LM_HG206 Des Moines, Iowa Thu, Jul 02, 2009 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, July 2, 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 13,449 9,541 3,527 10,017 Other Market Formula 7,707 6,360 40,800 13,499 Swine or Pork Market Formula 65,136 41,755 45,674 32,784 Other Purchase Arrangement 37,352 34,593 4,405 11,602 Packer Sold (all purchase types) 9,956 3,703 2,754 6,455 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,031 Compared to Prior Day's closing weighted average (LM_HG204), 0.70 higher Base Price Range $46.50 - $60.50, Weighted Average $58.60 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 49.00 63.50 50.00 65.00 51.00 65.00 52.50 66.50 52.50 66.50 0.5 46.50 62.78 49.00 63.50 51.00 63.50 52.00 65.00 52.50 65.00 0.6 46.50 62.28 49.00 62.78 50.00 63.50 51.00 63.50 52.50 65.00 0.7 46.50 60.50 46.50 60.86 49.00 62.28 51.00 62.78 52.00 63.50 0.8 44.50 60.48 46.50 60.50 49.00 60.86 50.00 60.86 52.00 62.78 0.9 44.50 58.11 46.50 59.50 46.50 59.61 49.00 60.50 51.00 60.86 1.0 43.50 57.68 44.50 58.11 46.50 58.11 49.00 59.50 50.00 60.50 1.1 42.50 55.50 44.50 55.61 46.50 57.50 46.50 58.11 50.00 59.50 1.2 42.50 54.32 43.50 54.32 44.50 55.50 46.50 56.15 49.00 57.50 1.4 39.00 51.75 39.41 52.30 39.41 53.40 39.41 54.50 43.99 56.15 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.40 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.40 -4.40 185# -0.55 0.00 215# -0.67 0.00 165# -8.40 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 199.82 lb carcass, 0.73 inch back-fat, 6.75 square inch loin/2.25 inch loin depth, FFLI: 51.49% Price Range $51.00 - $62.78 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 41,284 Base Price Range $49.66 - $60.70, Weighted Average $54.66 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 789 Compared to Prior Day's closing weighted average (LM_HG204), 2.34 higher Price Range $41.97 - $46.50, Weighted Average $45.82 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 75,752 Minnesota 17,329 -------------------------------------------------------------------------------- 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 .