National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Tue, Feb 12, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 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                               17,239     17,239      8,710     17,111
Other Market Formula (Futures/Options)   45,973     45,973     49,206     28,858
Swine or Pork Market Formula            136,204    136,204    135,609    137,368
Other Purchase Arrangement               66,179     66,179     74,183     79,298
Negotiated Formula                        1,200      1,200      1,878      1,140
Packer Sold (all purchase types)          8,122      8,122      7,243     10,183
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 16,515

Compared to Prior Day's closing weighted average (LM_HG200),  0.69 lower

Base Price Rng $45.00 - $49.45, Wtd Avg $48.19, 5 Day Rolling Avg $48.92
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 470

*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): 16,985

*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   48.00  52.81   49.00  53.85   50.00  54.89   48.50  55.93   48.50  57.31
0.5   45.00  52.81   48.00  53.85   50.00  54.89   48.50  55.93   48.50  57.31
0.6   45.00  51.82   47.50  52.86   49.00  53.90   50.00  54.94   48.50  56.32
0.7   45.00  50.83   45.00  51.87   48.00  52.91   50.00  54.50   48.50  55.33
0.8   44.00  49.85   45.00  50.88   47.50  52.00   49.00  53.50   50.00  55.00
0.9   44.00  48.86   45.00  49.90   45.00  50.93   48.00  52.00   50.00  54.50
1.0   42.00  47.87   44.00  48.91   45.00  49.94   47.50  52.00   49.00  53.50
1.1   41.00  46.63   43.50  48.00   45.00  49.00   45.00  49.75   48.00  53.50
1.2   38.50  45.15   41.50  46.19   44.00  48.00   45.00  49.00   47.50  52.00
1.4   33.50  41.50   38.50  45.00   40.80  46.00   41.83  48.00   43.22  49.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.95          175#   -4.00  1.00          205#   -3.96  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -3.96  3.00
    165#   -15.00  0.00          195#   -0.99  3.00          225#   -3.96  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.61 lb carcass, 0.60 inch back-fat,
7.39 square inch loin/2.46 inch loin depth, FFLI: 53.87%

Price Range $50.00 - $54.94
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 135,743

Base Price Range $46.47 - $62.19, Weighted Average $53.57
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 506

Compared to Prior Day's closing weighted average (LM_HG200), 0.93 higher

Price Rng $35.50 - $40.50, Wtd Avg $39.24, 5 Day Rolling Avg $38.90
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,012

*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): 1,518

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

Canada                1,338               Iowa                 106,615
Illinois             23,306               Indiana               17,351
Kansas                2,058               Kentucky               1,584
Michigan              7,805               Minnesota             48,951
Missouri              3,065               Mississippi              268
Montana                 431               North Carolina        12,973
North Dakota            175               Nebraska              17,131
Ohio                 14,844               Oklahoma               1,835
Pennsylvania          4,738               South Carolina           180
South Dakota          7,382               Tennessee              2,251
Wisconsin               636
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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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