National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Tue, Sep 10, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, September 10, 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                               13,211     13,211      6,538     10,828
Other Market Formula (Futures/Options)   28,606     28,606     82,126     45,239
Swine or Pork Market Formula            109,680    109,680    142,117    130,165
Other Purchase Arrangement              101,331    101,331    122,167    103,926
Negotiated Formula                          475        475          0      1,408
Packer Sold (all purchase types)         19,023     19,023     21,809     10,929
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 15,628

Compared to Prior Day's closing weighted average (LM_HG200),  1.72 lower

Base Price Rng $45.00 - $50.50, Wtd Avg $48.93, 5 Day Rolling Avg $51.43
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 475

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

Barrows & Gilts (carcass basis): 16,103

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
               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  53.00   49.50  54.50   50.50  54.82   51.00  56.00   51.00  57.24
0.5   45.00  52.75   48.00  53.79   50.50  54.82   51.00  55.86   51.00  57.24
0.6   45.00  51.76   48.00  52.80   49.50  53.84   50.50  54.87   51.00  56.26
0.7   45.00  50.77   45.00  51.81   48.00  52.85   50.50  54.00   51.00  55.27
0.8   44.00  50.00   45.00  50.82   48.00  51.86   49.50  53.00   51.00  54.28
0.9   44.00  49.50   45.00  50.00   45.00  51.00   48.00  52.00   50.00  54.00
1.0   42.00  47.81   44.00  49.50   45.00  50.50   48.00  51.50   49.50  53.00
1.1   41.00  46.57   44.00  47.61   45.00  50.00   45.00  51.00   49.00  52.00
1.2   41.00  45.09   42.00  46.13   44.00  49.50   45.00  50.50   47.00  51.50
1.4   36.00  38.67   39.71  42.50   40.00  45.50   41.78  49.50   43.00  50.50
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.94          175#   -4.00  1.00          205#   -3.95  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -3.95  3.00
    165#   -15.00  0.00          195#   -0.99  3.00          225#   -3.95  2.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.86 lb carcass, 0.69 inch back-fat,
7.24 square inch loin/2.41 inch loin depth, FFLI: 52.38%

Price Range $50.50 - $54.00
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 117,487

Base Price Range $48.69 - $71.41, Weighted Average $59.37
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,125

Compared to Prior Day's closing weighted average (LM_HG200), 0.30 lower

Price Rng $35.93 - $42.50, Wtd Avg $40.66, 5 Day Rolling Avg $41.86
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 0           5 Day Rolling Avg $--
--------------------------------------------------------------------------------
    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,125

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

Canada                  221               Iowa                  99,447
Illinois             21,880               Indiana               17,229
Kansas                2,325               Kentucky               3,256
Michigan             10,036               Minnesota             54,330
Missouri              3,555               Montana                  424
North Carolina       15,903               Nebraska              10,539
Ohio                 12,813               Oklahoma               1,706
Pennsylvania          6,948               South Carolina           180
South Dakota          9,115               Tennessee              1,602
Wisconsin               490
--------------------------------------------------------------------------------
*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



.