LM_HG208 Des Moines, Iowa Tue, May 21, 2013 USDA Market News WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, May 20, 2013 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,033 4,713 6,698 Other Market Formula 21,820 10,314 36,453 Swine or Pork Market Formula 109,292 117,866 99,376 Other Purchase Arrangement 67,778 67,596 54,785 Packer Sold (all purchase types) 8,870 8,868 9,032 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 3,759 21,820 103,127 67,778 196,484 Base Price 89.65 88.32 90.30 91.93 90.63 Packer Sold Head Count 8,870 Base Price 89.59 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,759 Compared to Prior Day's closing weighted average (LM_HG208), 0.52 higher Base Price Range $84.46 - $92.00, Weighted Average $89.65 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 90.43 94.82 91.93 96.32 92.93 96.32 92.00 97.82 92.00 97.82 0.5 87.43 93.32 90.43 94.82 91.50 95.50 92.00 96.32 92.00 96.32 0.6 87.43 93.32 90.00 93.32 91.50 94.82 91.50 95.50 92.00 96.32 0.7 87.43 92.00 87.43 92.50 90.00 93.50 90.00 95.50 91.50 94.82 0.8 86.43 91.50 87.43 92.00 88.50 93.00 88.50 94.50 90.00 95.50 0.9 85.50 91.00 87.43 91.50 87.43 92.50 88.50 93.50 88.50 95.50 1.0 84.43 89.00 85.50 91.00 85.50 92.00 87.50 93.00 88.50 94.50 1.1 83.43 87.00 83.50 89.00 85.50 91.50 85.50 92.50 87.50 93.50 1.2 81.50 84.82 81.50 87.00 83.50 91.00 83.50 92.00 85.50 93.00 1.4 75.50 80.50 78.50 84.00 78.50 87.00 81.50 91.00 81.50 92.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00-14.62 175# -4.00 2.25 205# 0.00 4.50 155# -30.00 -9.00 185# -1.00 4.00 215# 0.00 4.25 165# -15.00 -3.37 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 206.20 lb carcass, 0.70 inch back-fat, 7.63 square inch loin/2.54 inch loin depth, FFLI: 52.46% Price Range $90.00 - $95.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 111,997 Base Price Range $84.30 - $97.96, Weighted Average $90.24 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,261 Compared to Prior Day's closing weighted average (LM_HG208), 3.61 higher Price Range $62.00 - $71.00, Weighted Average $69.95 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 146,590 Kansas 2,976 Minnesota 41,411 Missouri 2,758 Nebraska 14,369 South Dakota 4,689 -------------------------------------------------------------------------------- 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 .