LM_HG212 Des Moines, Iowa Tue, Feb 09, 2010 USDA Market News WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 9, 2010 (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 13,446 14,211 8,847 16,979 Other Market Formula 22,619 15,090 9,537 5,340 Swine or Pork Market Formula 110,042 61,248 52,856 62,883 Other Purchase Arrangement 20,902 15,345 7,805 7,346 Packer Sold (all purchase types) 12,869 4,039 2,273 5,460 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,484 Compared to Prior Day's closing weighted average (LM_HG208), 1.67 higher Base Price Range $61.00 - $68.00, Weighted Average $66.43 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 63.50 70.50 64.50 70.50 65.01 70.20 65.01 71.50 65.01 71.50 0.5 61.00 72.00 63.50 72.00 65.50 70.50 65.66 70.85 65.01 72.15 0.6 61.00 70.75 63.50 72.00 64.50 72.00 65.50 70.50 66.01 71.50 0.7 61.00 70.47 61.00 70.75 63.50 70.75 65.50 72.00 66.50 72.00 0.8 59.00 70.47 61.00 70.47 63.50 70.75 64.00 70.75 65.50 72.00 0.9 59.00 68.00 61.00 68.00 61.00 69.50 63.50 69.50 64.00 70.75 1.0 58.00 67.21 59.00 68.00 61.00 68.00 63.00 68.00 64.00 69.50 1.1 56.01 63.29 59.00 65.50 61.00 65.50 61.00 68.00 61.84 68.25 1.2 56.01 63.29 56.01 63.29 56.01 64.35 59.00 66.30 61.00 67.60 1.4 47.51 61.10 47.51 61.75 47.51 63.05 47.51 64.35 52.91 66.30 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -26.10 -9.52 175# -3.25 0.00 205# 0.00 0.00 155# -26.10 -5.17 185# -0.65 0.00 215# -0.67 0.00 165# -9.79 -1.35 195# 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 - $72.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 59,095 Base Price Range $59.79 - $67.96, Weighted Average $62.62 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 2,965 Compared to Prior Day's closing weighted average (LM_HG208), 1.74 higher Price Range $43.68 - $55.00, Weighted Average $52.95 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 63,452 Kansas 710 Minnesota 24,132 Missouri 2,161 Nebraska 10,399 South Dakota 7,782 -------------------------------------------------------------------------------- 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 .