LMR Swine Direct 

Reports

Kirk Hatfield

USDA Agricultural Marketing Service

Livestock, Poultry and Grain Market News Division
Purchase Types- Negotiated

Negotiated Purchase - A cash or spot market purchase by a packer of 

livestock from a producer under which the base price for the livestock is 

determined by seller-buyer interaction and agreement on a delivery day. The 

livestock are scheduled for delivery to the packer not more than 14 days 

after the date on which the livestock are committed to the packer.
Purchase Types- Other Market Formula

Other Market Formula Purchase - A purchase of swine by a packer in which 

the pricing mechanism is a formula price based on any market other than 

the market for swine, pork, or a pork product. The term “other market 

formula purchase” includes a formula purchase in a case which the price 

formula is based on 1 or more futures or options contracts.[
Purchase Types- Swine or Pork Market Formula

Swine or Pork Market Formula: A purchase of swine by a packer in which the 

pricing mechanism is a formula price based on a market for swine, pork, or a 

pork product, other than a future or option for swine, pork, or a pork 

product
Purchase Types- Other Purchase Arrangement

Other Purchase Arrangement: A purchase of swine by a packer that is not a 

negotiated purchase, swine or pork market formula purchase, or other 

market formula purchase; and does not involve packer-owned swine. 
Purchase Types- Negotiated Formula

Negotiated Formula Purchase: A swine or pork market formula purchase 

under which: 

(1) The formula is determined by negotiation on a lot-by-lot basis; and 

(2) The swine are scheduled for delivery to the packer not later than 14 

days after the date on which the formula is negotiated and swine are 

committed to the packer.
Purchase Types- Packer Owned and Packer Sold

Packer Owned: Swine that a packer (including a subsidiary or affiliate of the 

packer) owns for at least 14 days immediately before slaughter.

Packer Sold: The swine that are owned by a packer (including a subsidiary or 

affiliate of the packer) for more than 14 days immediately before sale for 

slaughter; and sold for slaughter to another packer
Purchase Types- Affiliate

Affiliate: With respect to a packer, means: (1) A person that directly or 

indirectly owns, controls, or holds with power to vote, 5 percent or more of 

the outstanding voting securities of the packer; (2) A person 5 percent or 

more of whose outstanding voting securities are directly or indirectly owned, 

controlled, or held with power to vote, by the packer; and(3) A person that 

directly or indirectly controls, or is controlled by or under common control 

with, the packer.
Poll Question:

Which purchase type accounts 

for the largest number of 

Barrows/Gilts?
Daily Direct Hog 

Purchase Reports

Prior Day LM_HG218 (3458)

https://www.ams.usda.gov/mnreports/ams_3458.pdf

Morning LM_HG216 (2674)

https://www.ams.usda.gov/mnreports/ams_2674.pdf

Afternoon LM_HG217 (2675)

https://www.ams.usda.gov/mnreports/ams_2675.pdf

Sows LM_HG234 (3452)

https://www.ams.usda.gov/mnreports/ams_3452.pdf
National Daily Hog 

Prior Day Slaughter Reports

National Daily Direct Hog Prior Day Report - Slaughtered Swine LM_HG201 (2511)

https://www.ams.usda.gov/mnreports/ams_2511.pdf

National Daily Base Lean Hog Carcass 

Slaughter Cost LM_HG213 (2523)

https://www.ams.usda.gov/mnreports/ams_2523.pdf

National Daily Direct Hog Prior Day Report - Average Net Price Distribution 

LM_HG215 (2673)

https://www.ams.usda.gov/mnreports/ams_2673.pdf
Weekly Swine Reports

Weekly National Direct Swine Report 

LM_HG214 (2524)

https://www.ams.usda.gov/mnreports/ams_2524.pdf

National Weekly Direct Swine NonCarcass Merit Premium 

LM_HG250 (2701)

https://www.ams.usda.gov/mnreports/ams_2701.pdf
Contact Information

Kirk Hatfield

Livestock, Poultry & Grain Market News

Email: KirkJ.Hatfield@usda.gov

Phone: 515-284-4460

Livestock, Poultry & Grain Market News homepage:

https://www.marketnews.usda.gov/mnp/ls-home