National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Mon, Dec 02, 2019               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Monday, December 2, 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                               11,041     11,041      9,876      9,386
Other Market Formula (Futures/Options)   59,226     59,226     48,883     52,669
Swine or Pork Market Formula            203,100    203,100    184,881    169,367
Other Purchase Arrangement              138,579    138,579    195,088    208,825
Negotiated Formula                        2,258      2,258      1,512      2,159
Packer Sold (all purchase types)         25,141     25,141     24,227     13,563
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 12,809

Compared to Prior Day's closing weighted average (LM_HG200),  0.77 higher

Base Price Rng $40.00 - $45.00, Wtd Avg $43.57, 5 Day Rolling Avg $42.90
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 1,064

*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): 13,873

*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   43.00  46.87   44.50  47.80   45.50  48.72   46.50  49.64   47.00  50.87
0.5   40.00  46.87   43.00  47.80   45.50  48.72   46.00  49.64   47.00  50.87
0.6   40.00  46.00   43.00  46.92   44.50  47.84   45.50  48.76   46.50  49.99
0.7   40.00  45.12   40.00  46.04   43.00  46.96   44.00  47.88   45.50  49.11
0.8   39.00  44.24   40.00  45.16   42.50  46.08   42.50  47.01   44.00  48.24
0.9   39.00  43.36   40.00  44.29   40.00  45.21   42.50  46.13   42.50  47.50
1.0   37.00  42.49   39.00  43.41   39.50  44.33   41.50  45.25   42.50  46.50
1.1   36.00  41.39   37.50  42.31   39.50  43.23   39.50  44.15   41.50  46.50
1.2   35.50  40.07   35.50  40.99   37.50  41.92   37.50  42.84   39.50  45.00
1.4   29.50  34.50   32.50  38.00   32.50  39.00   35.50  41.00   35.50  42.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -4.39          175#   -3.00  1.00          205#   -3.51  3.00
    155#   -30.00  0.00          185#   -0.25  2.00          215#   -3.51  3.00
    165#   -15.00  0.00          195#   -0.88  3.00          225#   -3.51  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 205.96 lb carcass, 0.66 inch back-fat,
7.27 square inch loin/2.42 inch loin depth, FFLI: 52.85%

Price Range $44.00 - $47.88
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 208,758

Base Price Range $41.10 - $77.76, Weighted Average $57.34
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 894

Compared to Prior Day's closing weighted average (LM_HG200), 0.14 higher

Base Price Rng $33.50 - $35.70, Wtd Avg $34.99, 5 Day Rolling Avg $34.25
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,194

*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): 2,088

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

Canada                1,320               Georgia                   18
Iowa                174,653               Illinois              36,939
Indiana              28,745               Kansas                 8,370
Kentucky              2,061               Maryland                 170
Michigan              8,903               Minnesota             82,434
Missouri              6,931               Mississippi              250
Montana                 873               North Carolina        19,398
North Dakota            175               Nebraska              29,808
Ohio                 14,740               Oklahoma               5,330
Pennsylvania          3,785               South Carolina           360
South Dakota         14,861               Tennessee              1,954
Wisconsin               842               West Virginia            170
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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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