Iowa/Minnesota Daily Direct Prior Day Purchased Swine
USDA - Fri Jul 12, 4:04AM CDT
LM_HG204
Des Moines, Iowa                Fri, Jul 12, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, July 11, 2019

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                2,079           1,879          1,200
  Other Market Formula (Futures/Options)   20,906          22,081         15,244
  Swine or Pork Market Formula             75,605          99,789         76,749
  Other Purchase Arrangement               31,842          43,346         34,674
  Negotiated Formula                            0               0            695
Packer Sold (all purchase types)            6,831          10,995          7,162
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                NEGOTIATED     OTHER      SWINE     OTHER  NEGOTIATED    TOTALS/
                              MARKET    OR PORK  PURCHASE     FORMULA    WTD AVG
                             FORMULA     MARKET  ARRGMENT
                           (FUT/OPT)**  FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count         1,141    20,906     74,480    31,842           0    128,369
  Base Price         68.10     72.27      67.96     68.37           *      68.76
Packer Sold
  Head Count                                                               6,831
  Base Price                                                               70.40
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,791

Compared to Prior Day's closing weighted average (LM_HG204),  0.68 higher

Base Price Rng $60.00 - $71.00, Wtd Avg $69.82, 5 Day Rolling Avg $68.07
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
----------------------------------------------------------------------------------
          COMBINED NEGOTIATED & FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,791

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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

*Price not reported due to confidentiality*
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00-11.97          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -6.65          185#   -0.25  1.50          215#   -0.25  3.00
    165#   -15.00 -3.37          195#    0.00  3.00          225#   -2.25  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 76,118

Base Price Range $60.66 - $73.58, Weighted Average $67.98
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 857

Compared to Prior Day's closing weighted average (LM_HG204), no comparison

Price Rng $51.00 - $55.00, Wtd Avg $52.18, 5 Day Rolling Avg $51.51
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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 FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs):  857

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

Iowa                 92,298             Minnesota             44,965
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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.
** Futures/Options

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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