LM_HG207 ***RESENT FOR CORRECTIONS ON LIVE NEGOTIATED HOGS*** Des Moines, Iowa Thu, Feb 09, 2012 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, February 8, 2012 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated ***5,921*** 6,335 6,390 Other Market Formula 4,643 15,277 18,434 Swine or Pork Market Formula 47,479 43,006 49,335 Other Purchase Arrangement 20,174 14,933 16,985 Packer Sold (all purchase types) 1,876 1,525 510 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 4,240 4,218 46,618 20,174 75,250 Base Price 81.50 85.10 86.03 85.74 85.64 Packer Sold Head Count 1,876 Base Price 81.43 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,240 Compared to Prior Day's closing weighted average (LM_HG207), 0.88 higher Base Price Range $77.00 - $87.50, Weighted Average $81.50 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- EASTERN CORNBELT 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 87.99 81.50 89.03 82.50 91.18 83.50 92.77 84.00 94.36 0.5 77.00 86.56 80.00 87.60 82.50 89.74 83.00 91.33 84.00 92.93 0.6 77.00 85.50 80.00 86.16 81.50 88.31 82.50 89.90 83.50 91.49 0.7 77.00 84.00 77.00 84.73 80.00 86.88 82.50 88.47 83.00 90.06 0.8 76.00 83.00 77.00 84.00 80.00 85.45 81.50 87.04 83.00 88.63 0.9 76.00 82.00 77.00 83.00 77.00 84.02 80.00 85.61 82.50 87.20 1.0 74.00 81.00 76.00 82.00 77.00 83.00 80.00 84.17 81.50 85.77 1.1 73.00 79.00 76.00 80.00 77.00 82.50 77.00 83.50 81.50 84.50 1.2 73.00 77.00 74.00 78.00 76.00 82.00 77.00 83.00 80.00 84.00 1.4 69.50 71.28 71.05 75.00 73.20 78.00 74.79 82.00 76.38 83.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -1.59 175# -4.00 1.00 205# -6.36 3.00 155# -30.00 0.00 185# -1.00 1.50 215# -6.36 3.00 165# -15.00 0.00 195# -1.59 3.00 225# -6.36 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 193.60 lb carcass, 0.66 inch back-fat, 7.05 square inch loin/2.35 inch loin depth, FFLI: 52.83% Price Range $82.50 - $88.47 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 47,504 Base Price Range $74.89 - $91.93, Weighted Average $86.02 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): ***1,575*** Compared to Prior Day's closing weighted average (LM_HG207), ***2.38 higher*** Price Range $59.78 - ***$68.00***, Weighted Average ***$65.48*** -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 179 Delaware 160 Illinois 18,559 Indiana ***19,902*** Kentucky 1,548 Maryland 170 Michigan 6,589 Mississippi 301 North Carolina 15,584 New York 360 Ohio 11,087 Pennsylvania 3,850 South Carolina 540 Tennessee 805 Wisconsin 459 -------------------------------------------------------------------------------- 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 0800C .