LM_HG208 Des Moines, Iowa Fri, Nov 20, 2009 USDA Market News WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON PLANT LOCATION PLANT DELIVERED PURCHASE DATA FOR Thursday, November 19, 2009 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 15,088 16,421 16,786 Other Market Formula 15,849 23,588 21,573 Swine or Pork Market Formula 111,126 119,341 104,719 Other Purchase Arrangement 6,050 8,608 11,188 Packer Sold (all purchase types) 15,864 21,814 11,941 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 12,945 15,849 109,003 6,050 143,847 Base Price 50.91 54.76 51.38 52.62 51.76 Packer Sold Head Count 14,064 Base Price 51.42 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 16,570 Compared to Prior Day's closing weighted average (LM_HG208), 0.58 higher Base Price Range $43.50 - $53.25, Weighted Average $51.33 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 46.00 56.70 47.00 56.45 48.00 57.51 49.50 58.58 49.50 58.58 0.5 43.50 57.00 46.00 57.00 48.00 56.98 49.00 58.04 49.50 59.11 0.6 43.50 56.20 46.00 57.00 47.00 57.00 48.00 57.51 49.50 58.58 0.7 43.50 54.81 43.50 55.75 46.00 56.20 48.00 57.00 49.00 58.04 0.8 41.50 54.81 43.50 54.81 46.00 55.75 47.00 56.45 49.00 57.51 0.9 41.50 53.00 43.50 53.25 43.50 54.85 46.00 55.91 48.00 56.98 1.0 40.50 52.27 41.50 53.00 43.50 54.32 46.00 55.38 47.00 56.45 1.1 39.50 51.65 41.50 52.19 43.50 53.25 43.50 54.85 47.00 55.91 1.2 39.50 51.12 40.50 51.65 41.50 52.72 43.50 54.32 46.00 55.38 1.4 34.00 50.06 34.00 50.59 34.00 51.65 34.00 52.72 40.88 54.32 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -4.00 185# -0.53 0.00 215# -0.67 0.00 165# -7.61 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.60 lb carcass, 0.72 inch back-fat, 6.87 square inch loin/2.29 inch loin depth, FFLI: 51.72% Price Range $48.00 - $57.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 119,442 Base Price Range $47.44 - $55.51, Weighted Average $51.34 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,797 Compared to Prior Day's closing weighted average (LM_HG208), 0.66 higher Price Range $34.00 - $41.00, Weighted Average $38.52 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 83,204 Kansas 5,124 Minnesota 44,084 Missouri 5,133 Nebraska 18,429 South Dakota 9,008 -------------------------------------------------------------------------------- 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 .