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National Daily Direct Hogs - Morning

Last Updated 2/21/2019 | View 1401 Archived Reports

LM_HG202
Des Moines, Iowa                Thu, Feb 21, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, February 21, 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                                7,683      5,376      5,489      3,032
Other Market Formula (Futures/Options)   42,913     40,075     29,808     23,314
Swine or Pork Market Formula            105,869     98,172    110,119    105,919
Other Purchase Arrangement               61,129     51,599     51,310     61,285
Negotiated Formula                        1,450      1,450        821      1,266
Packer Sold (all purchase types)          4,160      4,160      5,100      8,077
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,910

Compared to Prior Day's closing weighted average (LM_HG200),  1.34 lower

Base Price Rng $44.00 - $47.85, Wtd Avg $46.56, 5 Day Rolling Avg $47.97
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (carcass basis): 4,910

*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   47.00  51.10   48.50  52.11   49.50  53.11   49.00  54.12   49.00  55.46
0.5   44.00  51.10   47.00  52.11   49.50  53.11   49.00  54.12   49.00  55.46
0.6   44.00  50.15   47.00  51.15   48.50  52.16   49.50  53.16   49.00  54.50
0.7   44.00  49.19   44.00  50.19   47.00  51.20   48.50  52.20   49.00  53.54
0.8   43.00  48.23   44.00  49.24   47.00  50.24   47.00  51.25   48.50  52.59
0.9   43.00  47.28   44.00  48.28   44.00  49.29   47.00  50.29   47.00  51.63
1.0   41.00  46.32   43.00  47.32   44.00  48.33   46.00  49.33   47.00  50.67
1.1   40.00  45.12   42.00  46.13   44.00  47.13   44.00  48.14   46.00  49.50
1.2   39.00  43.69   40.00  44.69   42.00  46.00   42.00  47.00   44.00  48.04
1.4   34.00  37.50   37.00  41.00   37.00  42.00   40.00  46.00   40.00  47.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.79          175#   -4.00  0.00          205#   -3.83  0.00
    155#   -19.00  0.00          185#   -1.00  0.00          215#   -3.83  0.00
    165#    -9.00  0.00          195#   -0.96  0.00          225#   -3.83  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.43 lb carcass, 0.60 inch back-fat,
7.24 square inch loin/2.41 inch loin depth, FFLI: 53.82%

Price Range $49.50 - $53.16
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 96,161

Base Price Range $46.30 - $60.79, Weighted Average $52.61
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 490

Compared to Prior Day's closing weighted average (LM_HG200), no comparison

Price Rng $35.00 - $40.00, Wtd Avg $37.41, 5 Day Rolling Avg $36.41
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,249

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

Barrows & Gilts (live basis, 240-320 lbs): 1,739

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

Iowa                 89,056               Illinois              13,444
Indiana               5,509               Kansas                 2,734
Kentucky                356               Maryland                 170
Michigan              6,065               Minnesota             31,981
Missouri              4,813               Montana                  441
North Carolina       16,041               Nebraska              10,743
New York                172               Ohio                  10,192
Oklahoma              2,764               Pennsylvania           2,381
South Carolina          360               South Dakota           2,816
Utah                    144               Wisconsin                650
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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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