LM_HG208 Des Moines, Iowa Thu, Feb 09, 2012 USDA Market News WESTERN 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 7,487 10,570 16,097 Other Market Formula 8,047 27,051 23,923 Swine or Pork Market Formula 118,074 99,465 105,741 Other Purchase Arrangement 21,198 21,730 22,785 Packer Sold (all purchase types) 9,964 13,127 9,665 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 5,773 8,047 111,775 21,198 146,793 Base Price 86.33 85.96 84.73 86.51 85.12 Packer Sold Head Count 9,964 Base Price 82.86 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,588 Compared to Prior Day's closing weighted average (LM_HG208), 0.14 higher Base Price Range $74.00 - $90.50, Weighted Average $86.84 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 77.00 91.50 78.50 92.50 79.50 94.00 80.50 95.50 81.00 96.50 0.5 74.00 90.50 77.00 91.50 79.50 93.25 80.00 94.75 81.00 96.00 0.6 74.00 89.50 77.00 90.50 78.50 92.50 79.50 94.00 80.50 95.50 0.7 74.00 88.50 74.00 89.50 77.00 91.50 79.50 93.25 80.00 94.75 0.8 73.00 87.50 74.00 88.50 77.00 90.50 78.50 92.50 80.00 94.00 0.9 73.00 86.50 74.00 87.50 74.00 89.50 77.00 91.50 79.50 93.25 1.0 71.00 85.50 73.00 86.50 74.00 88.50 77.00 90.50 78.50 92.50 1.1 70.00 84.50 73.00 85.50 74.00 87.50 74.00 89.50 78.50 91.50 1.2 70.00 84.50 71.00 84.50 73.00 86.50 74.00 88.50 77.00 90.50 1.4 66.50 84.50 70.00 84.50 71.00 84.50 73.00 86.50 74.00 88.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00-13.00 175# -3.25 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: 206.80 lb carcass, 0.76 inch back-fat, 7.33 square inch loin/2.44 inch loin depth, FFLI: 51.37% Price Range $78.50 - $92.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 120,924 Base Price Range $75.55 - $90.87, Weighted Average $84.54 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,602 Compared to Prior Day's closing weighted average (LM_HG208), 0.68 higher Price Range $60.50 - $66.55, Weighted Average $64.93 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 93,343 Kansas 2,643 Minnesota 42,376 Missouri 3,119 Nebraska 16,391 South Dakota 6,898 -------------------------------------------------------------------------------- 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 .