LM_HG206
Des Moines, Iowa                Thu, Oct 15, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 15, 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                             12,022      7,856      5,413      8,436
  Other Market Formula                   44,314     35,645     40,540     11,900
  Swine or Pork Market Formula           78,307     54,534     57,511     38,702
  Other Purchase Arrangement             10,470      7,788      8,418     11,075
Packer Sold (all purchase types)         10,063      3,333      3,710      2,948
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,805

Compared to Prior Day's closing weighted average (LM_HG204), 0.86 lower

Base Price Range $42.00 - $50.34, Weighted Average $48.92

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 54.34   45.50 54.50   46.50 54.50   48.00 56.00   48.00 56.00
0.5         42.00 54.34   44.50 54.34   46.50 54.34   47.50 54.50   48.00 54.50
0.6         42.00 53.84   44.50 54.34   45.50 54.34   46.50 54.34   48.00 54.50
0.7         42.00 52.92   42.00 52.92   44.50 53.84   46.50 54.34   47.50 54.34
0.8         40.00 52.92   42.00 52.92   44.50 52.92   45.50 52.92   47.50 54.34
0.9         40.00 50.47   42.00 50.47   42.00 50.82   44.50 51.45   46.50 52.43
1.0         39.00 50.47   40.00 50.47   42.00 50.47   44.50 50.96   45.50 51.94
1.1         38.00 47.53   40.00 48.02   42.00 49.00   42.00 50.47   45.50 51.45
1.2         38.00 47.53   39.00 47.53   40.00 48.51   42.00 49.98   44.50 50.96
1.4         33.32 46.06   33.32 46.55   33.32 47.53   33.32 48.51   39.01 49.98
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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 -3.92          185#   -0.49  0.00          215#   -0.67  0.00
    165#    -7.35 -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: 201.59 lb carcass, 0.78 inch back-fat,
6.63 square inch loin/2.21 inch loin depth, FFLI: 50.63%

Price Range $45.50 - $52.92
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 51,200

Base Price Range $45.37 - $53.30, Weighted Average $47.89
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 2,632

Compared to Prior Day's closing weighted average (LM_HG204), 1.75 higher

Price Range $34.00 - $41.00, Weighted Average $39.48
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 81,331               Minnesota             30,165
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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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