LM_HG200 Des Moines, Iowa Fri, May 17, 2013 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, May 16, 2013 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 16,422 13,602 17,795 Other Market Formula 37,575 23,459 34,656 Swine or Pork Market Formula 139,538 166,080 136,008 Other Purchase Arrangement 45,447 38,763 46,158 Packer Sold (all purchase types) 15,102 21,899 14,564 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 7,169 37,575 133,862 45,447 224,053 Base Price 90.14 86.90 90.76 92.08 90.36 Packer Sold Head Count 9,762 Base Price 89.45 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,977 Compared to the prior day, on a plant by plant basis, weighted average base prices were unchanged to 4.40 higher, trading occurred throughout the full range. Slow market activity and light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.97 lower Base Price Range $79.00 - $96.00, Weighted Average $90.22 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 82.00 99.14 83.50 100.50 84.50 102.73 85.50 104.52 86.00 106.31 0.5 79.00 97.53 82.00 99.00 84.50 101.11 85.00 102.91 86.00 104.70 0.6 79.00 97.50 82.00 97.50 83.50 99.50 84.50 101.29 85.50 103.09 0.7 79.00 96.00 79.00 96.00 82.00 97.89 84.50 99.68 85.00 101.47 0.8 78.00 95.00 79.00 96.00 82.00 96.27 83.50 98.07 85.00 99.86 0.9 78.00 93.00 79.00 95.00 79.00 95.00 82.00 96.45 84.50 98.25 1.0 76.00 93.00 78.00 93.00 79.00 93.05 82.00 95.00 83.50 96.63 1.1 75.00 91.00 78.00 91.00 79.00 93.00 79.00 93.50 83.50 95.02 1.2 75.00 89.00 76.00 89.00 78.00 92.00 79.00 93.00 82.00 94.00 1.4 71.50 83.00 75.00 86.02 76.00 88.00 78.00 92.00 79.00 93.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -8.96 175# -4.00 2.25 205# -7.17 4.50 155# -30.00 0.00 185# -1.00 4.00 215# -7.17 4.25 165# -15.00 0.00 195# -1.79 4.50 225# -7.17 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 200.90 lb carcass, 0.70 inch back-fat, 7.33 square inch loin/2.44 inch loin depth, FFLI: 52.31% Price Range $84.50 - $99.68 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 142,486 Base Price Range $83.84 - $98.51, Weighted Average $90.69 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 8,880 Compared to Prior Day's closing weighted average (LM_HG200), 1.64 higher Price Range $62.00 - $72.00, Weighted Average $71.56 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 360 Canada 310 Colorado 660 Georgia 99 Iowa 100,509 Illinois 16,232 Indiana 14,276 Kansas 3,450 Kentucky 2,085 Michigan 13,703 Minnesota 44,151 Missouri 3,328 North Carolina 13,231 North Dakota 44 Nebraska 6,369 New York 179 Ohio 16,542 Oklahoma 2,421 Pennsylvania 3,529 South Carolina 482 South Dakota 4,079 Tennessee 1,467 Texas 866 Utah 4,680 Wisconsin 1,032 -------------------------------------------------------------------------------- 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 .