National Daily Direct Prior Purchased Swine
LM_HG200
Des Moines, Iowa                Wed, May 15, 2019               USDA Market News

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 14, 2019

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                8,940          12,621         12,490
  Other Market Formula (Futures/Options)   41,928          35,936         35,740
  Swine or Pork Market Formula            111,738         113,257        134,502
  Other Purchase Arrangement               79,030          69,358         83,290
  Negotiated Formula                          762             548          1,374
Packer Sold (all purchase types)           24,218          22,894         14,700
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                NEGOTIATED     OTHER       SWINE       OTHER NEGOTIATED  TOTALS/
                              MARKET     OR PORK    PURCHASE    FORMULA  WTD AVG
                             FORMULA      MARKET    ARRGMENT
                           (FUT/OPT)**   FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count         7,020    41,109     102,941      75,534        160  226,764
  Base Price         81.55     83.35       81.82       80.48          *    81.58
Packer Sold
  Head Count                                                              23,311
  Base Price                                                               84.24
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   16,160

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 4.00 lower to 0.50 higher, mostly 0.75 lower to 0.50 higher. 
Active market activity with good demand.

Compared to Prior Day's closing weighted average (LM_HG200),   1.13 higher

Base Price Rng $76.00 - $84.00, Wtd Avg $82.01, 5 Day Rolling Avg $80.79
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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 $80.91
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold)

Barrows & Gilts (carcass basis):   16,320

*Price not reported due to confidentiality* 5 Day Rolling Avg $80.88
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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   82.00  84.50   83.50  86.00   84.50  87.00   85.00  88.65   85.00  90.84
0.5   81.50  83.71   82.50  85.36   83.50  87.00   84.50  88.65   85.00  90.84
0.6   80.50  83.00   81.50  83.79   82.50  85.43   83.50  87.08   84.50  89.27
0.7   79.50  81.50   80.50  82.22   82.00  83.87   82.50  85.51   84.00  87.71
0.8   78.75  80.50   79.50  81.50   80.50  82.30   81.50  83.95   83.00  86.14
0.9   77.00  78.50   78.75  80.50   79.50  80.73   81.00  82.38   81.50  84.57
1.0   75.50  78.50   77.00  78.50   78.50  79.16   79.50  80.81   81.00  83.00
1.1   73.00  76.50   75.50  76.50   77.00  78.50   78.50  78.85   80.25  81.04
1.2   71.56  74.50   73.00  74.50   74.85  76.50   76.50  77.00   78.50  79.50
1.4   61.37  68.50   63.02  73.00   64.66  73.00   66.31  74.50   68.50  77.00
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.84          175#   -3.00  1.00          205#   -6.27  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -6.27  3.00
    165#   -15.00  0.00          195#   -1.57  3.00          225#   -6.27  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.50 lb carcass, 0.71 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.01%

Price Range $82.50 - $85.51
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 115,257

Base Price Range $75.67 - $87.44, Weighted Average $82.21
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,526

Compared to Prior Day's closing weighted average (LM_HG200),  0.75 higher

Price Rng $53.25 - $65.00, Wtd Avg $62.78, 5 Day Rolling Avg $62.05
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 602

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

Barrows & Gilts (live basis, 240-320 lbs): 2,128

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

California               21             Canada                   164
Georgia                 180             Iowa                 105,826
Illinois             19,817             Indiana               15,462
Kansas                2,401             Kentucky                 515
Maryland                145             Michigan               7,834
Minnesota            57,388             Missouri               2,836
Montana                 737             North Carolina        11,521
North Dakota             25             Nebraska              16,136
New York                171             Ohio                  12,373
Oklahoma              2,838             Pennsylvania           3,074
South Carolina        1,080             South Dakota           6,910
Utah                    744             Wisconsin                968
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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.
** Futures/Options

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
0800C

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