Market Hog Fundamentals Flashcards
Heavier Hogs ______ Higher
Dress
More muscular equals
Higher dress
Gilts are more what than barrows?
Lean
What is key to selection of market hogs?
Composition
What are hog prices based on?
Percent of muscle or FFL
Secondary Evaluation
Body, Structure, and Design
What is a main muscle indicator
Skeletal Width`
Where does wholesale loin start?
Directly behind the blade
How has industry changed?
litter bearing farrow twice per year
90s - Early 2000s body type
lean, shapely, closed-up
mid 2000s body type
add body, width, accepts more fat cover
Current body type
maintain carcass, add length
acceptable fat cover
.5-.9 inches
What basis were hogs being sold on in mid 2000s?
lean value basis
Where are hogs kept? Why is it important?
Kept in confinement on concrete. They have to last
What is ideal structure?
Upheaded, level spined, hinged loose out of hip
How is the hog industry integrated?
vertically
Raise own hogs, contract to certain harvest facility
contract growers
3 Factors of %FFL (Fat Free Lean)
Carcass weight, LEA (Loin Eye Area), 10th rib fat
What percent of hogs are direct marketed to the packer?
60%
What fraction of hogs are sold on a carcass basis?
1/3
What correlates HCW and % of muscle to determine pricing?
matrix
What does the matrix reward?
Extreme % muscle and heavy carcasses
What does contract pricing vary on?
hog performance
