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                           DTN HOG CLOSE/TRENDS       04/23/24

DAILY DIRECT HOGS.

BASE MARKET HOG               AVG     CHANGE
 EASTERN CORNBELT           $92.18   No Comp
 WESTERN CORNBELT           $91.74     +0.83
 IOWA/MINNESOTA             $91.62     +0.71
                 RANGE        AVG     CHANGE
 NATIONAL    $84.00-$94.00  $91.85     +1.54
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%
04/22    67,729    211.38   87.43     89.32     91.13

**** THE USDA HAS REVISED THE AFTERNOON NAT'L DAILY PORK REPORT ****
     **** CORRECTIONS ARE NOTED WITH A * BEHIND THE CHANGE ****
NATIONAL DAILY PORK REPORT FOB PLANT - NEGOTIATED SALES
 274.51 lds cuts         CARCASS  $ 96.89*  -4.81-
  18.47 lds trim         LOIN     $ 98.12   -0.36
                         BUTT     $131.30   +1.83
 292.97 total lds        PIC      $ 78.78   -1.96
                         RIB      $165.25   -4.11
                         HAM      $ 81.90*  -2.65*
                         BELLY    $110.78  -23.70
PORK TRIMMINGS:
                42% Trim Combo    $ 74.83
                72% Trim Combo    $ 98.99
FI KILL(WTD) TUE 486( 968) WK AGO 486( 968) YR AGO 468( 935)
             **** REVISION ** MON 482( 485) ** REVISION ****
LOCATION       TREND    BAR/GILTS     HEAD SOW TREND LT SOWS HVY SOWS BOARS
*DORCHSTR, WI  Steady     52.00        470  Steady    39-40   41-42    10.00
*GARNAVILLO,IA Steady     52.00         60  Steady    39-40   41-42    10.00
*RED OAK, IA   Sales take place on the 1st & 3rd Wednesday of each month
*ILLINOIS SLAUGHTER SOWS & BOARS     1,200  Steady    45-51   51-57     8-28
***Dorchester & Garnavillo are now Premise ID Hogs Only***
* = Private Source(not necessarily a terminal);
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        LT SOWS      HVY SOWS
ECB* WA  $92.18 No Comp  / 47.25-66.50  59.98-67.50 (Prior Day)
WCB* WA  $91.74 No Comp  / 26.00-64.50  54.87-66.00 (Prior Day)
IA/MN WA $91.62 No Comp  / 26.00-64.50  57.62-66.00 (Prior Day)
NAT'L WA $91.85 0.84 Lr  / 26.00-66.50  49.52-67.50 (Prior Day)
NAT'L BAR/GILTS FULL RANGE: $84.00-$94.00 /  #HEAD   4,249
      *** Trend is the difference between the AM and PM reports ***
VOLUME BY STATE OF ORIGIN:  IL  -  20,887 / IN/OH - 32,572 / IA/MN - 226,113
NEG VOLUME BY PURCHASE TYPE: ESTIMATED - NAT'L  6,328 / ACTUAL TODAY:  6,328
WCB, ECB, IA/MN and Nat'l are all plant delivered. (WA=Weighted Average; 
NEG=Negotiated; WCB*=Western Cornbelt; ECB*=Eastern Cornbelt)

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Futures and commodities trading involves significant risk of loss and is not suitable for every investor. Information herein is strictly the opinion of its author and is intended for informational purposes. Information is obtained from sources believed to be reliable but is in no way guaranteed. Neither Northern Crops Marketing nor its employees are liable or responsible for its use. Opinions, data, and recommendations are subject to change; past performance is not indicative of future results.
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