Eastern Cornbelt Daily Direct Hogs Afternoon
LM_HG210
Des Moines, Iowa                Thu, May 16, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 16, 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                                6,907      6,907      2,895      2,251
Other Market Formula (Futures/Options)    6,938      6,938      8,390     32,106
Swine or Pork Market Formula             26,762     26,762     32,983     33,614
Other Purchase Arrangement               30,457     30,457     32,833     37,892
Negotiated Formula                        1,080      1,080      1,073      1,535
Packer Sold (all purchase types)         10,414     10,414     11,999      2,194
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,851

Compared to Prior Day's closing weighted average (LM_HG207),  1.09 lower

Base Price Rng $72.00 - $80.39, Wtd Avg $80.09, 5 Day Rolling Avg $80.51
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 160

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

Barrows & Gilts (carcass basis): 7,011

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

                             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   75.00  85.86   76.50  87.54   77.50  89.23   78.50  90.92   79.00  93.17
0.5   72.00  85.86   75.00  87.54   77.50  89.23   78.00  90.92   79.00  93.17
0.6   72.00  84.25   75.00  85.94   76.50  87.63   77.50  89.31   78.50  91.56
0.7   72.00  82.64   72.00  84.33   75.00  86.02   77.50  87.71   78.00  89.96
0.8   71.00  81.03   72.00  82.72   75.00  84.41   76.50  86.10   78.00  88.35
0.9   71.00  79.43   72.00  81.11   72.00  82.80   75.00  84.49   77.50  86.74
1.0   69.00  77.82   71.00  79.51   72.00  81.19   75.00  82.88   76.50  85.13
1.1   68.00  75.81   71.00  77.50   72.00  79.18   72.00  80.87   76.50  83.12
1.2   68.00  75.00   69.00  75.08   71.00  77.50   72.00  79.00   75.00  81.50
1.4   62.95  69.00   64.63  75.00   66.32  75.00   68.01  75.00   70.26  79.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -20.00 -8.04          175#   -1.50  0.00          205#   -6.43  0.00
    155#   -11.82  0.00          185#    0.00  0.00          215#   -6.43  0.00
    165#    -5.00  0.00          195#   -1.61  0.00          225#   -6.43  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 191.51 lb carcass, 0.63 inch back-fat,
6.84 square inch loin/2.28 inch loin depth, FFLI: 53.21%

Price Range $77.50 - $89.31
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 25,937

Base Price Range $74.79 - $87.94, Weighted Average $83.88
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 537

*Price not reported due to confidentiality* 5 Day Rolling Avg $62.70
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 605

*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): 1,142

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

Illinois             22,072               Indiana               18,119
Kentucky                936               Michigan               5,604
North Carolina       13,067               New York                 170
Ohio                 15,240               Pennsylvania           2,831
South Carolina          180               Wisconsin                494
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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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