LM_HG207 Des Moines, Iowa Thu, Dec 12, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, December 11, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 6,651 2,983 3,283 Other Market Formula (Futures/Options) 10,416 8,357 23,201 Swine or Pork Market Formula 30,960 33,209 38,299 Other Purchase Arrangement 34,869 35,429 34,391 Negotiated Formula 985 325 1,286 Packer Sold (all purchase types) 8,228 7,854 475 -------------------------------------------------------------------------------- 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 6,204 8,733 27,761 33,441 655 76,794 Base Price 47.97 60.07 57.31 67.77 * 60.94 Packer Sold Head Count 8,228 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): Compared to Prior Day's closing weighted average (LM_HG207), no comparison Wtd Avg $47.97, 5 Day Rolling Avg $47.97 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): *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 47.00 52.30 48.50 53.33 49.50 54.36 50.50 55.39 51.00 56.76 0.5 44.00 52.30 47.00 53.33 48.50 54.36 50.00 55.39 50.00 56.76 0.6 44.00 51.32 47.00 52.35 48.50 53.38 48.50 54.41 50.00 55.78 0.7 44.00 50.34 44.00 51.37 47.00 52.40 47.00 53.43 48.50 54.80 0.8 43.00 49.36 44.00 50.39 45.50 51.42 45.50 52.45 47.00 53.82 0.9 42.50 48.38 44.00 49.41 44.00 50.44 45.50 51.47 45.50 52.84 1.0 41.00 47.40 42.50 48.43 42.50 49.46 44.50 50.49 45.50 51.86 1.1 40.00 46.18 40.50 47.21 42.50 48.24 42.50 49.26 44.50 50.64 1.2 38.50 44.71 38.50 45.74 40.50 46.77 40.50 47.79 42.50 49.17 1.4 32.50 38.34 35.50 40.00 35.50 41.00 38.50 43.00 38.50 44.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -25.00 -4.90 175# -3.00 0.00 205# -3.92 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -3.92 0.00 165# -5.00 0.00 195# -0.98 0.00 225# -3.92 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 197.50 lb carcass, 0.57 inch back-fat, 6.57 square inch loin/2.19 inch loin depth, FFLI: 53.91% Price Range $48.50 - $54.41 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 35,989 Base Price Range $46.08 - $82.69, Weighted Average $56.19 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): Compared to Prior Day's closing weighted average (LM_HG207), no comparison Wtd Avg $38.86, 5 Day Rolling Avg $38.86 -------------------------------------------------------------------------------- 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 & 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 Illinois 21,386 Indiana 18,554 Kentucky 1,425 Maryland 320 Michigan 9,817 North Carolina 17,164 New York 110 Ohio 17,830 Pennsylvania 3,942 Tennessee 746 Wisconsin 675 West Virginia 140 -------------------------------------------------------------------------------- *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 .