LM_HG206 Des Moines, Iowa Tue, Feb 09, 2010 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 9, 2010 (As of 1:30 PM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 7,846 8,729 5,039 8,251 Other Market Formula 18,654 14,745 9,537 4,800 Swine or Pork Market Formula 75,002 49,735 43,578 53,892 Other Purchase Arrangement 18,502 15,165 4,857 7,296 Packer Sold (all purchase types) 11,818 3,864 2,273 2,740 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,529 Compared to Prior Day's closing weighted average (LM_HG204), 1.87 higher Base Price Range $61.00 - $68.00, Weighted Average $66.17 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 63.50 70.50 64.50 70.50 65.01 70.20 65.01 71.50 65.01 71.50 0.5 61.00 72.00 63.50 72.00 65.50 70.50 65.66 70.85 65.01 72.15 0.6 61.00 70.75 63.50 72.00 64.50 72.00 65.50 70.50 66.01 71.50 0.7 61.00 69.93 61.00 70.75 63.50 70.75 65.50 72.00 66.50 72.00 0.8 59.00 69.93 61.00 69.93 63.50 70.75 64.00 70.75 65.50 72.00 0.9 59.00 68.00 61.00 68.00 61.00 69.50 63.50 69.50 64.00 70.75 1.0 58.00 66.69 59.00 68.00 61.00 68.00 63.00 68.00 64.00 69.50 1.1 56.01 63.05 59.00 65.50 61.00 65.50 61.00 68.00 61.84 68.25 1.2 56.01 62.81 56.01 63.05 56.01 64.35 59.00 66.30 61.00 67.60 1.4 47.51 61.10 47.51 61.75 47.51 63.05 47.51 64.35 52.91 66.30 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -25.90 -9.52 175# -3.25 0.00 205# 0.00 0.00 155# -25.90 -5.17 185# -0.65 0.00 215# -0.67 0.00 165# -9.71 -1.35 195# 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 - $72.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 46,834 Base Price Range $59.79 - $67.96, Weighted Average $62.62 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 2,930 Compared to Prior Day's closing weighted average (LM_HG204), 1.29 higher Price Range $45.30 - $55.00, Weighted Average $53.05 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 63,452 Minnesota 24,132 -------------------------------------------------------------------------------- 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 1500C .