National Daily Direct Afternoon Hog Report March 12, 2019

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, March 12, 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 7,581 7,581 16,979 13,892
Other Market Formula (Futures/Options) 99,624 99,624 34,962 336,470
Swine or Pork Market Formula 121,110 121,110 129,425 133,586
Other Purchase Arrangement 93,105 93,105 69,865 78,022
Negotiated Formula 1,538 1,538 1,874 2,524
Packer Sold (all purchase types) 16,649 16,649 19,562 9,314
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,053

Compared to Prior Day’s closing weighted average (LM_HG200), 2.42 higher

Base Price Rng $42.00 – $52.00, Wtd Avg $49.61, 5 Day Rolling Avg $46.53
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 325

*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): 9,378

*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 45.00 51.00 46.50 52.50 47.50 53.50 48.50 54.50 49.00 55.00
0.5 42.00 50.57 45.00 51.56 47.50 53.50 48.00 54.00 49.00 55.00
0.6 42.00 49.62 45.00 51.00 46.50 52.50 47.50 53.50 48.50 54.50
0.7 42.00 48.68 42.00 49.67 45.00 51.00 47.50 53.50 48.00 54.00
0.8 41.00 47.73 42.00 48.72 45.00 51.00 46.50 52.50 48.00 54.00
0.9 41.00 47.00 42.00 48.00 42.00 48.77 45.00 51.00 47.50 53.50
1.0 39.00 45.83 41.00 47.00 42.00 48.00 45.00 51.00 46.50 52.50
1.1 38.00 44.65 41.00 47.00 42.00 48.00 42.00 48.00 46.50 52.50
1.2 38.00 44.00 39.00 45.00 41.00 47.00 42.00 48.00 45.00 51.00
1.4 34.00 40.50 38.00 44.00 39.00 45.00 40.06 47.00 41.38 48.00
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CARCASS WEIGHT DIFFERENTIALS

145# -32.00 -4.74 175# -4.00 1.00 205# -3.79 3.00
155# -30.00 0.00 185# -1.00 2.00 215# -3.79 3.00
165# -15.00 0.00 195# -0.95 3.00 225# -3.79 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.11 lb carcass, 0.63 inch back-fat,
7.48 square inch loin/2.49 inch loin depth, FFLI: 53.47%

Price Range $47.50 – $53.50
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 127,366

Base Price Range $44.59 – $62.48, Weighted Average $51.44
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NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 787

Compared to Prior Day’s closing weighted average (LM_HG200), 0.56 higher

Price Rng $34.50 – $41.00, Wtd Avg $37.91, 5 Day Rolling Avg $36.30
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NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,268

*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): 2,055

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

Arkansas 118 Canada 222
Georgia 166 Iowa 115,592
Illinois 47,858 Indiana 24,144
Kansas 4,946 Kentucky 2,062
Maryland 150 Michigan 11,238
Minnesota 59,781 Missouri 4,353
Montana 419 North Carolina 15,803
North Dakota 375 Nebraska 15,088
New York 175 Ohio 22,927
Oklahoma 1,594 Pennsylvania 3,283
South Dakota 7,018 Tennessee 1,805
Wisconsin 490
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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

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