National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Wed, Sep 11, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, September 11, 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                               12,613     12,613     10,954     11,322
Other Market Formula (Futures/Options)   40,279     40,279     36,476     39,036
Swine or Pork Market Formula            109,333    109,333    110,308    131,052
Other Purchase Arrangement               93,937     93,937    102,700     86,777
Negotiated Formula                          692        692        165        919
Packer Sold (all purchase types)         16,091     16,091     14,022     10,479
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 12,222

Compared to Prior Day's closing weighted average (LM_HG200),  1.50 lower

Base Price Rng $44.00 - $54.00, Wtd Avg $47.27, 5 Day Rolling Avg $50.00
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 485

*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): 12,707

*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   47.00  51.32   48.50  52.33   49.50  53.34   49.00  54.34   49.00  55.69
0.5   44.00  51.32   47.00  52.33   48.00  53.34   49.00  54.34   49.00  55.69
0.6   44.00  50.36   46.50  51.37   48.00  52.37   48.00  53.38   49.00  54.73
0.7   44.00  49.40   44.00  50.40   46.50  51.41   46.50  52.42   48.00  53.77
0.8   43.00  48.43   44.00  49.44   45.00  50.45   45.00  51.46   46.50  52.81
0.9   42.00  47.47   44.00  48.48   44.00  49.49   45.00  50.50   45.00  51.85
1.0   41.00  46.51   42.00  47.52   42.00  48.53   44.00  49.54   45.00  50.89
1.1   40.00  45.31   40.00  46.32   42.00  47.33   42.00  48.34   44.00  50.50
1.2   38.00  43.87   38.00  44.88   40.00  46.00   40.00  47.00   42.00  49.00
1.4   32.00  38.50   35.00  42.00   35.00  43.00   38.00  46.00   38.00  47.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.81          175#   -4.00  0.00          205#   -3.84  2.00
    155#   -27.75  0.00          185#   -1.00  2.00          215#   -3.84  2.00
    165#   -15.00  0.00          195#   -0.96  2.00          225#   -3.84  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 202.97 lb carcass, 0.71 inch back-fat,
6.78 square inch loin/2.26 inch loin depth, FFLI: 51.81%

Price Range $46.50 - $52.42
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 115,453

Base Price Range $47.45 - $71.49, Weighted Average $57.89
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 627

Compared to Prior Day's closing weighted average (LM_HG200), 0.84 lower

Price Rng $34.73 - $41.00, Wtd Avg $39.79, 5 Day Rolling Avg $40.97
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 64

*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): 691

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

Canada                  573               Iowa                 100,035
Illinois             22,605               Indiana               17,014
Kansas                2,675               Kentucky               2,681
Maryland                165               Michigan               7,728
Minnesota            52,206               Missouri               3,290
Mississippi             276               Montana                  441
North Carolina       15,677               North Dakota             525
Nebraska             15,231               New York                 170
Ohio                 16,194               Oklahoma               2,727
Pennsylvania          3,747               South Dakota           6,609
Tennessee             1,949               Wisconsin                427
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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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