Iowa/Minnesota Daily Direct Prior Day Purchased Swine
LM_HG204
Des Moines, Iowa                Fri, Jan 11, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, January 10, 2019

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                2,606           3,937          3,837
  Other Market Formula (Futures/Options)   19,590          28,546         23,011
  Swine or Pork Market Formula             86,894          86,961         85,452
  Other Purchase Arrangement               23,678          21,829         24,729
  Negotiated Formula                          732             793            693
Packer Sold (all purchase types)            7,758           8,510         10,420
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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         1,825    19,590     85,369    23,678           0    130,462
  Base Price         51.00     60.58      56.28     60.76           *      57.66
Packer Sold
  Head Count                                                               7,758
  Base Price                                                               53.48
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 1,825

Compared to Prior Day's closing weighted average (LM_HG204),  1.05 lower

Base Price Rng $49.00 - $53.00, Wtd Avg $51.00, 5 Day Rolling Avg $50.84
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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): 1,825

*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#   -15.00 -9.54          175#   -3.00  0.00          205#    0.00  0.00
    155#   -11.82 -5.30          185#    0.00  0.00          215#    0.00  0.00
    165#    -5.00 -3.18          195#    0.00  0.00          225#   -1.59  0.00
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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): 90,165

Base Price Range $48.38 - $66.06, Weighted Average $56.08
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 612

Compared to Prior Day's closing weighted average (LM_HG204), 0.33 higher

Price Rng $39.10 - $42.00, Wtd Avg $40.65, 5 Day Rolling Avg $40.49
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 722

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

Barrows & Gilts (live basis, 240-320 lbs):  1,334

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

Iowa                 97,193             Minnesota             44,065
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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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