LM_HG211 Des Moines, Iowa Tue, Feb 09, 2010 USDA Market News WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 9, 2010 (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 11,678 1,022 2,126 6,314 Other Market Formula 7,200 365 340 540 Swine or Pork Market Formula 108,562 34,840 26,091 37,029 Other Purchase Arrangement 21,297 8,345 3,525 1,010 Packer Sold (all purchase types) 12,650 3,139 1,733 5,280 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 828 Compared to Prior Day's closing weighted average (LM_HG208), 0.36 lower Base Price Range $63.75 - $66.01, Weighted Average $64.40 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 65.66 68.51 65.66 69.00 65.66 69.00 65.66 70.50 65.66 70.50 0.5 65.50 70.01 65.66 70.01 65.66 68.51 65.66 69.00 65.66 69.00 0.6 65.50 69.93 65.50 70.01 67.00 70.01 66.91 69.93 66.91 69.93 0.7 64.00 69.93 64.00 69.93 65.50 69.93 65.50 70.01 67.00 70.01 0.8 63.00 69.93 64.00 69.93 64.00 69.93 64.00 69.93 65.50 70.01 0.9 61.00 66.69 63.00 66.69 63.00 67.51 64.00 67.51 64.00 68.76 1.0 61.00 66.69 61.00 66.69 61.00 66.69 63.00 66.69 64.00 67.51 1.1 56.91 62.81 59.00 63.51 61.00 63.51 61.00 66.01 61.84 66.01 1.2 56.91 62.81 56.91 62.81 56.91 62.81 59.00 63.51 61.00 63.51 1.4 48.41 53.74 48.41 54.50 48.41 54.50 48.41 57.50 52.91 58.51 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -25.90-15.00 175# -3.00 0.00 205# 0.00 0.00 155# -25.90 -9.00 185# 0.00 0.00 215# 0.00 0.00 165# -9.71 -5.00 195# 0.00 0.00 225# -1.50 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 201.22 lb carcass, 0.69 inch back-fat, 6.99 square inch loin/2.33 inch loin depth, FFLI: 52.26% Price Range $65.50 - $70.01 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 34,789 Base Price Range $60.42 - $67.96, Weighted Average $62.61 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 190 Compared to Prior Day's closing weighted average (LM_HG208), ***Market not well established*** -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 23,777 Kansas 360 Minnesota 13,504 Missouri 331 Nebraska 7,450 South Dakota 20 -------------------------------------------------------------------------------- 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 .