LM_HG204 Des Moines, Iowa Fri, Nov 20, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON PLANT LOCATION PLANT DELIVERED PURCHASE DATA FOR Thursday, November 19, 2009 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 10,377 11,576 11,658 Other Market Formula 11,849 20,848 11,383 Swine or Pork Market Formula 82,688 91,356 80,554 Other Purchase Arrangement 6,050 8,608 10,825 Packer Sold (all purchase types) 15,319 21,444 11,771 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 8,747 11,849 81,451 6,050 108,097 Base Price 50.95 53.25 51.43 52.62 51.66 Packer Sold Head Count 13,519 Base Price 51.37 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 12,372 Compared to Prior Day's closing weighted average (LM_HG204), 0.88 higher Base Price Range $43.50 - $53.25, Weighted Average $51.50 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 46.00 56.70 47.00 56.45 48.00 57.51 49.50 58.58 49.50 58.58 0.5 43.50 57.00 46.00 57.00 48.00 56.98 49.00 58.04 49.50 59.11 0.6 43.50 56.20 46.00 57.00 47.00 57.00 48.00 57.51 49.50 58.58 0.7 43.50 54.81 43.50 55.75 46.00 56.20 48.00 57.00 49.00 58.04 0.8 41.50 54.81 43.50 54.81 46.00 55.75 47.00 56.45 49.00 57.51 0.9 41.50 53.00 43.50 53.25 43.50 54.85 46.00 55.91 48.00 56.98 1.0 40.50 52.27 41.50 53.00 43.50 54.32 46.00 55.38 47.00 56.45 1.1 39.50 51.65 41.50 52.19 43.50 53.25 43.50 54.85 47.00 55.91 1.2 39.50 51.12 40.50 51.65 41.50 52.72 43.50 54.32 46.00 55.38 1.4 34.34 50.06 34.34 50.59 34.34 51.65 34.34 52.72 40.88 54.32 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -4.26 185# -0.53 0.00 215# -0.67 0.00 165# -7.61 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 202.20 lb carcass, 0.74 inch back-fat, 6.75 square inch loin/2.25 inch loin depth, FFLI: 51.33% Price Range $48.00 - $57.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 91,345 Base Price Range $47.44 - $55.51, Weighted Average $51.37 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,442 Compared to Prior Day's closing weighted average (LM_HG204), 0.59 higher Price Range $34.00 - $41.00, Weighted Average $38.53 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 83,204 Minnesota 44,084 -------------------------------------------------------------------------------- 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 .