National Daily Direct Hogs Afternoon
USDA - Wed Jun 12, 10:54AM CDT
LM_HG203
Des Moines, Iowa                Wed, Jun 12, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
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                               14,420     14,420     12,605      9,460
Other Market Formula (Futures/Options)   41,477     41,477     84,691     43,557
Swine or Pork Market Formula            125,220    125,220    117,763    121,916
Other Purchase Arrangement               96,451     96,451     71,059     78,418
Negotiated Formula                          663        663      1,202      1,235
Packer Sold (all purchase types)         22,116     22,116     21,450     10,198
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 21,219

Compared to Prior Day's closing weighted average (LM_HG200),  0.83 higher

Base Price Rng $67.00 - $78.00, Wtd Avg $76.03, 5 Day Rolling Avg $75.68
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 21,379

*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   70.00  80.21   71.50  81.78   72.50  83.36   73.50  84.94   74.00  87.04
0.5   67.00  80.21   70.00  81.78   72.50  83.36   73.00  84.94   74.00  87.04
0.6   67.00  78.70   70.00  80.28   71.50  81.86   72.50  83.44   73.50  85.54
0.7   67.00  77.20   67.00  78.78   70.00  80.36   72.50  81.93   73.00  84.04
0.8   66.00  75.70   67.00  77.28   70.00  78.86   71.50  80.43   73.00  82.53
0.9   66.00  74.20   67.00  75.78   67.00  77.35   70.00  78.93   72.50  81.03
1.0   64.00  72.70   66.00  74.27   67.00  75.85   70.00  77.43   71.50  79.53
1.1   63.00  70.82   66.00  72.40   67.00  73.97   67.00  75.55   71.50  77.65
1.2   63.00  69.50   64.00  70.14   66.00  72.00   67.00  73.50   70.00  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#   -3.25  1.00          205#   -6.01  3.00
    155#   -30.00  0.00          185#   -1.50  2.00          215#   -6.01  3.00
    165#   -15.00  0.00          195#   -1.50  3.00          225#   -6.01  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.60 lb carcass, 0.71 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 51.97%

Price Range $72.50 - $81.93
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 129,422

Base Price Range $71.87 - $82.91, Weighted Average $77.42
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 511

Compared to Prior Day's closing weighted average (LM_HG200), 0.08 lower

Price Rng $56.00 - $60.50, Wtd Avg $58.53, 5 Day Rolling Avg $59.10
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 328

*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): 839

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

Canada                  416               Iowa                 125,720
Illinois             26,797               Indiana               21,625
Kansas                2,113               Kentucky               1,379
Maryland                112               Michigan               9,032
Minnesota            47,371               Missouri               3,574
Mississippi             264               Montana                  439
North Carolina       14,536               North Dakota             175
Nebraska             15,121               New York                 167
Ohio                 14,326               Oklahoma               2,004
Pennsylvania          3,632               South Carolina           360
South Dakota          9,524               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

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