National Daily Direct Hogs Afternoon
USDA - Fri Aug 23, 10:43AM CDT
LM_HG203
Des Moines, Iowa                Fri, Aug 23, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, August 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                               12,088     12,088      7,506      9,808
Other Market Formula (Futures/Options)   36,115     36,115    180,301     35,474
Swine or Pork Market Formula            125,190    125,190    124,677    158,383
Other Purchase Arrangement               90,458     90,458     82,652    106,917
Negotiated Formula                          538        538        812        871
Packer Sold (all purchase types)         14,952     14,952     16,734      6,570
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 13,468

Compared to Prior Day's closing weighted average (LM_HG200),  1.57 lower

Base Price Rng $55.00 - $70.00, Wtd Avg $64.55, 5 Day Rolling Avg $67.42
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 370

*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): 13,838

*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   58.00  69.08   59.50  70.50   60.50  71.79   61.50  73.15   62.00  74.96
0.5   55.00  69.08   58.00  70.44   60.50  71.79   61.00  73.15   62.00  74.96
0.6   55.00  67.78   58.00  69.14   59.50  70.50   60.50  71.86   61.50  73.67
0.7   55.00  66.49   55.00  67.85   58.00  69.21   60.50  71.50   61.00  72.38
0.8   54.00  65.20   55.00  66.56   58.00  69.00   59.50  70.50   61.00  72.00
0.9   54.00  65.00   55.00  66.00   55.00  66.62   58.00  69.00   60.50  71.50
1.0   52.00  63.00   54.00  65.00   55.00  66.00   58.00  69.00   59.50  70.50
1.1   51.00  62.00   54.00  65.00   55.00  66.00   55.00  66.00   59.50  70.50
1.2   51.00  62.00   52.00  63.00   54.00  65.00   55.00  66.00   58.00  69.00
1.4   47.50  58.50   51.00  62.00   52.00  63.00   54.00  65.00   55.00  66.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -6.47          175#   -3.00  1.00          205#   -5.17  3.00
    155#   -30.00  0.00          185#   -0.25  2.00          215#   -5.17  3.00
    165#   -15.00  0.00          195#   -1.29  3.00          225#   -5.17  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 199.57 lb carcass, 0.67 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.66%

Price Range $60.50 - $71.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 128,269

Base Price Range $63.26 - $81.54, Weighted Average $71.53
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 674

Compared to Prior Day's closing weighted average (LM_HG200), 3.12 lower

Price Rng $45.50 - $53.35, Wtd Avg $48.98, 5 Day Rolling Avg $53.21
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 168

*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): 842

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

Canada                  726               Iowa                  98,778
Illinois             27,507               Indiana               16,171
Kansas                3,580               Kentucky               1,644
Michigan              7,841               Minnesota             49,227
Missouri              4,080               Montana                  213
North Carolina       14,817               North Dakota             195
Nebraska             15,604               Ohio                  20,409
Oklahoma              3,209               Pennsylvania           4,261
South Dakota         10,436               Tennessee                231
Wisconsin               454
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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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