USDA PM Daily Direct Hogs                          07/11 15:00
LM_HG203
Des Moines, Iowa                Thu, Jul 11, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, July 11, 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                                6,380      6,380         30      9,760
Other Market Formula (Futures/Options)   41,880     41,880      2,610     30,394
Swine or Pork Market Formula            108,845    108,845     19,464    127,617
Other Purchase Arrangement               72,631     72,631      9,048     81,622
Negotiated Formula                          325        325          0      1,900
Packer Sold (all purchase types)         17,068     17,068      1,260      8,627
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,989

Compared to Prior Day's closing weighted average (LM_HG200),  0.28 higher

Base Price Rng $56.00 - $71.00, Wtd Avg $67.82, 5 Day Rolling Avg $66.95
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 325

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

Barrows & Gilts (carcass basis): 7,314

*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  65.10   56.00  67.00   56.00  67.87   59.00  69.25   61.50  71.10
1.0   53.00  65.00   55.00  65.17   56.00  66.55   59.00  67.93   60.50  69.78
1.1   52.00  63.00   55.00  63.52   56.00  65.00   56.00  66.29   60.50  68.13
1.2   52.00  61.00   53.00  61.54   55.00  63.00   56.00  64.31   59.00  66.15
1.4   48.50  55.00   52.00  58.00   53.00  58.00   55.00  61.00   56.00  61.00
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -6.59          175#   -3.00  1.00          205#   -5.27  3.00
    155#   -30.00  0.00          185#   -0.25  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: 200.72 lb carcass, 0.71 inch back-fat,
6.75 square inch loin/2.25 inch loin depth, FFLI: 51.80%

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

Barrows & Gilts (carcass basis): 113,052

Base Price Range $62.60 - $73.39, Weighted Average $68.67
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,334

Compared to Prior Day's closing weighted average (LM_HG200), 0.17 higher

Price Rng $51.00 - $53.50, Wtd Avg $52.41, 5 Day Rolling Avg $52.14
--------------------------------------------------------------------------------
               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): 1,334

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

Canada                  130               Iowa                  80,888
Illinois             25,190               Indiana               19,691
Kansas                2,131               Kentucky               2,710
Maryland                170               Michigan               9,077
Minnesota            44,641               Missouri               3,859
North Carolina       14,889               North Dakota             170
Nebraska             13,024               New York                 169
Ohio                 14,145               Oklahoma               2,924
Pennsylvania          4,565               South Dakota           5,567
Tennessee             2,239               Wisconsin                780
West Virginia           170
--------------------------------------------------------------------------------
*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

1500C



.