LM_HG210 Des Moines, Iowa Mon, Nov 23, 2009 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, November 23, 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 9,721 8,034 7,411 11,971 Other Market Formula 16,579 9,362 5,287 16,547 Swine or Pork Market Formula 40,710 21,869 20,785 19,010 Other Purchase Arrangement 27,145 26,085 26,862 27,279 Packer Sold (all purchase types) 2,465 1,808 2,099 1,685 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,830 Compared to Prior Day's closing weighted average (LM_HG207), 0.13 lower Base Price Range $45.00 - $54.05, Weighted Average $49.87 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 56.55 48.50 56.55 49.50 56.49 51.00 57.47 51.00 58.46 0.5 45.00 58.05 47.50 58.05 49.50 56.55 50.50 56.58 51.00 57.57 0.6 45.00 56.80 47.50 58.05 48.50 58.05 49.50 56.55 51.00 56.68 0.7 45.00 55.55 45.00 56.80 47.50 56.80 49.50 58.05 50.50 58.05 0.8 43.00 55.55 45.00 55.55 47.50 56.80 48.50 56.80 50.50 58.05 0.9 43.00 54.05 45.00 54.05 45.00 55.55 47.50 55.55 49.00 56.80 1.0 42.00 51.55 43.00 54.05 45.00 54.05 47.50 54.05 48.50 55.55 1.1 41.00 48.30 43.00 51.55 45.00 51.55 45.00 54.05 48.00 54.05 1.2 41.00 47.55 42.00 48.15 43.00 48.80 44.00 51.55 46.00 51.55 1.4 35.35 46.42 35.35 47.01 35.35 47.60 35.35 48.19 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 - $58.05 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 22,725 Base Price Range $48.09 - $55.88, Weighted Average $50.64 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 2,674 Compared to Prior Day's closing weighted average (LM_HG207), 2.12 higher Price Range $34.92 - $44.00, Weighted Average $43.02 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 360 Georgia 156 Illinois 12,265 Indiana 21,555 Kentucky 2,558 Michigan 6,316 North Carolina 1,455 New York 720 Ohio 11,487 Pennsylvania 3,300 South Carolina 270 Tennessee 1,525 Virginia 80 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 1500C .