LM_HG200 Des Moines, Iowa Wed, Jan 16, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, January 15, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 10,557 10,799 13,634 Other Market Formula (Futures/Options) 40,127 32,999 36,331 Swine or Pork Market Formula 143,469 138,792 127,532 Other Purchase Arrangement 76,389 69,580 71,913 Negotiated Formula 1,960 1,598 1,776 Packer Sold (all purchase types) 9,016 10,236 10,151 -------------------------------------------------------------------------------- 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 9,024 38,963 134,607 73,064 325 255,983 Base Price 51.44 59.81 56.85 62.54 * 58.66 Packer Sold Head Count 8,244 Base Price 54.33 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,024 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.11 lower to 1.10 higher, mostly steady. Slow to moderate market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.31 lower Base Price Rng $47.00 - $53.00, Wtd Avg $51.44, 5 Day Rolling Avg $51.27 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 325 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 9,349 *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 50.00 55.00 51.50 56.50 52.50 57.13 53.50 58.21 54.00 59.65 0.5 47.00 54.97 50.00 56.05 52.50 57.13 53.00 58.21 54.00 59.65 0.6 47.00 53.94 50.00 55.02 51.50 56.10 52.50 57.18 53.50 58.62 0.7 47.00 52.91 47.00 53.99 50.00 55.07 52.50 56.50 53.00 57.59 0.8 46.00 51.88 47.00 52.96 50.00 54.04 51.00 55.50 52.50 57.00 0.9 46.00 50.85 47.00 51.93 47.00 53.01 50.00 54.10 51.00 56.50 1.0 44.00 49.82 46.00 50.90 47.00 51.98 50.00 54.00 51.00 55.50 1.1 43.00 48.54 46.00 50.00 47.00 51.00 47.00 51.78 50.00 55.50 1.2 43.00 47.00 44.00 48.07 46.00 50.00 46.00 51.00 48.00 54.00 1.4 38.00 43.50 41.00 47.00 41.00 48.00 43.54 50.00 44.00 51.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -5.15 175# -3.00 1.00 205# -4.12 3.00 155# -30.00 0.00 185# 0.00 2.00 215# -4.12 3.00 165# -15.00 0.00 195# -1.03 3.00 225# -4.12 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.20 lb carcass, 0.62 inch back-fat, 7.11 square inch loin/2.37 inch loin depth, FFLI: 53.42% Price Range $52.50 - $57.18 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 139,415 Base Price Range $49.80 - $66.69, Weighted Average $56.74 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 788 Compared to Prior Day's closing weighted average (LM_HG200), 0.17 higher Price Rng $36.00 - $41.50, Wtd Avg $40.05, 5 Day Rolling Avg $39.59 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,585 *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): 2,373 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN California 202 Canada 442 Iowa 110,407 Illinois 22,008 Indiana 20,526 Kansas 3,741 Kentucky 1,988 Maryland 166 Michigan 8,173 Minnesota 46,655 Missouri 2,455 Mississippi 288 Montana 933 North Carolina 16,022 Nebraska 16,982 New York 341 Ohio 13,418 Oklahoma 2,630 Pennsylvania 3,890 South Carolina 720 South Dakota 6,954 Tennessee 1,286 Utah 772 Wisconsin 519 -------------------------------------------------------------------------------- *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 .