LM_HG200 Des Moines, Iowa Tue, Feb 12, 2019 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Monday, February 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 9,361 7,316 10,421 Other Market Formula (Futures/Options) 42,353 45,807 32,715 Swine or Pork Market Formula 139,664 137,215 132,530 Other Purchase Arrangement 174,592 178,483 149,041 Negotiated Formula 1,218 3,735 1,000 Packer Sold (all purchase types) 7,715 9,003 9,360 -------------------------------------------------------------------------------- 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 8,705 41,166 134,579 170,992 0 355,442 Base Price 48.84 55.86 53.72 65.07 * 59.31 Packer Sold Head Count 7,715 Base Price 51.87 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,295 Compared to the prior day, on a plant by plant basis, weighted average base prices were 2.50 lower to 2.50 higher, mostly steady to 0.75 lower. Slow to moderate market activity with light to moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.50 lower Base Price Rng $45.00 - $49.50, Wtd Avg $48.88, 5 Day Rolling Avg $49.53 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 9,295 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- 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 48.00 52.81 49.00 54.00 50.00 55.00 48.50 56.00 48.50 57.31 0.5 45.00 52.81 48.00 53.85 50.00 55.00 48.50 55.93 48.50 57.31 0.6 45.00 51.82 47.50 52.86 49.00 54.00 50.00 55.00 48.50 56.32 0.7 45.00 50.83 45.00 51.87 48.00 52.91 50.00 55.00 48.50 55.50 0.8 44.00 49.85 45.00 50.88 47.50 52.50 49.00 54.00 50.00 55.50 0.9 44.00 48.86 45.00 49.90 45.00 50.93 48.00 52.50 49.00 55.00 1.0 42.00 47.87 44.00 48.91 45.00 49.94 47.50 52.50 49.00 54.00 1.1 41.00 46.63 43.50 48.50 45.00 49.50 45.00 49.75 48.00 54.00 1.2 38.50 45.50 41.50 46.50 44.00 48.50 44.00 49.50 46.00 52.50 1.4 33.50 42.00 38.50 45.50 39.00 46.50 41.83 48.50 42.00 49.50 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -4.95 175# -4.00 1.00 205# -3.96 3.00 155# -30.00 0.00 185# -1.00 2.00 215# -3.96 3.00 165# -15.00 0.00 195# -0.99 3.00 225# -3.96 2.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 203.60 lb carcass, 0.60 inch back-fat, 7.39 square inch loin/2.46 inch loin depth, FFLI: 53.87% Price Range $50.00 - $55.00 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 139,333 Base Price Range $46.47 - $62.11, Weighted Average $53.64 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 627 Compared to Prior Day's closing weighted average (LM_HG200), 0.56 lower Price Rng $36.00 - $40.50, Wtd Avg $38.31, 5 Day Rolling Avg $39.36 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,217 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED AND NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,844 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 1,310 Iowa 195,930 Illinois 31,187 Indiana 20,343 Kansas 3,053 Kentucky 1,715 Maryland 168 Michigan 7,590 Minnesota 48,005 Missouri 4,157 Mississippi 268 Montana 729 North Carolina 12,804 North Dakota 175 Nebraska 15,059 Ohio 16,440 Oklahoma 1,717 Pennsylvania 4,628 South Carolina 180 South Dakota 6,982 Tennessee 2,582 Wisconsin 471 -------------------------------------------------------------------------------- *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 www.ams.usda.gov/market-news/livestock-poultry-grain 0800C .