LM_HG200 ***RESENT FOR CORRECTIONS ON LIVE NEGOTIATED HOGS*** Des Moines, Iowa Thu, Feb 09, 2012 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, February 8, 2012 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated ***13,417*** 16,905 22,677 Other Market Formula 12,690 42,328 42,357 Swine or Pork Market Formula 170,829 147,759 161,507 Other Purchase Arrangement 42,047 37,108 40,327 Packer Sold (all purchase types) 17,737 18,972 17,544 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 10,022 12,265 163,369 41,372 227,028 Base Price 84.28 85.66 85.19 86.14 85.35 Packer Sold Head Count 12,072 Base Price 82.76 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 10,837 Compared to the prior day, on a plant by plant basis, weighted average base prices were 3.36 lower to 3.52 higher, mostly .75 lower to 1.25 higher with 3.50 higher. Slow to moderate market activity with light demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.24 higher Base Price Range $74.00 - $90.50, Weighted Average $84.75 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 77.00 91.50 78.50 92.50 79.50 94.00 80.50 95.50 81.00 96.50 0.5 74.00 90.50 77.00 91.50 79.50 93.25 80.00 94.75 81.00 96.00 0.6 74.00 89.50 77.00 90.50 78.50 92.50 79.50 94.00 80.50 95.50 0.7 74.00 88.50 74.00 89.50 77.00 91.50 79.50 93.25 80.00 94.75 0.8 73.00 87.50 74.00 88.50 77.00 90.50 78.50 92.50 80.00 94.00 0.9 73.00 86.50 74.00 87.50 74.00 89.50 77.00 91.50 79.50 93.25 1.0 71.00 85.50 73.00 86.50 74.00 88.50 77.00 90.50 78.50 92.50 1.1 70.00 84.50 73.00 85.50 74.00 87.50 74.00 89.50 78.50 91.50 1.2 70.00 84.50 71.00 84.50 73.00 86.50 74.00 88.50 77.00 90.50 1.4 66.50 84.50 70.00 84.50 71.00 84.50 73.00 86.50 74.00 88.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -1.59 175# -4.00 2.25 205# -6.36 4.50 155# -30.00 0.00 185# -1.50 4.00 215# -6.36 4.25 165# -15.00 0.00 195# -1.59 4.50 225# -6.36 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 200.30 lb carcass, 0.70 inch back-fat, 7.17 square inch loin/2.39 inch loin depth, FFLI: 52.22% Price Range $79.50 - $93.25 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 173,404 Base Price Range $74.89 - $91.93, Weighted Average $85.04 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): ***3,177*** Compared to Prior Day's closing weighted average (LM_HG200), ***1.59 higher*** Price Range $59.78 - ***$68.00***, Weighted Average ***$65.20*** -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 179 Canada 589 Colorado 1,674 Delaware 160 Iowa 93,343 Illinois 18,559 Indiana ***19,902*** Kansas 2,643 Kentucky 1,548 Maryland 170 Michigan 6,589 Minnesota 42,376 Missouri 3,119 Mississippi 301 Montana 751 North Carolina 15,584 North Dakota 200 Nebraska 16,391 New York 360 Ohio 11,087 Oklahoma 2,769 Pennsylvania 3,850 South Carolina 540 South Dakota 6,898 Tennessee 805 Texas 1,694 Utah 4,180 Wisconsin 459 -------------------------------------------------------------------------------- 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 .