LM_HG204 Des Moines, Iowa Tue, Feb 09, 2010 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON PLANT LOCATION PLANT DELIVERED PURCHASE DATA FOR Monday, February 8, 2010 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 10,815 8,791 12,401 Other Market Formula 10,056 14,377 6,350 Swine or Pork Market Formula 91,206 91,333 104,854 Other Purchase Arrangement 46,327 63,842 56,576 Packer Sold (all purchase types) 13,466 12,343 12,267 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 7,530 10,056 87,250 46,327 151,163 Base Price 64.30 66.20 64.14 65.39 64.67 Packer Sold Head Count 12,566 Base Price 62.39 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,530 Compared to Prior Day's closing weighted average (LM_HG204), 0.56 higher Base Price Range $60.00 - $67.00, Weighted Average $64.30 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 62.50 69.50 63.50 69.50 64.34 69.12 64.34 70.50 64.34 70.50 0.5 60.00 71.00 62.50 71.00 64.50 69.50 64.89 69.76 64.34 71.04 0.6 60.00 69.75 62.50 71.00 63.50 71.00 64.50 69.66 65.34 70.40 0.7 60.00 69.66 60.00 69.75 62.50 69.75 64.50 71.00 65.50 71.00 0.8 58.00 69.66 60.00 69.66 62.50 69.75 63.00 69.75 64.50 71.00 0.9 58.00 67.00 60.00 67.00 60.00 68.50 62.50 68.50 63.00 69.75 1.0 57.00 66.44 58.00 67.00 60.00 67.00 62.00 67.00 63.00 68.50 1.1 55.34 62.57 58.00 64.50 60.00 64.50 60.00 67.00 61.11 67.20 1.2 55.34 62.57 55.34 62.57 55.34 63.36 58.00 65.28 60.00 66.56 1.4 46.84 60.16 46.84 60.80 46.84 62.08 46.84 63.36 52.29 65.28 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -25.80 -9.52 175# -3.20 0.00 205# 0.00 0.00 155# -25.80 -5.08 185# -0.64 0.00 215# -0.67 0.00 165# -9.68 -1.35 195# 0.00 0.00 225# -1.50 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.80 lb carcass, 0.70 inch back-fat, 6.90 square inch loin/2.30 inch loin depth, FFLI: 52.04% Price Range $64.50 - $71.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 99,816 Base Price Range $59.32 - $73.38, Weighted Average $63.92 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 2,983 Compared to Prior Day's closing weighted average (LM_HG204), 0.19 higher Price Range $44.74 - $53.00, Weighted Average $51.76 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 110,828 Minnesota 61,042 -------------------------------------------------------------------------------- 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 .