Iowa/Minnesota Daily Direct Prior Day Purchased Swine
USDA - Wed Sep 11, 3:54AM CDT
LM_HG204
Des Moines, Iowa                Wed, Sep 11, 2019               USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Tuesday, September 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                                8,592           2,637          4,775
  Other Market Formula (Futures/Options)   17,072          38,638         28,034
  Swine or Pork Market Formula             67,704          68,767         84,294
  Other Purchase Arrangement               60,314          52,008         54,804
  Negotiated Formula                            0               0            863
Packer Sold (all purchase types)            9,048           7,451         12,138
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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         8,001    17,072     65,983    60,314           0    151,370
  Base Price         48.27     64.10      59.22     64.40           *      61.26
Packer Sold
  Head Count                                                               9,048
  Base Price                                                               53.20
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

Compared to Prior Day's closing weighted average (LM_HG204),  1.96 lower

Wtd Avg $48.71
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

*Price not reported due to confidentiality*  
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          COMBINED NEGOTIATED & FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):

*Price not reported due to confidentiality*  
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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#   -32.00 -8.64          175#   -4.00  1.00          205#    0.00  3.00
    155#   -30.00 -4.80          185#   -1.00  2.00          215#   -0.25  3.00
    165#   -15.00 -2.88          195#   -0.50  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): 68,239

Base Price Range $48.69 - $68.54, Weighted Average $59.12
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                   NEGOTIATED PURCHASE (Including Packer Sold)

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

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

Wtd Avg $39.84
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

*Price not reported due to confidentiality* 
---------------------------------------------------------------------------------
          COMBINED NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

*Price not reported due to confidentiality* 
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                108,191             Minnesota             54,539
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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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