Eastern Cornbelt Daily Direct Hogs Afternoon
USDA - Wed Jun 12, 10:54AM CDT
LM_HG210
Des Moines, Iowa                Wed, Jun 12, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, June 12, 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                                9,436      9,436      8,690      3,488
Other Market Formula (Futures/Options)   10,890     10,890     36,217     16,085
Swine or Pork Market Formula             33,448     33,448     32,386     36,244
Other Purchase Arrangement               38,078     38,078     31,196     31,278
Negotiated Formula                          663        663      1,202      1,160
Packer Sold (all purchase types)         10,165     10,165     12,448      3,378
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,155

Compared to Prior Day's closing weighted average (LM_HG207), no comparision 

Base Price Rng $73.00 - $76.50, Wtd Avg $75.22, 5 Day Rolling Avg $75.38
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 160

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

Barrows & Gilts (carcass basis): 8,315

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          EASTERN 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

                             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   76.00  80.21   77.50  81.78   78.50  83.36   79.50  84.94   80.00  87.04
0.5   73.00  80.21   76.00  81.78   77.50  83.36   79.00  84.94   79.00  87.04
0.6   73.00  78.70   76.00  80.28   77.50  81.86   77.50  83.44   79.00  85.54
0.7   73.00  77.20   73.00  78.78   76.00  80.36   76.00  81.93   77.50  84.04
0.8   72.00  75.70   73.00  77.28   74.50  78.86   74.50  80.43   76.00  82.53
0.9   71.50  74.20   73.00  75.78   73.00  77.35   74.50  78.93   74.50  81.03
1.0   70.00  72.70   71.50  74.27   71.50  75.85   73.50  77.43   74.50  79.53
1.1   69.00  70.82   69.50  72.40   71.50  73.97   71.50  75.55   73.50  77.65
1.2   67.50  69.50   67.50  70.14   69.50  72.00   69.50  73.50   71.50  76.00
1.4   58.80  65.50   60.38  69.50   61.96  70.00   63.53  72.00   65.64  73.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.51          175#   -3.00  1.00          205#   -6.01  3.00
    155#   -30.00  0.00          185#    0.00  1.50          215#   -6.01  3.00
    165#   -15.00  0.00          195#   -1.50  3.00          225#   -6.01  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 195.86 lb carcass, 0.65 inch back-fat,
6.87 square inch loin/2.29 inch loin depth, FFLI: 52.86%

Price Range $76.00 - $81.93
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 35,241

Base Price Range $72.20 - $82.13, Weighted Average $78.29
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 446

Compared to Prior Day's closing weighted average (LM_HG207),  0.23 higher

Price Rng $56.00 - $60.50, Wtd Avg $58.80, 5 Day Rolling Avg $59.11
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 143

*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): 589

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

Illinois             26,797               Indiana               21,625
Kentucky              1,379               Maryland                 112
Michigan              9,032               Mississippi              264
North Carolina       14,536               New York                 167
Ohio                 14,326               Pennsylvania           3,632
South Carolina          360               Tennessee                640
Wisconsin             1,020
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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