LM_HG212 Des Moines, Iowa Mon, Nov 23, 2009 USDA Market News WESTERN 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 17,506 14,767 12,828 14,582 Other Market Formula 39,922 11,190 19,711 12,170 Swine or Pork Market Formula 120,112 67,183 56,962 46,473 Other Purchase Arrangement 58,788 48,190 61,344 52,722 Packer Sold (all purchase types) 14,346 5,708 4,255 7,068 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 14,044 Compared to Prior Day's closing weighted average (LM_HG208), 2.33 higher Base Price Range $47.00 - $56.00, Weighted Average $54.10 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 49.50 58.80 50.50 59.36 51.50 60.48 51.50 61.60 51.50 61.60 0.5 47.00 58.55 49.50 58.80 51.50 59.92 51.50 61.04 51.50 62.16 0.6 47.00 58.05 49.50 58.55 50.50 59.36 51.50 60.48 53.00 61.60 0.7 47.00 57.12 47.00 57.68 49.50 58.80 51.50 59.92 52.50 61.04 0.8 45.00 56.00 47.00 57.12 49.50 58.24 50.00 59.36 51.50 60.48 0.9 45.00 55.44 47.00 56.00 47.00 57.68 49.50 58.80 50.00 59.92 1.0 44.00 54.88 45.00 55.44 47.00 57.12 49.00 58.24 50.00 59.36 1.1 43.00 54.32 45.00 54.88 47.00 56.00 47.00 57.68 48.50 58.80 1.2 43.00 53.76 43.00 54.32 43.85 55.44 45.00 57.12 47.00 58.24 1.4 35.35 52.64 35.35 53.20 35.35 54.32 35.35 55.44 41.50 57.12 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -22.00 -4.28 185# -0.56 0.00 215# -0.67 0.00 165# -7.65 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 202.04 lb carcass, 0.72 inch back-fat, 6.87 square inch loin/2.29 inch loin depth, FFLI: 51.71% Price Range $51.50 - $59.92 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 68,793 Base Price Range $48.23 - $55.12, Weighted Average $50.53 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,869 Compared to Prior Day's closing weighted average (LM_HG208), 0.04 lower Price Range $34.00 - $42.00, Weighted Average $38.30 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 90,248 Kansas 300 Minnesota 42,412 Missouri 4,929 Nebraska 8,292 South Dakota 5,056 -------------------------------------------------------------------------------- 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 .