LM_HG211 Des Moines, Iowa Fri, Nov 20, 2009 USDA Market News WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, November 20, 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 12,850 1,877 1,373 2,001 Other Market Formula 9,200 3,600 4,655 3,539 Swine or Pork Market Formula 139,184 37,821 52,686 34,093 Other Purchase Arrangement 47,731 440 820 5,350 Packer Sold (all purchase types) 16,860 2,906 2,168 2,786 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 1,260 Compared to Prior Day's closing weighted average (LM_HG208), 0.44 lower Base Price Range $49.25 - $51.35, Weighted Average $50.89 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- WESTERN 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 50.73 55.35 50.73 54.75 50.73 54.75 50.73 56.25 50.73 56.25 0.5 50.73 55.35 50.73 55.35 50.73 55.35 50.73 54.75 50.73 54.75 0.6 51.00 54.85 51.00 55.35 52.50 55.35 52.50 55.35 53.18 54.75 0.7 49.50 53.19 49.50 54.10 51.00 54.85 51.00 55.35 52.50 55.35 0.8 48.50 53.19 49.50 53.19 49.50 54.10 49.50 54.10 51.00 55.35 0.9 46.50 51.35 48.50 51.35 48.50 52.85 49.50 52.85 49.50 54.10 1.0 46.50 50.73 46.50 51.35 46.50 51.35 48.50 51.35 49.50 52.85 1.1 43.18 47.77 44.50 48.85 46.50 48.85 46.50 51.35 47.77 51.35 1.2 42.50 47.77 42.50 47.77 43.18 47.77 44.50 48.85 46.50 48.85 1.4 34.68 41.35 34.68 41.35 34.68 41.35 34.68 43.35 40.88 44.35 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00-13.50 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -9.00 185# 0.00 0.00 215# 0.00 0.00 165# -7.39 -3.00 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.62 lb carcass, 0.72 inch back-fat, 6.87 square inch loin/2.29 inch loin depth, FFLI: 51.72% Price Range $51.00 - $55.35 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 38,746 Base Price Range $48.23 - $55.50, Weighted Average $49.75 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 600 Compared to Prior Day's closing weighted average (LM_HG208), 0.76 higher Price Range $32.01 - $42.00, Weighted Average $39.28 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 28,211 Kansas 520 Minnesota 11,334 Missouri 310 Nebraska 4,882 South Dakota 587 -------------------------------------------------------------------------------- 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 .