LM_HG200 ***CORRECTION TO WHOLE REPORT*** Des Moines, Iowa Tue, Jun 25, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Monday, June 24, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 6,380 7,149 6,031 Other Market Formula (Futures/Options) 39,640 36,824 32,570 Swine or Pork Market Formula 106,692 108,535 130,314 Other Purchase Arrangement 86,218 82,346 114,838 Negotiated Formula 320 658 185 Packer Sold (all purchase types) 23,956 20,687 9,885 -------------------------------------------------------------------------------- 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 5,108 39,297 100,154 82,204 155 226,918 Base Price 73.27 75.92 75.53 75.30 * 75.41 Packer Sold Head Count 23,955 Base Price 79.28 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,318 Compared to Prior Day's closing weighted average (LM_HG200), 0.34 lower Base Price Rng $63.00 - $75.50, Wtd Avg $73.51, 5 Day Rolling Avg $75.05 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 155 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 11,473 *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 66.00 77.56 67.50 79.08 68.50 80.61 69.50 82.13 70.00 84.17 0.5 63.00 77.56 66.00 79.08 68.50 80.61 69.00 82.13 70.00 84.17 0.6 63.00 76.11 66.00 77.63 67.50 79.16 68.50 80.68 69.50 82.71 0.7 63.00 74.65 63.00 76.18 66.00 77.70 68.50 79.23 69.00 81.26 0.8 62.00 73.50 63.00 74.73 66.00 76.25 67.50 77.78 69.00 79.81 0.9 62.00 73.00 63.00 73.50 63.00 74.80 66.00 76.32 68.50 78.36 1.0 60.00 71.00 62.00 73.00 63.00 74.00 66.00 75.00 67.50 76.90 1.1 59.00 69.00 62.00 71.00 63.00 73.50 63.00 74.50 67.50 75.50 1.2 59.00 66.30 60.00 69.00 62.00 73.00 63.00 74.00 66.00 75.00 1.4 55.50 62.50 58.39 66.00 59.91 69.00 61.44 73.00 63.00 74.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -7.26 175# -4.00 1.00 205# -5.81 3.00 155# -30.00 0.00 185# -1.00 2.00 215# -5.81 3.00 165# -15.00 0.00 195# -1.45 3.00 225# -5.81 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.70 lb carcass, 0.68 inch back-fat, 7.27 square inch loin/2.42 inch loin depth, FFLI: 52.56% Price Range $68.50 - $79.23 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 112,009 Base Price Range $65.41 - $83.54, Weighted Average $76.20 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,039 Compared to Prior Day's closing weighted average (LM_HG200), 0.59 higher Price Rng $54.00 - $59.00, Wtd Avg $58.10, 5 Day Rolling Avg $58.05 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 165 *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): 1,204 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 97,533 Illinois 27,714 Indiana 18,207 Kansas 2,049 Kentucky 1,225 Michigan 7,886 Minnesota 43,720 Missouri 4,536 Mississippi 393 Montana 730 North Carolina 14,854 North Dakota 175 Nebraska 14,871 Ohio 14,585 Oklahoma 2,048 Pennsylvania 4,454 South Carolina 181 South Dakota 7,179 Wisconsin 866 -------------------------------------------------------------------------------- *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