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USDA - AMS: Western Cornbelt Daily Direct Hogs Afternoon (2019-05-09)

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

LM_HG212
Des Moines, Iowa                Thu, May 09, 2019               USDA Market News

WESTERN CORNBELT 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                                3,206      3,206      3,931      2,508
Other Market Formula (Futures/Options)   24,455     24,455    315,009     19,834
Swine or Pork Market Formula             78,340     78,340     92,936     91,741
Other Purchase Arrangement               38,312     38,312     37,280     45,285
Negotiated Formula                            0          0        340        165
Packer Sold (all purchase types)          6,714      6,714      5,861      4,440
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,644

Compared to Prior Day's closing weighted average (LM_HG208), 0.06 higher

Base Price Rng $72.00 - $83.00, Wtd Avg $80.69, 5 Day Rolling Avg $80.22
--------------------------------------------------------------------------------
               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): 5,644

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
          WESTERN 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

*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  -3.37        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): 85,939

Base Price Range $72.74 - $84.98, Weighted Average $80.17
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 773

Compared to Prior Day's closing weighted average (LM_HG208), no comparison

Price Rng $57.00 - $63.00, Wtd Avg $61.91, 5 Day Rolling Avg $62.52
--------------------------------------------------------------------------------
               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): 1,163

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

Iowa                 87,777               Kansas                 3,150
Minnesota            46,718               Missouri               3,255
Nebraska             14,993               South Dakota           5,793
---------------------------------------------------------------------------------
*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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