Iowa/Minnesota Daily Direct Prior Day Purchased Swine
USDA - Tue Feb 12, 8:31AM CST
LM_HG204
Des Moines, Iowa                Tue, Feb 12, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Monday, February 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                                5,650           3,045          5,451
  Other Market Formula (Futures/Options)   19,631          22,331         14,967
  Swine or Pork Market Formula             88,133          82,733         78,554
  Other Purchase Arrangement              122,864         127,099         97,356
  Negotiated Formula                        1,141           2,715            208
Packer Sold (all purchase types)            6,516           8,410          8,985
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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         5,405    19,631     87,277   122,864           0    235,177
  Base Price         48.60     54.26      53.96     66.57           *      60.45
Packer Sold
  Head Count                                                               6,516
  Base Price                                                               52.23
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,405

Compared to Prior Day's closing weighted average (LM_HG204),  0.49 lower

Base Price Rng $45.00 - $49.00, Wtd Avg $48.60, 5 Day Rolling Avg $49.24
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (carcass basis): 5,405

*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 -8.19          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -4.55          185#   -0.25  2.00          215#   -0.25  3.00
    165#   -15.00 -2.73          195#    0.00  3.00          225#   -2.25  2.00
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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): 90,832

Base Price Range $47.06 - $61.41, Weighted Average $53.88
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 245

Compared to Prior Day's closing weighted average (LM_HG204), 1.11 lower

Price Rng $36.00 - $39.10, Wtd Avg $37.87, 5 Day Rolling Avg $39.20
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,141

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

Barrows & Gilts (live basis, 240-320 lbs):  1,386

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

Iowa                195,930             Minnesota             48,005
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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
0800C


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