Iowa/Minnesota Daily Direct Hogs Morning
LM_HG205
Des Moines, Iowa                Thu, Jul 11, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, July 11, 2019
(Includes information from 1:30 PM to 9:30 AM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                1,480        480         30        269
Other Market Formula (Futures/Options)   14,947     14,947      1,780     11,465
Swine or Pork Market Formula             53,513     51,851     11,217     45,809
Other Purchase Arrangement               19,810     19,810      4,238     27,677
Negotiated Formula                            0          0          0         15
Packer Sold (all purchase types)          3,025      3,025        930      2,378
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,524

Compared to Prior Day's closing weighted average (LM_HG204), 0.46 higher

Base Price Rng $56.00 - $71.00, Wtd Avg $69.60, 5 Day Rolling Avg $68.13
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,524

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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

*Price not reported due to confidentiality*
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00-12.11          175#   -1.75  1.00          205#    0.00  3.00
    155#   -30.00 -6.73          185#   -0.25  1.50          215#   -0.25  3.00
    165#   -15.00 -3.37          195#    0.00  3.00          225#   -2.25  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 56,413

Base Price Range $63.71 - $73.39, Weighted Average $68.35
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 474

Compared to Prior Day's closing weighted average (LM_HG204), no comparison 

Price Rng $51.00 - $53.50, Wtd Avg $52.18, 5 Day Rolling Avg $51.88
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (live basis, 240-320 lbs): 474

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

Iowa                 65,154               Minnesota             38,198
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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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