LM_HG210 Des Moines, Iowa Thu, Jul 09, 2009 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, July 9, 2009 (As of 1:30 PM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 7,648 5,337 9,696 14,865 Other Market Formula 5,909 4,214 5,794 13,631 Swine or Pork Market Formula 48,749 25,567 23,676 27,024 Other Purchase Arrangement 15,663 14,649 13,932 16,258 Packer Sold (all purchase types) 2,884 1,053 874 3,189 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,471 Compared to Prior Day's closing weighted average (LM_HG207), 0.35 lower Base Price Range $47.50 - $55.56, Weighted Average $55.13 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# -3.00 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 0.00 -------------------------------------------------------------------------------- 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): 24,452 Base Price Range $48.80 - $60.49, Weighted Average $55.39 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,132 Compared to Prior Day's closing weighted average (LM_HG207), 0.93 lower Price Range $38.27 - $45.00, Weighted Average $42.98 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 2,243 Georgia 194 Illinois 13,254 Indiana 13,342 Kentucky 868 Michigan 2,257 Mississippi 640 North Carolina 1,689 New York 700 Ohio 8,883 Pennsylvania 3,672 South Carolina 64 Tennessee 1,174 Virginia 101 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 1500C .