LM_HG206 Des Moines, Iowa Thu, Feb 09, 2012 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, February 9, 2012 (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 4,732 3,684 5,271 4,803 Other Market Formula 22,760 14,820 9,665 20,772 Swine or Pork Market Formula 63,777 43,625 43,343 36,791 Other Purchase Arrangement 28,917 19,892 19,980 21,625 Packer Sold (all purchase types) 11,327 1,682 958 1,441 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,067 Compared to Prior Day's closing weighted average (LM_HG204), 2.05 lower Base Price Range $77.00 - $90.00, Weighted Average $84.98 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- IOWA/MINNESOTA DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS based on both Fat and Muscle Measurements for a 200 lb Carcass Basis LOIN AREA/DEPTH (INCHES) BF 4.0/ 1.4 5.0/ 1.7 6.0/ 2.0 7.0/ 2.3 8.0/ 2.7 0.4 80.00 91.00 81.50 92.00 82.50 93.50 83.50 95.00 84.00 96.00 0.5 77.00 90.00 80.00 91.00 82.50 92.75 83.00 94.25 84.00 95.50 0.6 77.00 89.00 80.00 90.00 81.50 92.00 82.50 93.50 83.50 95.00 0.7 77.00 88.00 77.00 89.00 80.00 91.00 82.50 92.75 83.00 94.25 0.8 76.00 87.00 77.00 88.00 80.00 90.00 81.50 92.00 83.00 93.50 0.9 76.00 86.00 77.00 87.00 77.00 89.00 80.00 91.00 82.50 92.75 1.0 74.00 85.00 76.00 86.00 77.00 88.00 80.00 90.00 81.50 92.00 1.1 73.00 84.00 76.00 85.00 77.00 87.00 77.00 89.00 81.50 91.00 1.2 73.00 84.00 74.00 84.00 76.00 86.00 77.00 88.00 80.00 90.00 1.4 69.50 84.00 73.00 84.00 74.00 84.00 76.00 86.00 77.00 88.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00-13.00 175# -3.25 2.25 205# 0.00 4.50 155# -30.00 -6.09 185# -1.50 4.00 215# 0.00 4.25 165# -15.00 -2.61 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 206.30 lb carcass, 0.72 inch back-fat, 7.42 square inch loin/2.47 inch loin depth, FFLI: 52.03% Price Range $82.50 - $92.75 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 44,619 Base Price Range $78.25 - $89.88, Weighted Average $83.02 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 524 Compared to Prior Day's closing weighted average (LM_HG204), 1.25 higher Price Range $64.90 - $67.13, Weighted Average $66.23 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 60,095 Minnesota 24,222 -------------------------------------------------------------------------------- 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 .