Iowa/Minnesota Daily Direct Hogs Afternoon
LM_HG206
Des Moines, Iowa                Fri, Jan 11, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, January 11, 2019
(Includes information from 1:30 PM to 1:30 PM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                2,579      2,579      3,029      2,804
Other Market Formula (Futures/Options)   16,128     16,128     17,122     16,141
Swine or Pork Market Formula             92,379     92,379     96,440     68,619
Other Purchase Arrangement               18,938     18,938     23,640     21,398
Negotiated Formula                            0          0          0          0
Packer Sold (all purchase types)          5,338      5,338      8,482      4,254
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,393

Compared to Prior Day's closing weighted average (LM_HG204), 0.27 lower

Base Price Rng $49.00 - $53.00, Wtd Avg $50.73, 5 Day Rolling Avg $51.06
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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 & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,393

*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#   -27.75-10.00          175#   -3.00 -1.00          205#    0.00  2.00
    155#   -27.75 -9.00          185#   -0.25  2.00          215#   -0.25  2.00
    165#   -15.00 -3.37          195#    0.00  2.00          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): 101,595

Base Price Range $48.56 - $66.06, Weighted Average $56.14
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 499

Compared to Prior Day's closing weighted average (LM_HG204), 0.09 lower

Price Rng $37.00 - $42.00, Wtd Avg $40.56, 5 Day Rolling Avg $39.82
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 833

*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): 1,332

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

Iowa                101,514               Minnesota             49,775
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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

1500C