LM_HG200 Des Moines, Iowa Fri, May 24, 2013 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, May 23, 2013 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 11,216 16,422 15,027 Other Market Formula 30,895 37,575 38,548 Swine or Pork Market Formula 152,111 139,538 133,176 Other Purchase Arrangement 35,834 45,447 48,575 Packer Sold (all purchase types) 12,551 15,102 15,487 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 7,343 30,895 147,164 35,834 221,236 Base Price 90.37 88.04 91.39 92.56 91.08 Packer Sold Head Count 8,818 Base Price 89.81 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,343 Compared to the prior day, on a plant by plant basis, weighted average base prices were 2.09 lower to 0.86 higher, mostly steady to 0.75 higher with a few 0.50 lower. Slow market activity and light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.23 higher Base Price Range $81.00 - $94.50, Weighted Average $90.37 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS based on both Fat and Muscle Measurements for a 200 lb Carcass Basis LOIN AREA/DEPTH (INCHES) BF 4.0/ 1.4 5.0/ 1.7 6.0/ 2.0 7.0/ 2.3 8.0/ 2.7 0.4 84.00 99.62 85.50 100.79 86.50 103.22 87.50 105.02 88.00 106.82 0.5 81.00 98.00 84.00 99.17 86.50 101.60 87.00 103.40 88.00 105.20 0.6 81.00 96.37 84.00 97.55 85.50 99.98 86.50 101.78 87.50 103.58 0.7 81.00 94.75 81.00 95.92 84.00 98.36 86.50 100.16 87.00 101.96 0.8 80.00 93.50 81.00 94.50 84.00 96.74 85.50 98.54 87.00 100.34 0.9 80.00 92.00 81.00 93.50 81.00 95.11 84.00 96.92 86.50 98.72 1.0 78.00 91.50 80.00 92.00 81.00 93.49 84.00 95.29 85.50 97.10 1.1 77.00 89.50 80.00 90.34 81.00 92.00 81.00 93.67 85.50 95.47 1.2 77.00 87.50 78.00 88.87 80.00 91.50 81.00 92.50 84.00 93.50 1.4 73.50 81.97 77.00 86.02 78.00 87.50 80.00 91.50 81.00 92.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -9.01 175# -4.00 2.25 205# -7.21 4.50 155# -30.00 0.00 185# -1.00 4.00 215# -7.21 4.25 165# -15.00 0.00 195# -1.80 4.50 225# -7.21 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 197.70 lb carcass, 0.68 inch back-fat, 7.27 square inch loin/2.42 inch loin depth, FFLI: 52.61% Price Range $86.50 - $100.16 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 155,817 Base Price Range $82.85 - $99.49, Weighted Average $91.31 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 3,551 Compared to Prior Day's closing weighted average (LM_HG200), 1.46 lower Price Range $59.07 - $72.50, Weighted Average $69.76 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 182 Canada 15 Colorado 435 Georgia 4 Iowa 91,267 Illinois 16,388 Indiana 15,125 Kansas 5,134 Kentucky 1,845 Michigan 5,413 Minnesota 43,323 Missouri 2,484 North Carolina 14,364 North Dakota 185 Nebraska 10,829 New York 358 Ohio 18,759 Oklahoma 2,355 Pennsylvania 3,020 South Carolina 540 South Dakota 5,980 Tennessee 1,326 Texas 340 Utah 3,240 Wisconsin 655 -------------------------------------------------------------------------------- Source: USDA Market News Service, Des Moines, IA 515-284-4460 email: desm.lgmn@usda.gov 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/LSMarketNews 0800C .