DTN HOG CLOSE/TRENDS       09/23/19

DAILY DIRECT HOGS.

BASE MARKET HOG          RANGE         AVG    CHANGE
WESTERN CORNBELT  NA Due to UDSA Chgs$ 45.11   +0.77
EASTERN CORNBELT  NA Due to USDA Chgs$ 44.23   +0.21
IOWA/MINNESOTA    NA Due to USDA Chgs$ 45.14   +0.75
NATIONAL             $39.00-$46.00   $ 44.72   +0.58
*** See note below about the above changes. ***
SPECS - .65-1.1" back-fat, 6 square inch loin 4 2.0 depth
NATIONAL DAILY BASE LEAN HOG CARCASS SLAUGHTER COST
DATE    HD COUNT   AVG WT   49-50%    51-52%    53-54%
09/20   125,028    213.41   51.41     53.21     54.87
PORK CUTS                  CUTOUT/PRIMAL VALUES
 263.59 lds cuts         CARCASS  $ 70.18   +1.03
  28.02 lds trim         LOIN     $ 69.26   -0.13
                         BUTT     $ 85.64   +3.68
 291.60 Total Lds        PIC      $ 48.93   +0.77
                         RIB      $107.75   +2.25
                         HAM      $ 61.96   +2.01
                         BELLY    $ 97.81   +0.01
PORK TRIMMINGS:
                42% Trim Combo    $ 47.04
                72% Trim Combo    $ 56.79
FI KILL(WTD) MON 454( 454) WK AGO 487( 487) YR AGO 469( 469)
             **** REVISION ** FRI 440(2386) ** REVISION ****
             **** REVISION ** SAT 202(2588) ** REVISION ****
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
*DORCHSTR, WI  No Comp     30.00       430  No Comp   20.00      24.00    10-15
*GARNAVILLO,IA No Comp     30.00       130  No Comp   20.00      24.00    10-15
RED OAK, IA P  Sale 1st & 3rd Wednesday of Each Month
***Dorchester & Garnavillo are now Premise ID Hogs Only***
P = Private Source(not necessarily a terminal) * = Pre-opening Call; 
Carcass Basis 49-51% Carcass 185# 
DTN publishes private source hog prices as they are reported to us. DTN is
not responsible for the accuracy of these numbers.
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
WCB* WA  45.11 0.77 Hr NA Due to USDA Chngs(Prior Day)12.00-35.25 20.00-38.00
ECB* WA  44.23 0.03 Hr NA Due to USDA Chngs(Prior Day)22.50-36.75 26.00-38.50
IA/MN WA 45.14 0.75 Hr NA Due to USDA Chngs(Prior Day)12.00-35.25 20.00-38.00
NAT'L WA 44.72 0.46 Hr  39.00-46.00 13,067 (Prior Day)12.00-36.75 20.00-38.50
IL                                   1,475  Steady    15-21       18-26    4-15
VOLUME: IL  - 39,702  / IN/OH -  32,962 / IA/MN - 297,742
NEG:   WCB* -  5,404  /  ECB* -   6,831 / IA/MN -   3,660 / NAT'L  12,235
WCB, ECB, IA/MN and Nat'l are all plant delivered. (WA=Weighted Average;
NEG=Negotiated; WCB*=Western Cornbelt; ECB*=Eastern Cornbelt)

***USDA's Agricultural Marketing Service (AMS) has revised its Livestock 
Mandatory Reporting (LMR) direct swine reports to provide more continuous 
coverage of the regional negotiated swine markets. 

Since the implementation of LMR in 2001, the volume of barrows and gilts
purchased on a negotiated basis has declined from 17 percent of the market to
about 1 percent today.  The thinness of the negotiated market has made it
increasingly difficult for AMS to publish regional market information while
maintaining the confidentiality requirements set forth in the statute.

As requested by the pork industry, AMS will publish only weighted average
prices for carcass and live basis negotiated barrows and gilts and not show
the daily volumes or price ranges on the Iowa-Minnesota, Western Cornbelt, and
Eastern Cornbelt regional daily and prior day swine purchase reports going
forward. This revision allows AMS to publish as much regional data as possible
while preserving confidentiality.  The National swine purchase reports will
continue to include volume, price ranges, and weighted average prices for the
negotiated barrow and gilt market.  The other swine purchase types - other
market formula, swine or pork market formula, and other purchase arrangement
are not impacted by this revision.***