USDA PM Daily Direct Hogs                          09/20 14:55
LM_HG203
Des Moines, Iowa                Fri, Sep 20, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, September 20, 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                               11,960     11,960     10,811     10,330
Other Market Formula (Futures/Options)   45,393     45,393    145,085     53,623
Swine or Pork Market Formula            120,852    120,852    117,320    133,032
Other Purchase Arrangement               82,524     82,524     84,355     95,784
Negotiated Formula                          310        310        660      2,183
Packer Sold (all purchase types)          8,681      8,681     15,454      6,684
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 12,412

Compared to Prior Day's closing weighted average (LM_HG200),  0.22 lower

Base Price Rng $39.00 - $45.00, Wtd Avg $44.14, 5 Day Rolling Avg $44.75
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 310

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

Barrows & Gilts (carcass basis): 12,722

*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   42.00  48.50   43.50  50.00   44.50  51.00   45.50  51.50   46.00  51.50
0.5   39.00  48.00   42.00  49.00   44.50  50.00   45.00  51.00   46.00  51.50
0.6   39.00  47.00   42.00  48.00   43.50  49.00   44.50  50.00   45.50  51.00
0.7   39.00  46.00   39.00  47.00   42.00  48.50   44.50  49.00   45.00  50.50
0.8   38.00  45.25   39.00  46.00   42.00  47.00   43.50  48.50   45.00  50.00
0.9   38.00  44.00   39.00  45.25   39.00  46.00   42.00  47.50   44.50  48.50
1.0   36.00  42.37   38.00  44.00   39.00  45.25   42.00  46.00   43.50  47.50
1.1   35.00  41.28   38.00  42.19   39.00  44.50   39.00  45.50   43.50  47.50
1.2   35.00  39.96   36.00  40.88   38.00  44.00   39.00  45.00   42.00  46.00
1.4   31.50  35.50   35.00  39.50   36.00  40.00   37.03  44.00   38.26  45.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.38          175#   -4.00  1.00          205#   -3.50  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -3.50  3.00
    165#   -15.00  0.00          195#   -0.88  3.00          225#   -3.50  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 201.62 lb carcass, 0.63 inch back-fat,
6.96 square inch loin/2.32 inch loin depth, FFLI: 53.17%

Price Range $44.50 - $50.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 118,815

Base Price Range $43.01 - $68.52, Weighted Average $53.06
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 281

*Price not reported due to confidentiality* 5 Day Rolling Avg $36.71
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (live basis, 240-320 lbs): 281

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

Canada                  736               Iowa                  89,738
Illinois             26,714               Indiana               25,393
Kansas                2,525               Kentucky               1,340
Michigan              8,971               Minnesota             49,564
Missouri              3,939               Montana                  215
North Carolina        7,337               North Dakota             370
Nebraska             18,450               Ohio                  16,798
Oklahoma              3,749               Pennsylvania           4,397
South Dakota          7,376               Tennessee                821
Wisconsin             1,287
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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

1500C



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