LM_HG205 Des Moines, Iowa Fri, Nov 06, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, November 6, 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 5,025 782 2,532 5,858 Other Market Formula 17,335 1,350 800 0 Swine or Pork Market Formula 108,014 42,857 40,213 23,643 Other Purchase Arrangement 46,902 720 760 6,120 Packer Sold (all purchase types) 14,776 3,237 2,068 4,175 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 548 Compared to Prior Day's closing weighted average (LM_HG204), 0.32 lower Base Price Range $53.00 - $53.50, Weighted Average $53.50 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 56.00 56.50 57.50 58.00 57.50 58.00 59.00 59.50 59.00 59.50 0.5 54.50 55.00 56.00 56.50 56.00 56.50 57.50 58.00 57.50 58.00 0.6 54.50 55.00 54.50 55.00 56.00 56.50 56.00 56.50 57.50 58.00 0.7 53.00 53.50 53.00 53.50 54.50 55.00 54.50 55.00 56.00 56.50 0.8 52.00 52.50 53.00 53.50 53.00 53.50 53.00 53.50 54.50 55.00 0.9 50.00 50.50 52.00 52.50 52.00 52.50 53.00 53.50 53.00 53.50 1.0 50.00 50.50 50.00 50.50 50.00 50.50 52.00 52.50 53.00 53.50 1.1 48.00 48.50 48.00 48.50 50.00 50.50 50.00 50.50 52.00 52.50 1.2 46.00 46.50 46.00 46.50 48.00 48.50 48.00 48.50 50.00 50.50 1.4 40.00 40.50 43.00 43.50 43.00 43.50 46.00 46.50 46.00 46.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -15.00-15.00 175# -3.00 -3.00 205# 0.00 0.00 155# -9.00 -9.00 185# 0.00 0.00 215# 0.00 0.00 165# -5.00 -5.00 195# 0.00 0.00 225# 0.00 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.85 lb carcass, 0.76 inch back-fat, 6.69 square inch loin/2.23 inch loin depth, FFLI: 50.98% Price Range $53.00 - $53.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 43,734 Base Price Range $50.31 - $57.35, Weighted Average $52.20 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 325 Compared to Prior Day's closing weighted average (LM_HG204), 0.82 higher Price Range $38.84 - $43.21, Weighted Average $42.34 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 33,269 Minnesota 13,981 -------------------------------------------------------------------------------- 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 .