83   53.00  57.93   54.00  59.03   54.50  60.49
0.6   48.00  54.70   51.00  55.79   52.50  56.89   53.00  57.98   54.50  59.44
0.7   48.00  53.65   48.00  54.75   51.00  55.84   51.50  56.94   53.00  58.40
0.8   47.00  52.61   48.00  53.70   50.00  54.80   50.00  55.90   51.50  57.36
0.9   47.00  51.56   48.00  52.66   48.00  53.76   50.00  54.85   50.00  56.31
1.0   45.00  50.52   47.00  51.62   47.00  52.71   49.00  53.81   50.00  55.27
1.1   44.00  49.22   45.00  50.31   47.00  51.41   47.00  52.50   49.00  53.96
1.2   43.00  47.65   43.00  48.75   45.00  49.84   45.00  50.94   47.00  52.40
1.4   37.00  41.50   40.00  45.00   40.00  46.00   43.00  48.00   43.00  49.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.22          175#   -3.00  1.00          205#   -4.18  3.00
    155#   -30.00  0.00          185#   -0.25  2.00          215#   -4.18  3.00
    165#   -15.00  0.00          195#   -1.04  3.00          225#   -4.18  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 206.11 lb carcass, 0.64 inch back-fat,
7.27 square inch loin/2.42 inch loin depth, FFLI: 53.15%

Price Range $53.00 - $57.98
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 139,824

Base Price Range $50.64 - $66.15, Weighted Average $56.78
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 838

Compared to Prior Day's closing weighted average (LM_HG200), no comparison

Price Rng $38.00 - $43.50, Wtd Avg $40.17, 5 Day Rolling Avg $39.71
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,548

*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): 2,386

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

Canada                  631               Georgia                  180
Iowa                 93,547               Illinois              22,626
Indiana              19,002               Kansas                 2,405
Kentucky              1,503               Michigan               8,535
Minnesota            48,972               Missouri               3,259
Mississippi             284               Montana                  444
North Carolina       15,833               North Dakota             254
Nebraska             15,537               New York                 339
Ohio                 18,374               Oklahoma               2,148
Pennsylvania          3,643               South Carolina           540
South Dakota          7,814               Tennessee                964
Virginia                130               Wisconsin                655
West Virginia           120
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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



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