LM_HG203 Des Moines, Iowa Thu, Jul 02, 2009 USDA Market News NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, July 2, 2009 (As of 1:30 PM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 30,249 21,940 13,838 26,337 Other Market Formula 15,836 12,154 46,685 21,805 Swine or Pork Market Formula 139,886 73,361 77,223 68,126 Other Purchase Arrangement 53,625 48,525 19,376 28,122 Packer Sold (all purchase types) 16,402 4,917 3,295 9,136 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 19,596 Compared to the prior day, base prices were 2.00 lower to 3.41 higher. Mostly steady to 1.25 higher with instances of 3.25 higher. Slow to moderate market activity with light to moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.52 higher Base Price Range $46.50 - $60.50, Weighted Average $56.99 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX 185 lb Carcass Basis (Defined by Muscle and Fat) LOIN AREA/DEPTH (INCHES) BACK-FAT 4.0/1.4 5.0/1.7 6.0/2.0 7.0/2.3 8.0/2.7 0.4 49.00 63.50 50.00 65.00 51.00 65.00 52.50 66.50 52.50 66.50 0.5 46.50 62.78 49.00 63.50 51.00 63.50 52.00 65.00 52.50 65.00 0.6 46.50 62.28 49.00 62.78 50.00 63.50 51.00 63.50 52.50 65.00 0.7 46.50 60.50 46.50 60.86 49.00 62.28 51.00 62.78 52.00 63.50 0.8 44.50 60.48 46.50 60.50 49.00 60.86 50.00 60.86 52.00 62.78 0.9 44.50 58.11 46.50 59.50 46.50 59.61 49.00 60.50 51.00 60.90 1.0 43.50 57.68 44.50 58.11 46.50 58.58 49.00 59.50 50.00 60.50 1.1 42.50 56.55 44.50 57.25 46.50 57.94 46.50 58.64 50.00 59.57 1.2 42.50 55.85 43.50 56.55 44.50 57.25 46.50 57.94 49.00 58.87 1.4 37.38 54.52 37.38 55.22 37.38 55.91 37.38 56.61 43.99 57.54 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.40 -1.05 175# -3.00 0.00 205# -4.33 0.00 155# -22.40 0.00 185# -0.55 0.00 215# -4.33 0.00 165# -8.40 0.00 195# -1.08 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 196.59 lb carcass, 0.71 inch back-fat, 6.87 square inch loin/2.29 inch loin depth, FFLI: 51.89% Price Range $51.00 - $62.78 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 74,099 Base Price Range $45.75 - $61.98, Weighted Average $54.66 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 2,862 Compared to Prior Day's closing weighted average (LM_HG200), 1.74 higher Price Range $41.97 - $46.50, Weighted Average $45.79 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 947 Canada 1,710 Delaware 80 Georgia 149 Iowa 75,752 Illinois 13,520 Indiana 17,068 Kentucky 1,364 Michigan 4,863 Minnesota 17,329 Missouri 2,119 Mississippi 1,758 North Carolina 968 Nebraska 6,887 New York 360 Ohio 9,071 Pennsylvania 2,839 South Carolina 117 South Dakota 3,090 Tennessee 1,226 Virginia 259 Wisconsin 175 -------------------------------------------------------------------------------- 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 1500C .