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Eastern Cornbelt Daily Direct Prior Day Hog - Purchased Swine

Last Updated 2/21/2019 | View 1404 Archived Reports

LM_HG207
Des Moines, Iowa                Thu, Feb 21, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, February 20, 2019

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                3,985           4,888          4,335
  Other Market Formula (Futures/Options)   66,719          13,693         12,932
  Swine or Pork Market Formula             35,268          38,803         38,697
  Other Purchase Arrangement               30,116          33,759         32,289
  Negotiated Formula                          566             396            784
Packer Sold (all purchase types)              160             630          1,075
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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         3,860    65,226     30,458     29,105        260    128,909
  Base Price         47.93     65.63      52.27      60.31          *      60.61
Packer Sold
  Head Count                                                                 160
  Base Price                                                                   *
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,250

Compared to Prior Day's closing weighted average (LM_HG207), no comparison

Base Price Rng $46.00 - $48.52, Wtd Avg $47.98, 5 Day Rolling Avg $48.19
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 260

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

Barrows & Gilts (carcass basis): 4,510

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
----------------------------------------------------------------------------------
           EASTERN CORNBELT 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   48.50  51.82   49.50  52.84   50.50  53.86   49.00  54.88   49.00  56.23
0.5   46.00  51.82   48.50  52.84   50.50  53.86   49.00  54.88   49.00  56.23
0.6   46.00  50.85   48.00  51.87   49.50  52.89   50.50  53.91   49.00  55.26
0.7   46.00  49.88   46.00  50.90   48.50  51.92   49.00  52.94   49.00  54.29
0.8   45.00  48.91   46.00  49.93   47.50  50.95   47.50  51.96   49.00  53.32
0.9   44.50  47.94   46.00  48.96   46.00  49.98   47.50  50.99   47.50  52.35
1.0   43.00  46.97   44.50  47.99   44.50  49.01   46.50  50.02   47.50  51.38
1.1   42.00  45.75   42.50  46.77   44.50  47.79   44.50  48.81   46.50  50.50
1.2   39.00  44.30   40.50  45.32   42.50  46.34   42.50  47.36   44.50  49.00
1.4   34.00  38.50   37.50  42.00   37.50  43.00   40.50  46.00   40.50  47.00
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.85          175#   -4.00  0.00          205#   -3.88  0.00
    155#   -19.00  0.00          185#   -1.00  0.00          215#   -3.88  0.00
    165#    -9.00  0.00          195#   -0.97  0.00          225#   -3.88  0.00
---------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 187.30 lb carcass, 0.58 inch back-fat,
6.78 square inch loin/2.26 inch loin depth, FFLI: 54.05%

Price Range $50.50 - $53.91
---------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 30,618

Base Price Range $48.08 - $60.40, Weighted Average $52.25
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 78

*Price not reported due to confidentiality* 5 Day Rolling Avg $38.64
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 306

*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): 384

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

Georgia                 168             Illinois              20,297
Indiana              16,194             Kentucky                 517
Maryland                167             Michigan               9,355
North Carolina       16,041             New York                 172
Ohio                 14,297             Pennsylvania           4,215
South Carolina          360             Tennessee             55,075
Wisconsin               536
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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
0800C      www.ams.usda.gov/market-news/livestock-poultry-grain



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