LM_HG205 Des Moines, Iowa Tue, Feb 09, 2010 USDA Market News IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 9, 2010 (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 6,078 819 1,993 4,302 Other Market Formula 5,900 20 340 0 Swine or Pork Market Formula 73,222 27,542 23,649 31,483 Other Purchase Arrangement 18,897 8,165 577 960 Packer Sold (all purchase types) 11,424 2,964 1,733 2,560 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 808 Compared to Prior Day's closing weighted average (LM_HG204), 0.10 higher Base Price Range $63.75 - $66.01, Weighted Average $64.40 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 65.66 68.51 65.66 69.00 65.66 69.00 65.66 70.50 65.66 70.50 0.5 65.50 70.01 65.66 70.01 65.66 68.51 65.66 69.00 65.66 69.00 0.6 65.50 69.93 65.50 70.01 67.00 70.01 66.91 69.93 66.91 69.93 0.7 64.00 69.93 64.00 69.93 65.50 69.93 65.50 70.01 67.00 70.01 0.8 63.00 69.93 64.00 69.93 64.00 69.93 64.00 69.93 65.50 70.01 0.9 61.00 66.69 63.00 66.69 63.00 67.51 64.00 67.51 64.00 68.76 1.0 61.00 66.69 61.00 66.69 61.00 66.69 63.00 66.69 64.00 67.51 1.1 56.91 62.81 59.00 63.51 61.00 63.51 61.00 66.01 61.84 66.01 1.2 56.91 62.81 56.91 62.81 56.91 62.81 59.00 63.51 61.00 63.51 1.4 48.41 53.74 48.41 54.50 48.41 54.50 48.41 57.50 52.91 58.51 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -25.90-15.00 175# -3.00 0.00 205# 0.00 0.00 155# -25.90 -9.00 185# 0.00 0.00 215# 0.00 0.00 165# -9.71 -5.00 195# 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 $65.50 - $70.01 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 27,288 Base Price Range $60.42 - $67.96, Weighted Average $62.94 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 190 Compared to Prior Day's closing weighted average (LM_HG204), ***Market not well established*** -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 23,777 Minnesota 13,504 -------------------------------------------------------------------------------- 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 .