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USDA - AMS: Iowa/Minnesota Daily Direct Hogs Afternoon (2019-05-09)

USDA U.S. Department of Agriculture - May 9, 2019

LM_HG206
Des Moines, Iowa                Thu, May 09, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 9, 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                                1,351      1,351      3,447      2,158
Other Market Formula (Futures/Options)   15,800     15,800    302,787     12,413
Swine or Pork Market Formula             65,291     65,291     75,494     73,202
Other Purchase Arrangement               24,470     24,470     20,449     26,079
Negotiated Formula                            0          0        340        165
Packer Sold (all purchase types)          5,560      5,560      4,549      3,638
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,359

Compared to Prior Day's closing weighted average (LM_HG204), 0.47 higher

Base Price Rng $73.00 - $83.00, Wtd Avg $81.10, 5 Day Rolling Avg $80.52
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
--------------------------------------------------------------------------------
    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,359

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
           IOWA/MINNESOTA 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

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00-13.00          175#   -3.25  1.00          205#    0.00  3.00
    155#   -30.00 -7.30          185#   -1.50  1.50          215#   -0.25  3.00
    165#   -15.00 -4.38          195#    0.00  3.00          225#   -2.25  1.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 75,967

Base Price Range $72.74 - $84.98, Weighted Average $80.01
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 743

Compared to Prior Day's closing weighted average (LM_HG204), no comparison

Price Rng $57.00 - $63.00, Wtd Avg $62.01, 5 Day Rolling Avg $62.01
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 390

*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): 1,133

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

Iowa                 87,777               Minnesota             46,718
--------------------------------------------------------------------------------
*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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