LM_HG207 Des Moines, Iowa Fri, Jul 19, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, July 18, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 4,537 3,609 2,747 Other Market Formula (Futures/Options) 12,045 23,098 7,393 Swine or Pork Market Formula 25,303 28,128 43,285 Other Purchase Arrangement 28,933 29,363 35,578 Negotiated Formula 0 325 697 Packer Sold (all purchase types) 8,324 8,309 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 3,872 11,067 21,069 28,231 0 64,239 Base Price 68.59 79.93 71.19 71.91 * 72.86 Packer Sold Head Count 8,324 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,872 Compared to Prior Day's closing weighted average (LM_HG207), 1.02 higher Base Price Rng $68.00 - $68.73, Wtd Avg $68.59, 5 Day Rolling Avg $67.86 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,872 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- EASTERN 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 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 71.00 73.40 72.50 74.85 72.50 76.29 74.00 77.73 74.00 79.66 0.5 69.50 73.40 71.00 74.85 71.00 76.29 72.50 77.73 72.50 79.66 0.6 69.50 72.03 69.50 73.47 71.00 74.92 71.00 76.36 72.50 78.28 0.7 68.00 70.65 68.00 72.10 69.50 73.54 69.50 74.98 71.00 76.91 0.8 67.00 69.28 68.00 70.72 68.00 72.17 68.00 73.61 69.50 75.53 0.9 65.00 67.91 67.00 69.35 67.00 70.79 68.00 72.24 68.00 74.16 1.0 65.00 66.53 65.00 67.97 65.00 69.42 67.00 70.86 68.00 72.79 1.1 63.00 64.81 63.00 66.26 65.00 67.70 65.00 69.25 67.00 71.07 1.2 61.00 63.50 61.00 64.19 63.00 66.00 63.00 67.50 65.00 70.00 1.4 53.82 57.50 55.26 63.50 56.70 63.50 58.15 63.50 60.07 67.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -6.87 175# -3.00 0.00 205# -5.50 0.00 155# -11.00 0.00 185# 0.00 0.00 215# -5.50 0.00 165# -5.00 0.00 195# -1.37 0.00 225# -5.50 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 192.30 lb carcass, 0.60 inch back-fat, 6.81 square inch loin/2.27 inch loin depth, FFLI: 53.66% Price Range $71.00 - $76.36 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 29,393 Base Price Range $65.54 - $77.74, Weighted Average $72.70 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 313 *Price not reported due to confidentiality* 5 Day Rolling Avg $53.41 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 0 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 313 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Illinois 16,748 Indiana 17,688 Kentucky 1,342 Maryland 168 Michigan 6,559 North Carolina 13,594 Ohio 15,369 Pennsylvania 4,026 South Carolina 360 Wisconsin 3,288 -------------------------------------------------------------------------------- *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 0800C www.ams.usda.gov/market-news/livestock-poultry-grain .