USDA ECB Daily Direct Hogs (PM)                    04/23 15:05
LM_HG210
Des Moines, Iowa                Tue, Apr 23, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Tuesday, April 23, 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                                4,615      4,615      3,636      4,175
Other Market Formula (Futures/Options)   15,708     15,708     17,254     11,171
Swine or Pork Market Formula             29,977     29,977     29,291     36,596
Other Purchase Arrangement               29,408     29,408     30,695     34,932
Negotiated Formula                          827        827        652      1,417
Packer Sold (all purchase types)         10,939     10,939     10,252      2,124
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,987

Compared to Prior Day's closing weighted average (LM_HG207), no comparision 

Base Price Rng $77.50 - $80.00, Wtd Avg $79.50, 5 Day Rolling Avg $79.50
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 165

*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): 4,152

*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   80.50  84.86   82.00  86.53   83.00  88.20   84.00  89.87   84.50  92.09
0.5   77.50  84.86   80.50  86.53   83.00  88.20   83.50  89.87   84.50  92.09
0.6   77.50  83.27   80.50  84.94   82.00  86.61   83.00  88.28   84.00  90.50
0.7   77.50  81.68   77.50  83.35   80.50  85.02   83.00  86.69   83.50  88.92
0.8   76.50  80.75   77.50  81.76   80.50  83.43   82.00  85.10   83.50  87.33
0.9   76.50  79.00   77.50  80.75   77.50  81.84   80.50  83.51   82.99  85.74
1.0   74.50  77.50   76.50  79.00   77.50  80.75   80.49  81.92   81.99  84.15
1.1   73.50  75.00   76.49  77.50   77.50  79.00   77.50  80.75   81.24  82.50
1.2   72.55  75.00   73.99  75.00   75.88  77.50   77.50  79.00   79.78  81.50
1.4   62.22  70.50   63.89  75.00   65.55  75.00   67.22  77.00   69.45  79.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.95          175#   -1.50  1.00          205#   -6.36  3.00
    155#   -30.00  0.00          185#    0.00  1.50          215#   -6.36  3.00
    165#   -15.00  0.00          195#   -1.59  3.00          225#   -6.36  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 198.48 lb carcass, 0.60 inch back-fat,
7.24 square inch loin/2.41 inch loin depth, FFLI: 53.85%

Price Range $83.00 - $88.28
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 32,589

Base Price Range $76.29 - $85.70, Weighted Average $82.07
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 552

Compared to Prior Day's closing weighted average (LM_HG207),  2.90 higher

Price Rng $61.00 - $64.00, Wtd Avg $62.85, 5 Day Rolling Avg $60.94
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 356

*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): 908

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

Illinois             16,393               Indiana               24,735
Kentucky                870               Michigan               9,300
Mississippi             286               North Carolina        12,788
Ohio                 13,221               Pennsylvania           3,863
Wisconsin               616
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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