LM_HG207 Des Moines, Iowa Fri, Feb 15, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, February 14, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 6,183 6,245 3,602 Other Market Formula (Futures/Options) 54,316 11,152 11,172 Swine or Pork Market Formula 40,363 38,205 38,507 Other Purchase Arrangement 31,110 28,099 30,994 Negotiated Formula 487 406 952 Packer Sold (all purchase types) 2,155 475 300 -------------------------------------------------------------------------------- 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 3,065 53,220 35,014 29,999 240 121,538 Base Price 48.60 71.65 53.40 61.59 * 63.19 Packer Sold Head Count 2,155 Base Price 49.52 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,895 Compared to Prior Day's closing weighted average (LM_HG207), 0.20 lower Base Price Rng $47.50 - $48.78, Wtd Avg $48.42, 5 Day Rolling Avg $48.53 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 240 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,135 *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 50.50 52.10 52.00 53.12 52.50 54.15 54.00 55.17 54.00 56.54 0.5 47.50 52.10 50.50 53.12 51.00 54.15 52.50 55.17 52.50 56.54 0.6 47.50 51.12 49.50 52.15 51.00 53.17 51.00 54.19 52.50 55.56 0.7 47.50 50.15 47.50 51.17 49.50 52.19 49.50 53.22 51.00 54.58 0.8 46.50 49.17 47.50 50.19 48.00 51.22 48.00 52.24 49.50 53.61 0.9 45.00 48.19 47.00 49.22 47.00 50.24 48.00 51.27 48.00 53.00 1.0 44.50 47.22 45.00 48.24 45.00 49.27 47.00 50.50 48.00 52.00 1.1 43.00 46.00 43.00 47.02 45.00 48.05 45.00 49.07 47.00 52.00 1.2 41.00 44.54 41.00 45.56 43.00 46.58 43.00 47.61 45.00 50.50 1.4 35.00 40.00 38.00 43.50 38.00 44.50 41.00 46.50 41.00 47.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -4.88 175# -3.00 1.00 205# -3.90 3.00 155# -30.00 0.00 185# 0.00 1.50 215# -3.90 3.00 165# -15.00 0.00 195# -0.98 3.00 225# -3.90 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 185.50 lb carcass, 0.58 inch back-fat, 6.66 square inch loin/2.22 inch loin depth, FFLI: 54.00% Price Range $51.00 - $54.19 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 36,529 Base Price Range $47.92 - $60.68, Weighted Average $53.28 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 2,802 Compared to Prior Day's closing weighted average (LM_HG207), Price Rng $38.50 - $39.75, Wtd Avg $39.43, 5 Day Rolling Avg $39.30 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 247 *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): 3,049 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Delaware 59 Georgia 340 Illinois 63,820 Indiana 20,459 Kentucky 1,202 Michigan 8,901 North Carolina 15,211 Ohio 16,819 Pennsylvania 4,150 South Carolina 360 Tennessee 2,571 Wisconsin 912 -------------------------------------------------------------------------------- *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 .