LM_HG202 Des Moines, Iowa Wed, Oct 23, 2019 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 23, 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 8,022 6,735 8,454 7,980 Other Market Formula (Futures/Options) 31,754 29,964 50,730 14,722 Swine or Pork Market Formula 94,522 85,295 82,126 84,362 Other Purchase Arrangement 75,268 65,678 63,395 57,087 Negotiated Formula 400 0 330 1,048 Packer Sold (all purchase types) 14,516 14,516 14,412 8,830 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,535 Compared to Prior Day's closing weighted average (LM_HG200), 0.64 lower Base Price Rng $51.00 - $56.01, Wtd Avg $55.21, 5 Day Rolling Avg $56.45 -------------------------------------------------------------------------------- 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): 7,535 *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 54.00 59.82 55.50 60.99 56.50 62.17 57.50 63.35 58.00 64.92 0.5 51.00 59.82 54.00 60.99 56.50 62.17 57.00 63.35 58.00 64.92 0.6 51.00 58.70 54.00 59.87 55.50 61.05 56.50 62.23 57.50 63.80 0.7 51.00 57.58 51.00 58.75 54.00 59.93 56.50 61.11 57.00 62.68 0.8 50.00 56.46 51.00 57.63 54.00 58.81 55.50 59.99 57.00 61.56 0.9 50.00 55.34 51.00 56.51 51.00 57.69 54.00 58.87 56.50 60.43 1.0 48.00 54.22 50.00 55.39 51.00 56.57 54.00 57.75 55.50 59.31 1.1 47.00 52.82 50.00 53.99 51.00 55.50 51.00 56.50 55.50 58.50 1.2 47.00 51.14 48.00 52.31 50.00 55.00 51.00 56.00 54.00 57.00 1.4 43.00 46.50 45.03 50.00 46.21 51.00 47.38 55.00 48.95 56.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.60 175# -4.00 0.00 205# -4.48 0.00 155# -27.75 0.00 185# -1.00 0.00 215# -4.48 0.00 165# -15.00 0.00 195# -1.12 0.00 225# -4.48 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 207.33 lb carcass, 0.70 inch back-fat, 7.14 square inch loin/2.38 inch loin depth, FFLI: 52.16% Price Range $56.50 - $61.11 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 90,765 Base Price Range $54.88 - $75.60, Weighted Average $63.93 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,119 Compared to Prior Day's closing weighted average (LM_HG200), 0.03 higher Base Price Rng $40.00 - $47.75, Wtd Avg $44.03, 5 Day Rolling Avg $44.05 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 0 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,119 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 350 Iowa 77,224 Illinois 16,333 Indiana 9,249 Kansas 2,530 Kentucky 1,050 Maryland 86 Michigan 7,641 Minnesota 39,942 Missouri 2,957 Montana 443 North Carolina 14,190 North Dakota 520 Nebraska 11,376 New York 168 Ohio 7,100 Oklahoma 2,858 Pennsylvania 2,519 South Dakota 3,707 Utah 77 Wisconsin 1,980 -------------------------------------------------------------------------------- *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 1100C .