LM_HG204 Des Moines, Iowa Fri, Nov 06, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON PLANT LOCATION PLANT DELIVERED PURCHASE DATA FOR Thursday, November 5, 2009 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 8,994 9,125 19,100 Other Market Formula 28,054 27,305 10,714 Swine or Pork Market Formula 89,075 97,080 73,601 Other Purchase Arrangement 6,660 6,890 16,475 Packer Sold (all purchase types) 13,705 16,730 13,167 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 7,141 28,054 87,776 6,660 129,631 Base Price 53.97 61.15 54.17 55.63 55.74 Packer Sold Head Count 12,625 Base Price 53.10 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,941 Compared to Prior Day's closing weighted average (LM_HG204), 1.52 lower Base Price Range $44.50 - $56.00, Weighted Average $53.82 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 47.00 60.00 48.00 59.00 49.00 58.86 50.50 60.00 50.50 60.00 0.5 44.50 60.00 47.00 60.00 49.00 60.00 50.00 59.41 50.50 60.50 0.6 44.50 59.50 47.00 60.00 48.00 60.00 49.00 60.00 50.50 59.95 0.7 44.50 58.05 44.50 58.05 47.00 59.50 49.00 60.00 50.00 60.00 0.8 42.50 58.05 44.50 58.05 47.00 58.05 48.00 58.05 50.00 60.00 0.9 42.50 55.36 44.50 55.36 44.50 56.14 47.00 57.23 49.00 58.32 1.0 41.50 55.36 42.50 55.36 44.50 55.59 47.00 56.68 48.00 57.77 1.1 40.50 52.87 42.50 53.41 44.50 54.50 44.50 56.14 48.00 57.23 1.2 40.50 52.32 41.50 52.87 42.50 53.96 44.50 55.59 47.00 56.68 1.4 36.70 51.23 36.70 51.78 36.70 52.87 36.70 53.96 42.95 55.59 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -4.24 185# -0.55 0.00 215# -0.67 0.00 165# -8.06 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.80 lb carcass, 0.76 inch back-fat, 6.69 square inch loin/2.23 inch loin depth, FFLI: 50.98% Price Range $48.00 - $58.05 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 98,601 Base Price Range $41.52 - $58.71, Weighted Average $54.05 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,588 Compared to Prior Day's closing weighted average (LM_HG204), 0.44 lower Price Range $36.54 - $43.50, Weighted Average $41.52 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 107,633 Minnesota 38,855 -------------------------------------------------------------------------------- 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 .