LM_HG204 Des Moines, Iowa Thu, Feb 09, 2012 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN 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 6,977 7,657 14,061 Other Market Formula 6,627 21,081 20,173 Swine or Pork Market Formula 91,473 77,575 79,423 Other Purchase Arrangement 20,848 21,730 22,605 Packer Sold (all purchase types) 9,794 13,127 9,475 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 5,347 6,627 87,034 20,848 119,856 Base Price 86.50 85.92 84.65 86.46 85.12 Packer Sold Head Count 9,794 Base Price 82.88 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,162 Compared to Prior Day's closing weighted average (LM_HG204), 0.55 higher Base Price Range $74.00 - $90.50, Weighted Average $87.03 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- IOWA/MINNESOTA 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# -30.00-13.00 175# -3.25 2.25 205# 0.00 4.50 155# -30.00 -6.09 185# -1.50 4.00 215# 0.00 4.25 165# -15.00 -2.61 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 206.30 lb carcass, 0.72 inch back-fat, 7.42 square inch loin/2.47 inch loin depth, FFLI: 52.03% Price Range $79.50 - $93.25 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 96,013 Base Price Range $75.55 - $90.87, Weighted Average $84.42 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,572 Compared to Prior Day's closing weighted average (LM_HG204), 0.33 higher Price Range $60.50 - $66.55, Weighted Average $64.98 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 93,343 Minnesota 42,376 -------------------------------------------------------------------------------- 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 .