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USDA - AMS: National Daily Direct Hogs Afternoon (2019-07-12)

USDA U.S. Department of Agriculture - July 12, 2019

LM_HG203
Des Moines, Iowa                Fri, Jul 12, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, July 12, 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                                5,805      5,805      3,179      6,502
Other Market Formula (Futures/Options)   47,269     47,269     36,084     32,844
Swine or Pork Market Formula            116,423    116,423    143,881    132,548
Other Purchase Arrangement               96,171     96,171     76,934     86,711
Negotiated Formula                          751        751        315      2,594
Packer Sold (all purchase types)         16,842     16,842     18,315      6,908
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,472

Compared to Prior Day's closing weighted average (LM_HG200),  0.16 higher

Base Price Rng $56.00 - $71.00, Wtd Avg $67.99, 5 Day Rolling Avg $67.19
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 751

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

Barrows & Gilts (carcass basis): 8,223

*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   59.00  71.00   60.50  72.50   61.50  73.14   62.50  74.52   63.00  76.37
0.5   56.00  70.37   59.00  71.75   61.50  73.14   62.00  74.52   63.00  76.37
0.6   56.00  69.50   59.00  70.44   60.50  71.82   61.50  73.20   62.50  75.05
0.7   56.00  68.00   56.00  69.12   59.00  70.50   61.50  71.89   62.00  73.73
0.8   55.00  67.00   56.00  68.00   59.00  69.18   60.50  70.57   62.00  72.41
0.9   55.00  66.00   56.00  67.00   56.00  67.87   59.00  69.25   61.50  71.10
1.0   53.00  65.00   55.00  66.00   56.00  67.00   59.00  68.00   60.50  69.78
1.1   52.00  63.00   55.00  64.00   56.00  66.50   56.00  67.50   60.50  68.50
1.2   52.00  61.00   53.00  62.00   55.00  66.00   56.00  67.00   59.00  68.00
1.4   48.50  55.00   52.00  59.00   53.00  62.00   55.00  66.00   56.00  67.00
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.59          175#   -4.00  1.00          205#   -5.27  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -5.27  3.00
    165#   -15.00  0.00          195#   -1.32  3.00          225#   -5.27  1.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.93 lb carcass, 0.71 inch back-fat,
6.84 square inch loin/2.28 inch loin depth, FFLI: 51.85%

Price Range $61.50 - $71.89
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 122,388

Base Price Range $60.75 - $73.68, Weighted Average $68.46
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 852

Compared to Prior Day's closing weighted average (LM_HG200), 0.09 higher

Price Rng $45.00 - $55.00, Wtd Avg $52.37, 5 Day Rolling Avg $52.17
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 0           5 Day Rolling Avg $--
--------------------------------------------------------------------------------
    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 852

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

Canada                  289               Delaware                  39
Georgia                 320               Iowa                 111,015
Illinois             28,243               Indiana               20,280
Kansas                3,412               Kentucky               2,002
Michigan              5,602               Minnesota             50,449
Missouri              3,722               Montana                  639
North Carolina       13,012               North Dakota             365
Nebraska             13,286               Ohio                  14,436
Oklahoma              2,760               Pennsylvania           3,895
South Dakota          6,689               Tennessee              2,316
Wisconsin               490
--------------------------------------------------------------------------------
*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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