USDA ECB Daily Direct Hogs (AM)
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10/16 10:45 AM
USDA ECB Daily Direct Hogs (AM) 10/16 10:45 LM_HG209 Des Moines, Iowa Wed, Oct 16, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 16, 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 6,780 6,400 4,729 5,349 Other Market Formula (Futures/Options) 32,563 30,418 24,915 11,232 Swine or Pork Market Formula 25,325 21,285 23,394 26,460 Other Purchase Arrangement 26,408 20,853 21,616 21,085 Negotiated Formula 500 330 163 978 Packer Sold (all purchase types) 11,262 11,262 10,756 2,898 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): Compared to Prior Day's closing weighted average (LM_HG207), 1.07 higher Wtd Avg $57.75, -------------------------------------------------------------------------------- - NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- - COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- - 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 59.25 62.00 60.75 63.00 61.75 64.00 62.50 64.75 62.50 66.35 0.5 56.25 61.50 59.25 62.35 61.50 64.00 62.25 64.75 62.50 66.35 0.6 56.25 61.00 59.25 61.50 60.50 63.00 61.50 64.00 62.50 65.21 0.7 56.25 60.50 56.25 61.00 59.25 62.00 60.50 64.00 62.00 64.06 0.8 55.25 60.00 56.25 60.50 58.50 61.50 60.00 63.00 61.50 64.00 0.9 55.00 59.50 56.25 60.00 56.25 61.00 59.00 62.00 60.00 64.00 1.0 53.25 57.50 55.00 59.50 56.25 60.50 57.50 61.50 59.00 63.00 1.1 51.00 55.50 53.50 57.50 55.00 60.00 56.25 61.00 58.25 62.00 1.2 51.00 52.50 51.00 55.50 53.50 59.50 55.00 60.50 57.48 61.50 1.4 44.83 48.75 46.03 52.50 47.23 55.50 48.43 59.50 50.04 60.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.73 175# -4.00 1.00 205# -4.58 3.00 155# -30.00 0.00 185# -1.00 1.50 215# -4.58 3.00 165# -15.00 0.00 195# -1.15 3.00 225# -4.58 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 192.58 lb carcass, 0.55 inch back-fat, 6.69 square inch loin/2.23 inch loin depth, FFLI: 54.39% Price Range $61.50 - $64.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 25,332 Base Price Range $55.78 - $77.56, Weighted Average $64.73 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): Compared to Prior Day's closing weighted average (LM_HG207), 0.44 lower Wtd Avg $44.54, -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis
 
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