LM_HG206 Des Moines, Iowa Fri, Nov 06, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, November 6, 2009 (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 6,949 4,200 7,111 10,614 Other Market Formula 13,151 8,898 15,390 7,708 Swine or Pork Market Formula 113,690 77,933 77,328 58,348 Other Purchase Arrangement 47,817 39,248 31,545 42,203 Packer Sold (all purchase types) 15,421 4,677 3,848 5,255 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,942 Compared to Prior Day's closing weighted average (LM_HG204), 0.90 lower Base Price Range $44.00 - $54.73, Weighted Average $52.92 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 46.50 58.73 47.50 58.50 48.50 58.50 50.00 60.00 50.00 60.00 0.5 44.00 58.73 46.50 58.73 48.50 58.73 49.50 58.50 50.00 58.50 0.6 44.00 58.23 46.50 58.73 47.50 58.73 48.50 58.73 50.00 58.50 0.7 44.00 57.51 44.00 57.51 46.50 58.23 48.50 58.73 49.50 58.73 0.8 42.00 57.51 44.00 57.51 46.50 57.51 47.50 57.51 49.50 58.73 0.9 42.00 54.85 44.00 54.85 44.00 54.88 46.50 55.73 48.50 56.73 1.0 41.00 54.85 42.00 54.85 44.00 54.85 46.50 54.85 47.50 55.73 1.1 40.00 51.65 42.00 51.65 44.00 51.73 44.00 53.38 47.50 53.73 1.2 40.00 51.65 41.00 51.65 42.00 51.65 44.00 51.65 46.50 51.73 1.4 36.50 44.73 36.70 44.73 36.70 44.73 36.70 47.00 42.95 47.73 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -6.76 185# 0.00 0.00 215# -0.67 0.00 165# -7.99 -1.35 195# 0.00 0.00 225# -5.25 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 $47.50 - $57.51 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 74,382 Base Price Range $49.98 - $57.35, Weighted Average $51.98 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 703 Compared to Prior Day's closing weighted average (LM_HG204), 0.13 higher Price Range $38.60 - $43.21, Weighted Average $41.65 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 101,881 Minnesota 30,431 -------------------------------------------------------------------------------- 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 .