LM_HG207 Des Moines, Iowa Wed, Nov 27, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, November 26, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 6,007 4,296 3,558 Other Market Formula (Futures/Options) 11,517 12,480 13,733 Swine or Pork Market Formula 31,635 34,565 38,357 Other Purchase Arrangement 36,754 30,611 31,806 Negotiated Formula 325 726 330 Packer Sold (all purchase types) 9,498 9,936 1,440 -------------------------------------------------------------------------------- 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 4,725 10,216 27,146 35,410 325 77,822 Base Price 42.54 60.93 54.09 67.06 * 59.96 Packer Sold Head Count 9,454 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 $42.55, 5 Day Rolling Avg $42.46 -------------------------------------------------------------------------------- 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 45.00 46.00 46.50 47.50 47.50 47.71 48.50 49.00 49.00 49.81 0.5 42.00 45.90 45.00 46.81 46.00 47.71 47.50 48.61 47.50 49.81 0.6 42.00 45.04 44.50 45.95 46.00 46.85 46.00 47.75 47.50 48.95 0.7 42.00 44.18 42.00 45.09 44.50 45.99 44.50 47.50 46.00 48.09 0.8 41.00 43.32 42.00 44.23 43.00 45.13 43.00 46.50 44.50 48.00 0.9 40.00 42.46 42.00 43.37 42.00 44.27 43.00 45.17 43.00 47.50 1.0 39.00 41.60 40.00 42.51 40.00 43.41 42.00 45.00 43.00 46.50 1.1 38.00 40.53 38.00 41.43 40.00 42.34 40.00 43.24 42.00 46.50 1.2 36.00 39.24 36.00 40.14 38.00 41.05 38.00 42.00 40.00 45.00 1.4 30.00 34.50 33.00 38.00 33.00 39.00 36.00 41.00 36.00 42.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -25.00 -4.30 175# -3.00 0.00 205# -3.44 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -3.44 0.00 165# -5.00 0.00 195# -0.86 0.00 225# -3.44 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 200.20 lb carcass, 0.59 inch back-fat, 6.90 square inch loin/2.30 inch loin depth, FFLI: 53.77% Price Range $46.00 - $47.75 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 36,410 Base Price Range $41.78 - $81.76, Weighted Average $52.55 -------------------------------------------------------------------------------- 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 $34.90, 5 Day Rolling Avg $35.31 -------------------------------------------------------------------------------- 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 Georgia 345 Illinois 24,537 Indiana 21,128 Kentucky 2,848 Michigan 9,872 North Carolina 17,185 New York 163 Ohio 12,725 Pennsylvania 4,564 South Carolina 360 Tennessee 1,304 Wisconsin 544 West Virginia 161 -------------------------------------------------------------------------------- *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 .