LM_HG206 Des Moines, Iowa Mon, Nov 23, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, November 23, 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 10,351 10,863 6,929 9,303 Other Market Formula 37,612 11,000 19,711 12,170 Swine or Pork Market Formula 84,762 57,439 46,550 41,453 Other Purchase Arrangement 56,388 48,190 61,344 52,177 Packer Sold (all purchase types) 12,419 5,369 3,915 5,708 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,037 Compared to Prior Day's closing weighted average (LM_HG204), 2.63 higher Base Price Range $47.00 - $56.00, Weighted Average $54.20 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 49.50 58.80 50.50 59.36 51.50 60.48 51.50 61.60 51.50 61.60 0.5 47.00 58.24 49.50 58.80 51.50 59.92 51.50 61.04 51.50 62.16 0.6 47.00 57.68 49.50 58.24 50.50 59.36 51.50 60.48 53.00 61.60 0.7 47.00 57.12 47.00 57.68 49.50 58.80 51.50 59.92 52.50 61.04 0.8 45.00 56.00 47.00 57.12 49.50 58.24 50.00 59.36 51.50 60.48 0.9 45.00 55.44 47.00 56.00 47.00 57.68 49.50 58.80 50.00 59.92 1.0 44.00 54.88 45.00 55.44 47.00 57.12 49.00 58.24 50.00 59.36 1.1 43.00 54.32 45.00 54.88 47.00 56.00 47.00 57.68 48.50 58.80 1.2 43.00 53.76 43.00 54.32 43.85 55.44 45.00 57.12 47.00 58.24 1.4 35.35 52.64 35.35 53.20 35.35 54.32 35.35 55.44 41.50 57.12 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -4.28 185# -0.56 0.00 215# -0.67 0.00 165# -7.65 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 202.25 lb carcass, 0.74 inch back-fat, 6.78 square inch loin/2.26 inch loin depth, FFLI: 51.35% Price Range $51.50 - $59.92 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 55,925 Base Price Range $48.23 - $55.12, Weighted Average $50.55 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,738 Compared to Prior Day's closing weighted average (LM_HG204), 0.13 lower Price Range $34.00 - $42.00, Weighted Average $38.19 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 90,248 Minnesota 42,412 -------------------------------------------------------------------------------- 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 .