LM_HG205 Des Moines, Iowa Mon, Jul 06, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, July 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 5,837 804 560 2,110 Other Market Formula 3,000 40 1,620 0 Swine or Pork Market Formula 72,167 35,624 31,489 31,682 Other Purchase Arrangement 49,928 37,700 40,106 61,433 Packer Sold (all purchase types) 9,701 2,266 2,788 2,247 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 915 Compared to Prior Day's closing weighted average (LM_HG204), 2.31 higher Base Price Range $55.96 - $59.00, Weighted Average $57.52 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 59.26 61.95 58.96 62.54 58.26 63.72 58.26 64.90 58.26 64.90 0.5 58.50 61.36 59.96 61.95 59.26 63.13 58.96 64.31 58.26 65.49 0.6 58.50 60.77 58.50 61.36 59.96 62.54 59.26 63.72 58.96 64.90 0.7 56.96 60.18 57.00 60.77 58.50 61.95 58.50 63.13 59.96 64.31 0.8 55.96 59.00 56.96 60.18 57.00 61.36 57.00 62.54 58.50 63.72 0.9 53.96 58.41 54.96 59.00 55.96 60.77 56.96 61.95 57.00 63.13 1.0 52.96 57.82 53.96 58.41 53.96 60.18 54.96 61.36 56.96 62.54 1.1 49.26 57.23 51.46 57.82 52.96 59.00 53.96 60.77 54.96 61.95 1.2 48.96 56.64 48.96 57.23 49.26 58.41 51.46 60.18 52.96 61.36 1.4 40.76 55.46 40.76 56.05 40.76 57.23 40.76 58.41 48.96 60.18 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00-13.50 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -4.72 185# -0.59 0.00 215# -0.59 0.00 165# -6.00 -3.00 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 199.61 lb carcass, 0.74 inch back-fat, 6.72 square inch loin/2.24 inch loin depth, FFLI: 51.31% Price Range $58.50 - $63.13 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 36,398 Base Price Range $50.79 - $62.10, Weighted Average $55.72 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 0 Compared to Prior Day's closing weighted average (LM_HG204), No Market to Report -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 39,721 Minnesota 34,574 -------------------------------------------------------------------------------- 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 .