LM_HG208
Des Moines, Iowa                Thu, Apr 04, 2019               USDA Market News

WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, April 3, 2019

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                3,973           6,160         12,182
  Other Market Formula (Futures/Options)   28,774          35,472         42,862
  Swine or Pork Market Formula             95,720         100,431         96,549
  Other Purchase Arrangement               39,555          36,905         48,466
  Negotiated Formula                          210             421            816
Packer Sold (all purchase types)            7,084           7,542         11,650
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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         2,506    28,774     91,891     37,224          0    160,395
  Base Price         74.59     75.84      75.56      76.51          *      75.82
Packer Sold
  Head Count                                                               6,929
  Base Price                                                               76.25
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,156

Compared to Prior Day's closing weighted average (LM_HG208),  0.39 lower

Base Price Rng $67.00 - $78.50, Wtd Avg $75.36, 5 Day Rolling Avg $75.72
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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):  4,156

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          WESTERN 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

*Price not reported due to confidentiality*
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00-13.50          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -7.50          185#   -0.25  1.50          215#   -0.25  3.00
    165#   -15.00 -3.37          195#    0.00  3.00          225#   -2.36  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): 95,140

Base Price Range $69.61 - $80.75, Weighted Average $75.54
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 694

*Price not reported due to confidentiality* 5 Day Rolling Avg $57.03
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 210

*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): 904

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

Iowa                 98,781             Kansas                 2,721
Minnesota            45,719             Missouri               3,911
Nebraska             17,937             South Dakota           7,097
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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
           www.ams.usda.gov/market-news/livestock-poultry-grain
0800C




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