Eastern Cornbelt Daily Direct Hogs Morning
LM_HG209
Des Moines, Iowa                Fri, Dec 13, 2019               USDA Market News

EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, December 13, 2019
(Includes information from 1:30 PM to 9:30 AM.)

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                9,343      9,343      3,808      3,413
Other Market Formula (Futures/Options)   15,288     14,715      6,048     19,755
Swine or Pork Market Formula             28,753     25,688     24,203     29,093
Other Purchase Arrangement               24,767     20,102     22,514     22,171
Negotiated Formula                            0          0          0      1,886
Packer Sold (all purchase types)         15,818     15,818     12,544      2,945
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

Compared to Prior Day's closing weighted average (LM_HG207),  0.06 higher

Wtd Avg $48.42, 5 Day Rolling Avg $48.38
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

*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):

*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   45.00  52.75   46.50  54.25   47.50  54.36   48.50  55.75   49.00  56.76
0.5   42.00  52.30   45.00  53.33   47.50  54.36   48.00  55.39   49.00  56.76
0.6   42.00  51.32   45.00  52.35   46.50  53.38   47.50  54.41   48.50  55.78
0.7   42.00  50.34   42.00  51.37   45.00  52.40   47.50  53.43   48.00  54.80
0.8   41.00  49.36   42.00  50.39   45.00  51.42   46.50  52.45   48.00  53.82
0.9   41.00  48.38   42.00  49.41   42.00  50.44   45.00  51.47   47.50  52.84
1.0   39.00  47.40   41.00  48.43   42.00  49.46   45.00  50.49   46.50  51.86
1.1   38.00  46.18   41.00  47.21   42.00  48.24   42.00  49.26   46.50  50.64
1.2   38.00  44.71   39.00  45.74   41.00  46.77   42.00  47.79   45.00  49.17
1.4   34.50  38.34   38.00  39.75   39.00  40.40   41.00  42.75   42.00  42.80
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -25.00 -4.90          175#   -3.00  0.00          205#   -3.92  0.00
    155#   -11.82  0.00          185#    0.00  0.00          215#   -3.92  0.00
    165#    -5.00  0.00          195#   -0.98  0.00          225#   -3.92  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 197.17 lb carcass, 0.58 inch back-fat,
6.60 square inch loin/2.20 inch loin depth, FFLI: 53.78%

Price Range $47.50 - $54.41
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 27,554

Base Price Range $46.78 - $81.16, Weighted Average $57.16
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                   NEGOTIATED PURCHASE (Including Packer Sold)

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

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

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

*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):

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

Georgia                 180               Illinois              18,787
Indiana              12,644               Kentucky               1,410
Michigan              4,958               North Carolina        15,098
Ohio                 14,404               Pennsylvania           2,497
South Carolina          360               Tennessee                804
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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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