LM_HG210 Des Moines, Iowa Tue, Aug 19, 2008 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, August 19, 2008 (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 14,816 12,093 15,225 17,345 Other Market Formula 7,603 9,391 8,562 5,710 Swine or Pork Market Formula 40,077 19,492 20,352 23,111 Other Purchase Arrangement 18,298 13,326 18,241 16,726 Packer Sold (all purchase types) 2,784 1,494 2,787 4,310 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,855 Compared to Prior Day's closing weighted average (LM_HG207), 0.01 higher Base Price Range $76.50 - $88.00, Weighted Average $84.39 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 79.00 92.84 80.00 93.90 81.00 94.95 82.50 96.56 82.50 98.21 0.5 76.50 91.87 79.00 92.93 81.00 93.98 82.00 95.07 82.50 96.72 0.6 76.50 90.82 79.00 91.87 80.00 92.93 81.00 93.98 82.50 95.70 0.7 76.50 90.72 76.50 90.90 79.00 91.96 81.00 93.09 82.00 94.83 0.8 74.50 90.72 76.50 90.72 79.00 90.90 80.00 92.22 82.00 93.96 0.9 74.50 87.82 76.50 88.88 76.50 89.94 79.00 91.35 81.00 93.09 1.0 73.50 86.77 74.50 87.82 76.50 88.88 79.00 90.48 80.00 92.22 1.1 72.50 85.80 74.50 86.86 76.50 87.91 76.50 89.61 80.00 91.35 1.2 72.50 84.74 73.50 85.80 74.50 86.86 76.50 88.74 79.00 90.48 1.4 69.00 82.72 69.72 83.78 69.72 84.83 69.72 86.13 69.72 88.74 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -33.60 -1.66 175# -4.35 0.00 205# -6.62 0.00 155# -33.60 0.00 185# -0.87 0.00 215# -6.62 0.00 165# -12.60 0.00 195# -1.66 0.00 225# -6.62 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 188.25 lb carcass, 0.72 inch back-fat, 6.90 square inch loin/2.30 inch loin depth, FFLI: 51.79% Price Range $81.00 - $93.09 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 20,479 Base Price Range $79.48 - $87.63, Weighted Average $84.39 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 2,537 Compared to Prior Day's closing weighted average (LM_HG207), 0.04 lower Price Range $57.70 - $69.54, Weighted Average $66.11 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 790 Illinois 14,015 Indiana 13,304 Kentucky 1,092 Maryland 150 Michigan 5,036 Mississippi 1,337 North Carolina 1,589 New York 180 Ohio 9,855 Pennsylvania 4,070 Tennessee 567 Wisconsin 257 -------------------------------------------------------------------------------- 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 .