National Daily Direct Hogs Morning
USDA - Tue Feb 12, 12:14PM CST
LM_HG202
Des Moines, Iowa                Tue, Feb 12, 2019               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 12, 2019
(Includes information from 1:30 PM to 9:30 AM.)

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                8,673      7,126      7,014      8,200
Other Market Formula (Futures/Options)   29,589     24,489     41,716     21,905
Swine or Pork Market Formula            108,400    100,916     99,431    103,554
Other Purchase Arrangement               56,473     46,094     51,523     63,066
Negotiated Formula                          611        611      1,718      1,140
Packer Sold (all purchase types)          5,663      5,663      4,840      7,556
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,110

Compared to Prior Day's closing weighted average (LM_HG200),  0.12 lower

Base Price Rng $45.50 - $49.45, Wtd Avg $48.76, 5 Day Rolling Avg $49.24
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (carcass basis): 8,110

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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               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  53.85   50.00  54.89   48.50  55.93   48.50  57.31
0.5   47.50  52.81   48.00  53.85   50.00  54.89   48.50  55.93   48.50  57.31
0.6   47.00  51.82   47.50  52.86   49.00  53.90   50.00  54.94   48.50  56.32
0.7   46.50  50.83   47.00  51.87   48.00  52.91   50.00  54.50   48.50  55.33
0.8   46.00  49.85   46.50  50.88   47.50  52.00   49.00  53.50   50.00  55.00
0.9   45.50  48.86   46.00  49.90   47.00  50.93   48.00  52.00   50.00  54.50
1.0   43.50  47.87   45.50  48.91   46.50  49.94   47.50  52.00   49.00  53.50
1.1   41.50  46.63   43.50  48.00   46.00  49.00   47.00  49.75   48.00  53.50
1.2   38.50  45.15   41.50  46.19   45.50  48.00   46.50  49.00   47.50  52.00
1.4   33.50  41.50   38.50  45.00   40.80  46.00   41.83  48.00   43.22  49.00
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                           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
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.61 lb carcass, 0.60 inch back-fat,
7.39 square inch loin/2.46 inch loin depth, FFLI: 53.87%

Price Range $50.00 - $54.94
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 100,973

Base Price Range $46.47 - $62.19, Weighted Average $54.42
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 133

Compared to Prior Day's closing weighted average (LM_HG200), 0.55 higher

Price Rng $36.00 - $40.50, Wtd Avg $38.86, 5 Day Rolling Avg $38.87
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 893

*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): 1,026

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

Canada                1,338               Iowa                  71,939
Illinois             14,816               Indiana                6,656
Kansas                2,058               Kentucky                 604
Michigan              4,355               Minnesota             35,662
Missouri              2,900               Mississippi              268
Montana                 431               North Carolina        12,973
North Dakota            175               Nebraska              12,656
Ohio                  9,334               Oklahoma               1,717
Pennsylvania          2,748               South Carolina           180
South Dakota          3,682               Tennessee                786
Wisconsin               471
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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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