LM_HG203
Des Moines, Iowa                Tue, Jan 08, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, January 8, 2019
(Includes information from 1:30 PM to 1:30 PM.)

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                               10,255     10,255          0     13,983
Other Market Formula (Futures/Options)   33,993     33,993      1,505     38,048
Swine or Pork Market Formula            137,666    137,666     20,960    141,138
Other Purchase Arrangement               73,897     73,897     10,912     77,068
Negotiated Formula                        1,778      1,778          0      1,734
Packer Sold (all purchase types)          9,045      9,045      1,255     12,211
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,082

Compared to Prior Day's closing weighted average (LM_HG200),  1.16 higher

Base Price Rng $46.00 - $51.50, Wtd Avg $50.18, 5 Day Rolling Avg $48.03
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 320

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,402

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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               NATIONAL 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   49.00  52.44   50.50  53.50   51.50  54.50   50.00  55.53   50.00  56.91
0.5   46.00  52.44   49.00  53.47   51.50  54.50   50.00  55.53   50.00  56.91
0.6   46.00  51.46   49.00  52.49   50.50  53.52   51.50  54.55   50.00  55.92
0.7   46.00  50.47   46.00  51.51   49.00  52.54   50.50  54.50   50.00  55.00
0.8   45.00  49.49   46.00  50.52   49.00  52.00   49.00  53.50   50.50  55.00
0.9   45.00  48.51   46.00  49.54   46.00  50.57   49.00  52.00   49.00  54.50
1.0   43.00  47.53   45.00  48.56   46.00  49.59   48.00  52.00   49.00  53.50
1.1   42.00  46.30   44.00  48.00   46.00  49.00   46.00  49.39   48.00  53.50
1.2   40.00  45.00   42.00  46.00   44.00  48.00   44.00  49.00   46.00  52.00
1.4   35.00  41.50   39.00  45.00   39.00  46.00   41.54  48.00   42.00  49.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.91          175#   -4.00  1.00          205#   -3.93  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -3.93  3.00
    165#   -15.00  0.00          195#   -0.98  3.00          225#   -3.93  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 202.37 lb carcass, 0.62 inch back-fat,
6.96 square inch loin/2.32 inch loin depth, FFLI: 53.31%

Price Range $51.50 - $54.55
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 138,751

Base Price Range $46.60 - $66.06, Weighted Average $54.36
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 744

Compared to Prior Day's closing weighted average (LM_HG200), no comparision 

Price Rng $36.00 - $40.00, Wtd Avg $39.09, 5 Day Rolling Avg $37.48
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,210

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,954

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Canada                  221               Iowa                  99,879
Illinois             15,865               Indiana               16,919
Kansas                2,268               Kentucky               2,678
Michigan             10,859               Minnesota             49,478
Missouri              3,535               Montana                  441
North Carolina       16,167               North Dakota             200
Nebraska             13,923               Ohio                  16,006
Oklahoma              2,278               Pennsylvania           4,600
South Carolina          900               South Dakota           8,663
Tennessee             1,109               Wisconsin                645
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*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.

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

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