LM_HG204 Des Moines, Iowa Fri, Jul 03, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, July 2, 2009 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 10,709 6,765 Other Market Formula 8,068 48,332 Swine or Pork Market Formula 69,372 84,274 Other Purchase Arrangement 36,166 6,259 Packer Sold (all purchase types) 10,453 7,553 0 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 9,261 8,068 67,867 36,166 121,362 Base Price 58.76 57.05 56.81 72.80 61.74 Packer Sold Head Count 9,685 Base Price 51.78 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,941 Compared to Prior Day's closing weighted average (LM_HG204), 0.77 higher Base Price Range $46.50 - $60.50, Weighted Average $58.67 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- IOWA/MINNESOTA 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 64.00 50.00 65.00 51.00 65.00 52.50 66.50 52.50 66.50 0.5 46.50 64.00 49.00 64.00 51.00 64.00 52.00 65.00 52.50 65.00 0.6 46.50 63.50 49.00 64.00 50.00 64.00 51.00 64.00 52.50 65.00 0.7 46.50 61.00 46.50 62.00 49.00 63.50 51.00 64.00 52.00 64.00 0.8 44.50 60.48 46.50 61.00 49.00 62.00 50.00 62.00 52.00 64.00 0.9 44.50 58.00 46.50 59.50 46.50 60.00 49.00 61.00 51.00 62.00 1.0 43.50 57.68 44.50 58.00 46.50 58.00 49.00 59.50 50.00 61.00 1.1 42.50 55.50 44.50 55.50 46.50 57.50 46.50 58.00 50.00 59.50 1.2 42.50 54.32 43.50 54.32 44.50 55.50 46.50 55.50 49.00 57.50 1.4 39.00 50.00 39.41 50.50 39.41 50.50 39.41 53.50 43.99 53.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.40 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.40 -6.76 185# 0.00 0.00 215# -0.67 0.00 165# -8.40 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 199.50 lb carcass, 0.73 inch back-fat, 6.69 square inch loin/2.23 inch loin depth, FFLI: 51.45% Price Range $51.00 - $64.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 76,872 Base Price Range $49.66 - $62.56, Weighted Average $56.17 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,333 Compared to Prior Day's closing weighted average (LM_HG204), 1.27 higher Price Range $40.83 - $46.50, Weighted Average $44.75 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 105,640 Minnesota 29,128 -------------------------------------------------------------------------------- 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 .