Western Cornbelt Daily Direct Hogs Morning
USDA - Wed Jun 12, 6:57AM CDT
LM_HG211
Des Moines, Iowa                Wed, Jun 12, 2019               USDA Market News

WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, June 12, 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                                2,939        852      1,037      2,903
Other Market Formula (Futures/Options)   22,915     22,599     17,313     12,052
Swine or Pork Market Formula             73,586     69,092     62,311     61,524
Other Purchase Arrangement               49,625     48,459     30,989     41,375
Negotiated Formula                            0          0          0         75
Packer Sold (all purchase types)          3,845      3,845      1,380      3,141
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,227

Compared to Prior Day's closing weighted average (LM_HG208), 0.62 lower

Base Price Rng $67.00 - $77.00, Wtd Avg $74.64, 5 Day Rolling Avg $75.47
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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): 3,227

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          WESTERN CORNBELT 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 -10.00        175#   -1.75 -1.00          205#    0.00  2.00
   155#    -27.75 -10.00        185#   -0.25  2.00          215#   -0.25  2.00
   165#    -15.00  -3.37        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): 70,193

Base Price Range $72.71 - $82.01, Weighted Average $77.53
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 65

*Price not reported due to confidentiality* 5 Day Rolling Avg $60.05
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 139

*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): 204

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

Iowa                 90,008               Kansas                 2,113
Minnesota            38,054               Missouri               3,244
Nebraska             12,638               South Dakota           5,119
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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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