LM_HG206 Des Moines, Iowa Wed, Jun 19, 2013 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, June 19, 2013 (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 2,868 2,344 4,842 8,488 Other Market Formula 12,919 12,044 10,691 13,220 Swine or Pork Market Formula 52,769 44,003 40,231 36,450 Other Purchase Arrangement 40,486 21,853 19,231 12,961 Packer Sold (all purchase types) 9,192 5,067 5,995 1,085 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,686 Compared to Prior Day's closing weighted average (LM_HG204), 1.48 higher Base Price Range $89.50 - $103.00, Weighted Average $101.24 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 92.50 104.00 94.00 105.50 95.00 106.50 96.00 108.00 96.50 109.00 0.5 89.50 103.00 92.50 104.00 95.00 105.75 95.50 107.25 96.50 108.50 0.6 89.50 102.50 92.50 103.00 94.00 105.00 95.00 106.50 96.00 108.00 0.7 89.50 101.00 89.50 102.00 92.50 104.00 95.00 105.75 95.50 107.25 0.8 88.50 100.50 89.50 101.00 92.50 103.00 94.00 105.00 95.50 106.50 0.9 88.50 100.00 89.50 100.50 89.50 102.00 92.50 104.00 95.00 105.75 1.0 86.50 98.00 88.50 100.00 89.50 101.00 92.50 103.00 94.00 105.00 1.1 85.50 97.00 88.50 98.00 89.50 100.50 89.50 102.00 94.00 104.00 1.2 85.50 97.00 86.50 97.00 88.50 100.00 89.50 101.00 92.50 103.00 1.4 82.00 97.00 85.50 97.00 86.50 97.00 88.50 100.00 89.50 101.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00-13.00 175# -4.00 2.25 205# 0.00 4.50 155# -30.00 -9.00 185# -1.50 4.00 215# 0.00 4.25 165# -15.00 -3.37 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 203.55 lb carcass, 0.70 inch back-fat, 7.42 square inch loin/2.47 inch loin depth, FFLI: 52.35% Price Range $95.00 - $105.75 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 44,310 *Price not reported due to confidentiality* -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 861 Compared to Prior Day's closing weighted average (LM_HG204), 1.22 higher Price Range $72.57 - $77.50, Weighted Average $76.10 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 57,477 Minnesota 31,101 -------------------------------------------------------------------------------- *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* 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 .