National Daily Direct Hogs Afternoon
USDA - Fri Mar 15, 3:23PM CDT
LM_HG203
Des Moines, Iowa                Fri, Mar 15, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, March 15, 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                                9,303      9,303      7,901     11,277
Other Market Formula (Futures/Options)  127,283    127,283     45,820     41,968
Swine or Pork Market Formula            144,834    144,834    133,656    141,864
Other Purchase Arrangement               61,815     61,815     81,506     85,631
Negotiated Formula                        1,113      1,113      1,840      2,383
Packer Sold (all purchase types)         16,704     16,704     18,114      6,970
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,215

Compared to Prior Day's closing weighted average (LM_HG200),  2.67 higher

Base Price Rng $45.00 - $56.25, Wtd Avg $54.20, 5 Day Rolling Avg $50.74
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 380

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

Barrows & Gilts (carcass basis): 8,595

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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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   51.00  59.00   52.50  60.50   53.50  60.50   54.50  62.00   55.00  62.00
0.5   48.00  57.50   51.00  59.00   52.00  59.50   53.50  60.50   53.50  60.50
0.6   48.00  57.50   50.50  57.50   52.00  59.00   52.00  59.50   53.50  60.50
0.7   48.00  56.00   48.00  56.50   50.50  57.50   50.50  59.50   52.00  59.00
0.8   47.00  55.50   48.00  56.00   49.00  57.00   49.00  58.50   50.50  59.50
0.9   46.00  55.00   48.00  55.50   48.00  56.50   49.00  57.50   49.00  59.50
1.0   45.00  53.00   46.00  55.00   46.00  56.00   48.00  57.00   49.00  58.50
1.1   44.00  51.00   44.00  53.00   46.00  55.50   46.00  56.50   48.00  57.50
1.2   42.00  49.00   42.00  51.00   44.00  55.00   44.00  56.00   46.00  57.00
1.4   36.00  43.00   39.00  48.00   39.00  51.00   42.00  55.00   42.00  56.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.14          175#   -4.00  1.00          205#   -4.11  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -4.11  3.00
    165#   -15.00  0.00          195#   -1.03  3.00          225#   -4.11  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 202.12 lb carcass, 0.64 inch back-fat,
7.42 square inch loin/2.47 inch loin depth, FFLI: 53.29%

Price Range $52.00 - $59.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 151,164

Base Price Range $47.20 - $64.53, Weighted Average $55.00
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,560

Compared to Prior Day's closing weighted average (LM_HG200), 0.32 lower

Price Rng $30.50 - $42.50, Wtd Avg $39.74, 5 Day Rolling Avg $38.98
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,040

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

Barrows & Gilts (live basis, 240-320 lbs): 2,600

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

Canada                  351               Georgia                  331
Iowa                105,779               Illinois              38,005
Indiana              23,961               Kansas                 6,228
Kentucky              1,191               Michigan               9,281
Minnesota            74,698               Missouri               3,851
Montana                 215               North Carolina        10,643
Nebraska              9,979               Ohio                  59,574
Oklahoma              2,089               Pennsylvania           3,783
South Carolina          900               South Dakota           8,238
Tennessee             1,615               Wisconsin                340
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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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