LM_HG209 Des Moines, Iowa Thu, Jul 09, 2009 USDA Market News EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, July 9, 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 6,330 3,632 3,471 7,771 Other Market Formula 6,131 2,806 1,392 1,253 Swine or Pork Market Formula 47,753 11,688 8,178 11,167 Other Purchase Arrangement 14,835 5,076 4,427 2,616 Packer Sold (all purchase types) 1,610 540 1,511 1,741 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 2,806 Compared to Prior Day's closing weighted average (LM_HG207), 0.42 lower Base Price Range $47.50 - $55.56, Weighted Average $55.06 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 50.00 61.45 51.00 62.17 52.00 63.67 53.50 64.78 53.50 65.89 0.5 47.50 60.45 50.00 61.17 52.00 62.67 53.00 63.78 53.50 64.89 0.6 47.50 59.45 50.00 60.17 51.00 61.67 52.00 62.78 53.50 63.89 0.7 47.50 58.45 47.50 59.17 50.00 60.67 52.00 61.78 53.00 62.89 0.8 45.50 57.45 47.50 58.17 50.00 59.67 51.00 60.78 53.00 61.89 0.9 45.50 56.45 47.50 57.17 47.50 58.67 50.00 59.78 52.00 60.89 1.0 44.50 55.45 45.50 56.17 47.50 57.67 50.00 58.78 51.00 59.89 1.1 43.50 54.45 45.50 55.17 47.50 56.67 47.50 57.78 51.00 58.89 1.2 43.50 52.78 44.50 53.50 45.50 55.00 47.50 56.12 50.00 57.23 1.4 39.41 48.89 39.41 49.62 39.41 51.12 39.41 52.23 47.50 53.34 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -1.10 175# 0.00 0.00 205# -4.44 0.00 155# -22.00 0.00 185# 0.00 0.00 215# -4.44 0.00 165# -6.00 0.00 195# -1.11 0.00 225# -4.44 -1.33 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 187.95 lb carcass, 0.71 inch back-fat, 7.02 square inch loin/2.34 inch loin depth, FFLI: 52.04% Price Range $52.00 - $61.78 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 10,725 Base Price Range $48.80 - $59.35, Weighted Average $54.18 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 514 Compared to Prior Day's closing weighted average (LM_HG207), 0.28 higher Price Range $38.27 - $45.00, Weighted Average $44.19 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 1,883 Georgia 194 Illinois 5,122 Indiana 3,751 Kentucky 530 Michigan 180 Mississippi 640 North Carolina 385 New York 180 Ohio 5,119 Pennsylvania 1,835 Tennessee 839 Wisconsin 185 -------------------------------------------------------------------------------- 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 .