LM_HG206
Des Moines, Iowa                Thu, Oct 08, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 8, 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                             10,442      5,413      4,774      8,516
  Other Market Formula                   70,112     40,540      5,890     15,383
  Swine or Pork Market Formula           85,355     57,511     54,653     33,474
  Other Purchase Arrangement             11,925      8,418      6,538     11,621
Packer Sold (all purchase types)          7,873      3,710      4,327      3,088
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,711

Compared to Prior Day's closing weighted average (LM_HG204), 1.09 lower

Base Price Range $42.00 - $49.32, Weighted Average $48.12

Base Price is the price from which no discounts are
subtracted and no premiums are added.
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            IOWA/MINNESOTA 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         44.50 52.65   45.50 53.50   46.50 53.50   47.64 55.00   47.64 55.00
0.5         42.00 53.32   44.50 53.32   46.50 52.65   47.50 53.50   47.64 53.50
0.6         42.00 52.15   44.50 53.32   45.50 53.32   46.50 52.65   48.00 53.50
0.7         42.00 51.57   42.00 52.07   44.50 52.15   46.50 53.32   47.50 53.32
0.8         40.00 51.57   42.00 51.57   44.50 52.07   45.50 52.07   47.50 53.32
0.9         40.00 49.32   42.00 49.32   42.00 50.82   44.50 50.82   46.50 52.07
1.0         39.00 49.18   40.00 49.32   42.00 49.32   44.50 49.75   45.50 50.82
1.1         38.00 46.40   40.00 46.88   42.00 47.84   42.00 49.32   44.86 50.23
1.2         38.00 46.32   39.00 46.40   39.80 47.36   42.00 48.80   44.50 49.75
1.4         31.30 44.97   31.30 45.45   31.30 46.40   31.30 47.36   38.39 48.80
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -22.00 -9.52          175#   -3.00  0.00          205#    0.00  0.00
    155#   -22.00 -3.83          185#   -0.48  0.00          215#   -0.67  0.00
    165#    -7.16 -1.35          195#    0.00  0.00          225#   -5.25  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.75 lb carcass, 0.77 inch back-fat,
6.63 square inch loin/2.21 inch loin depth, FFLI: 50.79%

Price Range $45.50 - $52.07
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 52,872

Base Price Range $45.31 - $53.05, Weighted Average $46.87
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,072

Compared to Prior Day's closing weighted average (LM_HG204), 0.12 higher

Price Range $34.00 - $39.25, Weighted Average $37.61
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 82,734               Minnesota             21,316
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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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