LM_HG205 Des Moines, Iowa Fri, Nov 20, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, November 20, 2009 (As of 9:30 AM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 6,300 1,559 1,220 1,377 Other Market Formula 8,800 3,600 4,655 3,539 Swine or Pork Market Formula 100,770 33,132 44,630 27,756 Other Purchase Arrangement 44,531 440 820 5,350 Packer Sold (all purchase types) 14,931 2,556 2,168 2,606 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 1,060 Compared to Prior Day's closing weighted average (LM_HG204), 0.68 lower Base Price Range $49.25 - $51.35, Weighted Average $50.82 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 50.73 55.35 50.73 54.75 50.73 54.75 50.73 56.25 50.73 56.25 0.5 50.73 55.35 50.73 55.35 50.73 55.35 50.73 54.75 50.73 54.75 0.6 51.00 54.85 51.00 55.35 52.50 55.35 52.50 55.35 53.18 54.75 0.7 49.50 53.19 49.50 54.10 51.00 54.85 51.00 55.35 52.50 55.35 0.8 48.50 53.19 49.50 53.19 49.50 54.10 49.50 54.10 51.00 55.35 0.9 46.50 51.35 48.50 51.35 48.50 52.85 49.50 52.85 49.50 54.10 1.0 46.50 50.73 46.50 51.35 46.50 51.35 48.50 51.35 49.50 52.85 1.1 43.18 47.77 44.50 48.85 46.50 48.85 46.50 51.35 47.77 51.35 1.2 42.50 47.77 42.50 47.77 43.18 47.77 44.50 48.85 46.50 48.85 1.4 34.68 41.35 34.68 41.35 34.68 41.35 34.68 43.35 40.88 44.35 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00-13.50 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -9.00 185# 0.00 0.00 215# 0.00 0.00 165# -7.39 -3.00 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 202.22 lb carcass, 0.74 inch back-fat, 6.75 square inch loin/2.25 inch loin depth, FFLI: 51.33% Price Range $51.00 - $55.35 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 33,051 Base Price Range $48.23 - $55.50, Weighted Average $49.91 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 589 Compared to Prior Day's closing weighted average (LM_HG204), 0.89 higher Price Range $36.84 - $42.00, Weighted Average $39.42 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 28,211 Minnesota 11,334 -------------------------------------------------------------------------------- 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 1100C .