LM_HG206
Des Moines, Iowa                Wed, Oct 14, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 14, 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                              9,862      5,899      9,660      6,273
  Other Market Formula                   20,415     14,620     33,475     22,993
  Swine or Pork Market Formula           78,055     53,942     58,585     48,121
  Other Purchase Arrangement             12,504      6,878      8,218      8,940
Packer Sold (all purchase types)         10,177      4,361      3,093      3,284
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,276

Compared to Prior Day's closing weighted average (LM_HG204), 0.06 lower

Base Price Range $41.00 - $51.01, Weighted Average $49.80

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         43.50 55.01   44.50 55.50   45.50 55.50   47.00 57.00   47.00 57.00
0.5         41.00 55.01   43.50 55.01   45.50 55.01   46.50 55.50   47.00 55.50
0.6         41.00 54.51   43.50 55.01   44.50 55.01   45.50 55.01   47.00 55.50
0.7         41.00 52.01   41.00 53.01   43.50 54.51   45.50 55.01   46.50 55.01
0.8         39.00 51.01   41.00 52.01   43.50 53.01   44.50 53.01   46.50 55.01
0.9         39.00 49.32   41.00 50.01   41.00 51.01   43.50 52.01   45.50 53.01
1.0         38.00 48.01   39.00 49.32   41.00 49.32   43.50 50.01   44.50 52.01
1.1         37.00 46.64   39.00 47.12   41.00 48.08   41.00 49.52   44.50 50.48
1.2         37.00 46.16   38.00 46.64   39.00 47.60   41.00 49.04   43.50 50.00
1.4         31.97 45.20   31.97 45.68   31.97 46.64   31.97 47.60   38.39 49.04
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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 -3.85          185#   -0.48  0.00          215#   -0.67  0.00
    165#    -6.94 -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: 201.02 lb carcass, 0.77 inch back-fat,
6.63 square inch loin/2.21 inch loin depth, FFLI: 50.79%

Price Range $44.50 - $53.01
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 51,139

Base Price Range $45.37 - $53.51, Weighted Average $47.95
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,907

Compared to Prior Day's closing weighted average (LM_HG204), 1.06 higher

Price Range $31.94 - $40.00, Weighted Average $37.51
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 63,504               Minnesota             21,777
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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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