LM_HG208 Des Moines, Iowa Thu, Jul 09, 2009 USDA Market News WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, July 8, 2009 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 12,393 15,332 20,865 Other Market Formula 14,278 17,560 60,605 Swine or Pork Market Formula 114,042 109,928 94,095 Other Purchase Arrangement 7,580 7,191 11,727 Packer Sold (all purchase types) 9,284 13,593 14,727 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 11,038 14,278 111,738 7,580 144,634 Base Price 57.69 55.02 56.88 58.72 56.85 Packer Sold Head Count 8,245 Base Price 52.31 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,038 Compared to Prior Day's closing weighted average (LM_HG208), 0.04 higher Base Price Range $45.50 - $59.50, Weighted Average $57.69 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- WESTERN CORNBELT 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 48.00 63.26 49.00 63.50 50.00 63.50 51.50 65.00 51.50 65.00 0.5 45.50 63.26 48.00 63.26 50.00 63.26 51.00 63.50 51.50 63.50 0.6 45.50 64.26 48.00 64.26 49.00 64.26 50.00 64.26 51.50 64.26 0.7 45.50 64.26 45.50 64.26 48.00 64.26 50.00 64.26 51.00 64.26 0.8 43.50 64.26 45.50 64.26 48.00 64.26 49.00 64.26 51.00 64.26 0.9 43.50 61.29 45.50 61.29 45.50 61.29 48.00 61.29 50.00 61.29 1.0 42.50 61.29 43.50 61.29 45.50 61.29 48.00 61.29 49.00 61.29 1.1 41.50 57.72 43.50 57.72 45.50 57.72 45.50 58.25 49.00 59.33 1.2 41.50 57.72 42.50 57.72 43.50 57.72 45.50 57.72 48.00 58.76 1.4 38.00 53.11 40.76 53.68 40.76 54.81 40.76 55.94 45.24 57.63 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -23.80 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -23.80 -4.48 185# -0.57 0.00 215# -0.67 0.00 165# -8.93 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 199.30 lb carcass, 0.71 inch back-fat, 6.84 square inch loin/2.28 inch loin depth, FFLI: 51.86% Price Range $50.00 - $64.26 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 119,983 Base Price Range $50.09 - $61.58, Weighted Average $56.57 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 947 Compared to Prior Day's closing weighted average (LM_HG208), 3.54 lower Price Range $36.00 - $45.50, Weighted Average $42.78 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 82,832 Kansas 4,305 Nebraska 20,069 South Dakota 6,080 Minnesota 39,148 Missouri 5,143 -------------------------------------------------------------------------------- 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 .