LM_HG209 Des Moines, Iowa Mon, Nov 23, 2009 USDA Market News EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, November 23, 2009 (As of 9:30 AM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 7,043 3,230 4,223 5,579 Other Market Formula 9,471 5,122 3,221 10,245 Swine or Pork Market Formula 41,280 7,192 5,192 8,981 Other Purchase Arrangement 24,989 11,879 14,287 9,491 Packer Sold (all purchase types) 2,630 1,070 1,389 1,631 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,045 Compared to Prior Day's closing weighted average (LM_HG207), 0.62 lower Base Price Range $45.00 - $51.35, Weighted Average $49.38 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- EASTERN 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 47.50 54.51 48.50 55.16 49.50 56.49 51.00 57.47 51.00 58.46 0.5 45.00 55.35 47.50 55.35 49.50 55.60 50.50 56.58 51.00 57.57 0.6 45.00 54.10 47.50 55.35 48.50 55.35 49.50 55.70 51.00 56.68 0.7 45.00 52.85 45.00 54.10 47.50 54.10 49.50 55.35 50.50 55.80 0.8 43.00 52.85 45.00 52.85 47.50 54.10 48.50 54.10 50.50 55.35 0.9 43.00 51.35 45.00 51.35 45.00 52.85 47.50 53.04 49.00 54.10 1.0 42.00 49.19 43.00 51.35 45.00 51.35 47.50 52.15 48.50 53.13 1.1 41.00 48.30 43.00 48.95 45.00 50.28 45.00 51.35 48.00 52.50 1.2 41.00 46.83 42.00 47.47 43.00 48.80 44.00 49.78 46.00 51.50 1.4 35.35 43.38 35.35 45.00 35.35 46.00 35.35 47.00 42.00 49.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -0.99 175# -3.00 0.00 205# -3.94 0.00 155# -22.00 0.00 185# 0.00 0.00 215# -3.94 0.00 165# -6.00 0.00 195# -0.99 0.00 225# -3.94 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 191.31 lb carcass, 0.71 inch back-fat, 6.93 square inch loin/2.31 inch loin depth, FFLI: 51.96% Price Range $49.50 - $55.35 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,822 Base Price Range $48.35 - $55.01, Weighted Average $50.51 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 186 Compared to Prior Day's closing weighted average (LM_HG207), 0.71 lower Price Range $40.19 - $40.19, Weighted Average $40.19 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 180 Georgia 156 Illinois 2,818 Indiana 10,601 Kentucky 761 Michigan 2,112 North Carolina 179 Ohio 6,633 Pennsylvania 2,025 Tennessee 1,013 Wisconsin 355 -------------------------------------------------------------------------------- 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 1100C .