LM_HG206
Des Moines, Iowa                Fri, Oct 16, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, October 16, 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                              8,737      5,135      4,886      8,125
  Other Market Formula                   17,232      5,209      8,270     14,681
  Swine or Pork Market Formula           98,807     70,087     76,066     74,327
  Other Purchase Arrangement             43,769     37,075     39,895     36,236
Packer Sold (all purchase types)          9,712      3,444      3,967      6,228
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,473

Compared to Prior Day's closing weighted average (LM_HG204), 0.29 higher

Base Price Range $42.00 - $50.68, Weighted Average $49.31

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 54.68   45.50 54.75   46.50 54.75   48.00 56.25   48.00 56.25
0.5         42.00 54.68   44.50 54.68   46.50 54.68   47.50 54.75   48.00 55.47
0.6         42.00 54.18   44.50 54.68   45.50 54.68   46.50 54.68   48.00 54.97
0.7         42.00 52.92   42.00 52.92   44.50 54.18   46.50 54.68   47.50 54.68
0.8         40.00 52.92   42.00 52.92   44.50 52.92   45.50 52.97   47.50 54.68
0.9         40.00 50.47   42.00 50.47   42.00 51.50   44.50 52.47   46.50 53.47
1.0         39.00 50.47   40.00 50.47   42.00 50.97   44.50 51.97   45.50 52.97
1.1         38.00 48.47   40.00 48.97   42.00 49.97   42.00 51.47   45.50 52.47
1.2         38.00 47.97   39.00 48.47   40.00 49.47   42.00 50.97   44.50 51.97
1.4         32.99 46.97   32.99 47.47   32.99 48.47   32.99 49.47   39.01 50.97
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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 -3.89          185#   -0.50  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: 201.60 lb carcass, 0.78 inch back-fat,
6.60 square inch loin/2.20 inch loin depth, FFLI: 50.61%

Price Range $45.50 - $52.97
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 62,631

Base Price Range $46.14 - $52.68, Weighted Average $47.93
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 999

Compared to Prior Day's closing weighted average (LM_HG204), 3.95 lower

Price Range $33.95 - $39.23, Weighted Average $35.59
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 95,484               Minnesota             33,141
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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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