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Eastern Cornbelt Daily Direct Prior Day Hog - Purchased Swine

09/21/2009 08:16AM

LM_HG207
Des Moines, Iowa                Mon, Sep 21, 2009               USDA Market News

EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, September 18, 2009

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                7,375          14,131         15,766
  Other Market Formula                     14,809          15,704         10,872
  Swine or Pork Market Formula             56,488          90,996         65,790
  Other Purchase Arrangement               17,030          27,753         19,652
Packer Sold (all purchase types)            1,552           2,898          2,460
--------------------------------------------------------------------------------
                       NEGOTIATED       OTHER       SWINE       OTHER    TOTALS/
                                       MARKET     OR PORK    PURCHASE    WTD AVG
                                      FORMULA      MARKET    ARRGMENT
                                                  FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count                5,896      14,809      54,979      17,030     92,714
  Base Price                48.07       54.05       50.14       62.42      52.89
Packer Sold
  Head Count                                                               1,357
  Base Price                                                               51.32
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,896

Compared to Prior Day's closing weighted average (LM_HG207), 0.07 lower

Base Price Range $41.50 - $50.00, Weighted Average $48.07

Base Price is the price from which no discounts are
subtracted and no premiums are added.
--------------------------------------------------------------------------------
           EASTERN 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         44.00 53.32   45.00 54.50   46.00 55.25   47.50 56.21   47.50 57.18
0.5         41.50 53.32   44.00 53.32   46.00 54.38   47.00 55.35   47.50 56.31
0.6         41.50 52.07   44.00 53.32   45.00 53.51   46.00 54.48   47.50 55.44
0.7         41.50 50.82   41.50 52.07   44.00 52.65   46.00 53.61   47.00 54.57
0.8         39.50 50.82   41.50 50.82   44.00 52.07   45.00 52.74   47.00 53.71
0.9         39.50 49.32   41.50 49.61   41.50 50.99   44.00 51.98   46.00 52.97
1.0         38.50 48.51   39.50 49.32   41.50 50.49   44.00 51.48   45.00 52.47
1.1         37.50 48.02   39.50 48.51   41.50 49.50   41.50 50.99   45.00 51.98
1.2         37.50 47.52   38.50 48.02   39.50 49.01   41.50 50.49   44.00 51.48
1.4         31.97 46.53   31.97 47.03   31.97 48.02   31.97 49.01   40.47 50.49
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -22.00 -0.96          175#   -3.00  0.00          205#   -3.86  0.00
    155#   -22.00  0.00          185#   -0.50  0.00          215#   -3.86  0.00
    165#    -6.00  0.00          195#   -0.96  0.00          225#   -3.86  0.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 192.90 lb carcass, 0.75 inch back-fat,
6.96 square inch loin/2.32 inch loin depth, FFLI: 51.32%

Price Range $45.00 - $52.74
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 56,336

Base Price Range $45.64 - $54.16, Weighted Average $50.17
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,428

Compared to Prior Day's closing weighted average (LM_HG207), 1.00 lower

Price Range $33.25 - $40.60, Weighted Average $38.01
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Alabama                 953             Illinois              28,235
Indiana              21,708             Kentucky               2,368
Michigan              2,511             Mississippi            1,746
North Carolina       14,650             New York                 360
Ohio                 18,810             Pennsylvania           3,244
South Carolina          696             Tennessee                702
Wisconsin             1,271
--------------------------------------------------------------------------------
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
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