LM_HG208 Des Moines, Iowa Fri, Feb 10, 2012 USDA Market News WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, February 9, 2012 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 7,545 9,916 15,703 Other Market Formula 21,691 22,680 40,014 Swine or Pork Market Formula 108,235 102,425 103,967 Other Purchase Arrangement 22,466 22,030 24,785 Packer Sold (all purchase types) 10,000 10,573 8,892 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 6,216 21,691 104,166 22,466 154,539 Base Price 84.93 90.76 84.54 86.62 85.73 Packer Sold Head Count 10,000 Base Price 81.45 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,216 Compared to Prior Day's closing weighted average (LM_HG208), 1.91 lower Base Price Range $77.00 - $90.00, Weighted Average $84.93 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- WESTERN 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 91.00 81.50 92.00 82.50 93.50 83.50 95.00 84.00 96.00 0.5 77.00 90.00 80.00 91.00 82.50 92.75 83.00 94.25 84.00 95.50 0.6 77.00 89.00 80.00 90.00 81.50 92.00 82.50 93.50 83.50 95.00 0.7 77.00 88.00 77.00 89.00 80.00 91.00 82.50 92.75 83.00 94.25 0.8 76.00 87.00 77.00 88.00 80.00 90.00 81.50 92.00 83.00 93.50 0.9 76.00 86.00 77.00 87.00 77.00 89.00 80.00 91.00 82.50 92.75 1.0 74.00 85.00 76.00 86.00 77.00 88.00 80.00 90.00 81.50 92.00 1.1 73.00 84.00 76.00 85.00 77.00 87.00 77.00 89.00 81.50 91.00 1.2 73.00 84.00 74.00 84.00 76.00 86.00 77.00 88.00 80.00 90.00 1.4 69.50 84.00 73.00 84.00 74.00 84.00 76.00 86.00 77.00 88.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00-13.00 175# -4.00 2.25 205# 0.00 4.50 155# -30.00 -6.09 185# -1.50 4.00 215# 0.00 4.25 165# -15.00 -2.61 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 207.20 lb carcass, 0.76 inch back-fat, 7.33 square inch loin/2.44 inch loin depth, FFLI: 51.37% Price Range $81.50 - $92.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 114,166 Base Price Range $77.34 - $89.88, Weighted Average $84.27 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,245 Compared to Prior Day's closing weighted average (LM_HG208), 0.59 higher Price Range $61.00 - $67.13, Weighted Average $65.52 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 96,930 Kansas 7,527 Minnesota 40,361 Missouri 4,895 Nebraska 13,666 South Dakota 6,558 -------------------------------------------------------------------------------- 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 .