LM_HG200 Des Moines, Iowa Thu, Nov 21, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, November 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 11,505 12,253 Other Market Formula (Futures/Options) 26,623 196,437 Swine or Pork Market Formula 119,817 119,156 Other Purchase Arrangement 84,743 90,374 Negotiated Formula 712 0 0 Packer Sold (all purchase types) 15,500 19,756 0 -------------------------------------------------------------------------------- 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 10,505 25,472 112,104 80,114 372 228,567 Base Price 42.35 60.65 58.93 66.22 * 60.82 Packer Sold Head Count 14,902 Base Price 48.24 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,545 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.43 lower to 0.63 higher, mostly steady. Moderate market activity and demand. Compared to Prior Day's closing weighted average (LM_HG200), unchanged Base Price Rng $40.00 - $43.03, Wtd Avg $42.33, 5 Day Rolling Avg $42.25 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 372 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 11,917 *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 43.00 46.00 44.50 47.50 45.50 48.50 46.50 49.00 47.00 49.87 0.5 40.00 45.96 43.00 46.86 45.50 47.76 46.00 48.67 47.00 49.87 0.6 40.00 45.10 43.00 46.00 44.50 46.90 45.50 47.81 46.50 49.01 0.7 40.00 44.23 40.00 45.14 43.00 46.04 45.50 46.95 46.00 48.15 0.8 39.00 43.37 40.00 44.28 43.00 45.18 44.50 46.09 46.00 47.50 0.9 39.00 42.51 40.00 43.42 40.00 44.32 43.00 45.22 45.50 46.43 1.0 37.00 41.65 39.00 42.56 40.00 43.46 43.00 44.36 44.50 45.57 1.1 36.00 40.58 39.00 41.48 40.00 42.38 40.00 43.29 44.25 44.50 1.2 36.00 39.29 37.00 40.19 39.00 41.09 40.00 42.00 43.00 43.50 1.4 31.00 33.69 34.60 37.00 35.50 37.00 36.40 39.00 37.61 41.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -27.75 -4.30 175# -1.75 0.00 205# -3.44 2.00 155# -27.75 0.00 185# -0.25 2.00 215# -3.44 2.00 165# -15.00 0.00 195# -0.86 2.00 225# -3.44 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 210.70 lb carcass, 0.63 inch back-fat, 7.60 square inch loin/2.53 inch loin depth, FFLI: 53.45% Price Range $45.50 - $47.81 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 124,132 Base Price Range $40.65 - $86.08, Weighted Average $57.87 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 686 Compared to Prior Day's closing weighted average (LM_HG200), 0.78 lower Base Price Rng $26.75 - $37.50, Wtd Avg $33.78, 5 Day Rolling Avg $34.20 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 340 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED AND NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,026 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 388 Iowa 93,397 Illinois 17,308 Indiana 21,106 Kansas 2,591 Kentucky 1,385 Maryland 166 Michigan 9,630 Minnesota 45,755 Missouri 4,585 Montana 666 North Carolina 16,756 Nebraska 12,690 New York 170 Ohio 14,601 Oklahoma 3,333 Pennsylvania 4,961 South Dakota 8,562 Utah 382 Wisconsin 307 West Virginia 161 -------------------------------------------------------------------------------- *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 .