LM_HG204 Des Moines, Iowa Wed, Feb 26, 2020 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 25, 2020 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 11,948 7,442 10,381 Other Market Formula (Futures/Options) 20,718 16,405 36,834 Swine or Pork Market Formula 76,468 72,639 91,169 Other Purchase Arrangement 36,616 37,528 32,129 Negotiated Formula 0 0 477 Packer Sold (all purchase types) 8,351 6,096 9,155 -------------------------------------------------------------------------------- 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 11,695 20,698 75,104 36,616 0 144,113 Base Price 49.50 66.48 54.63 59.40 * 57.13 Packer Sold Head Count 8,286 Base Price 53.63 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): Compared to Prior Day's closing weighted average (LM_HG204), 1.03 higher Wtd Avg $49.55, 5 Day Rolling Avg $49.44 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- IOWA/MINNESOTA 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* -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -8.73 175# -4.00 0.00 205# 0.00 2.00 155# -27.75 -4.85 185# -1.00 2.00 215# -0.25 2.00 165# -15.00 -2.91 195# -0.50 2.00 225# -2.25 2.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED *Price not reported due to confidentiality* -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 79,371 Base Price Range $48.91 - $61.35, Weighted Average $54.61 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 107,154 Minnesota 47,627 -------------------------------------------------------------------------------- *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 .