Market Hog Fundamentals

Question 1

Heavier Hogs ______ Higher

Answer 1

Dress

Question 2

More muscular equals

Answer 2

Higher dress

Question 3

Gilts are more what than barrows?

Answer 3

Lean

Question 4

What is key to selection of market hogs?

Answer 4

Composition

Question 5

What are hog prices based on?

Answer 5

Percent of muscle or FFL

Question 6

Secondary Evaluation

Answer 6

Body, Structure, and Design

Question 7

What is a main muscle indicator

Answer 7

Skeletal Width`

Question 8

Where does wholesale loin start?

Answer 8

Directly behind the blade

Question 9

How has industry changed?

Answer 9

litter bearing farrow twice per year

Question 10

90s - Early 2000s body type

Answer 10

lean, shapely, closed-up

Question 11

mid 2000s body type

Answer 11

add body, width, accepts more fat cover

Question 12

Current body type

Answer 12

maintain carcass, add length

Question 13

acceptable fat cover

Answer 13

.5-.9 inches

Question 14

What basis were hogs being sold on in mid 2000s?

Answer 14

lean value basis

Question 15

Where are hogs kept? Why is it important?

Answer 15

Kept in confinement on concrete. They have to last

Question 16

What is ideal structure?

Answer 16

Upheaded, level spined, hinged loose out of hip

Question 17

How is the hog industry integrated?

Answer 17

vertically

Question 18

Raise own hogs, contract to certain harvest facility

Answer 18

contract growers

Question 19

3 Factors of %FFL (Fat Free Lean)

Answer 19

Carcass weight, LEA (Loin Eye Area), 10th rib fat

Question 20

What percent of hogs are direct marketed to the packer?

Answer 20

60%

Question 21

What fraction of hogs are sold on a carcass basis?

Answer 21

1/3

Question 22

What correlates HCW and % of muscle to determine pricing?

Answer 22

matrix

Question 23

What does the matrix reward?

Answer 23

Extreme % muscle and heavy carcasses

Question 24

What does contract pricing vary on?

Answer 24

hog performance

Question 25

Why is there a substantial difference between hog pricing in 2014 and 2015?

Answer 25

PEDV (Porcine Epidemic Diarrhea virus)

Question 26

Why is selecting genetic lines for breeding beneficial?

Answer 26

Improves mating decisions for predictability in hog performance

Question 27

Breeding companies

Answer 27

PIC (Pig Improvement Company), Monsanto, Fast Genetics, DanBred

Question 28

Carcass Evaluation Hogs

Answer 28

Lbs FFL = 8.588 - (21.896 x BF) + (3.005 x LEA) + (.465 x HCW)
Lbs FFL/HCW = % muscle