LM_HG210 Des Moines, Iowa Thu, May 23, 2013 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, May 23, 2013 (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 7,768 5,408 5,462 5,720 Other Market Formula 8,060 6,980 11,025 32,679 Swine or Pork Market Formula 44,301 21,977 19,521 28,740 Other Purchase Arrangement 14,659 13,509 15,788 17,268 Packer Sold (all purchase types) 870 540 0 1,090 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,650 Compared to Prior Day's closing weighted average (LM_HG207), 0.59 higher Base Price Range $81.00 - $94.50, Weighted Average $90.74 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- EASTERN CORNBELT DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS based on both Fat and Muscle Measurements for a 200 lb Carcass Basis LOIN AREA/DEPTH (INCHES) BF 4.0/ 1.4 5.0/ 1.7 6.0/ 2.0 7.0/ 2.3 8.0/ 2.7 0.4 84.00 99.62 85.50 100.79 86.50 103.22 87.50 105.02 88.00 106.82 0.5 81.00 98.00 84.00 99.17 86.50 101.60 87.00 103.40 88.00 105.20 0.6 81.00 96.37 84.00 97.55 85.50 99.98 86.50 101.78 87.50 103.58 0.7 81.00 94.75 81.00 95.92 84.00 98.36 86.50 100.16 87.00 101.96 0.8 80.00 93.50 81.00 94.50 84.00 96.74 85.50 98.54 87.00 100.34 0.9 80.00 92.00 81.00 93.50 81.00 95.11 84.00 96.92 86.50 98.72 1.0 78.00 91.50 80.00 92.00 81.00 93.49 84.00 95.29 85.50 97.10 1.1 77.00 89.50 80.00 90.34 81.00 92.00 81.00 93.67 85.50 95.47 1.2 77.00 87.50 78.00 88.87 80.00 90.34 81.00 92.00 84.00 93.29 1.4 73.50 81.97 77.00 86.02 78.00 87.49 80.00 88.96 81.00 92.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -9.01 175# -3.00 0.00 205# -7.21 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -7.21 0.00 165# -5.00 0.00 195# -1.80 0.00 225# -7.21 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 189.87 lb carcass, 0.68 inch back-fat, 6.96 square inch loin/2.32 inch loin depth, FFLI: 52.48% Price Range $86.50 - $100.16 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 21,496 Base Price Range $88.26 - $99.49, Weighted Average $91.36 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,194 Compared to Prior Day's closing weighted average (LM_HG207), 0.34 higher Price Range $67.40 - $72.50, Weighted Average $71.50 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 182 Illinois 8,095 Indiana 13,360 Kentucky 1,610 Michigan 5,080 North Carolina 617 New York 360 Ohio 13,061 Pennsylvania 1,590 South Carolina 356 Tennessee 1,326 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 .