LM_HG206
Des Moines, Iowa                Thu, Oct 22, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 22, 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                              8,595      6,090      7,856     11,686
  Other Market Formula                   20,449      9,339     35,645      4,275
  Swine or Pork Market Formula           75,973     49,687     54,534     30,226
  Other Purchase Arrangement             12,481      6,945      7,788     10,125
Packer Sold (all purchase types)         17,787      9,081      3,333      6,285
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 10,952

Compared to Prior Day's closing weighted average (LM_HG204), 0.07 higher

Base Price Range $43.00 - $54.50, Weighted Average $52.46

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         45.50 57.23   46.50 57.77   47.50 58.86   49.00 59.95   49.00 59.95
0.5         43.00 56.70   45.50 57.23   47.50 58.32   48.50 59.41   49.00 60.50
0.6         43.00 56.20   45.50 56.70   46.50 57.77   47.50 58.86   49.00 59.95
0.7         43.00 55.59   43.00 56.14   45.50 57.23   47.50 58.32   48.50 59.41
0.8         41.00 54.54   43.00 55.59   45.50 56.68   46.50 57.77   48.50 58.86
0.9         41.00 53.96   43.00 54.50   43.00 56.14   45.50 57.23   47.50 58.32
1.0         40.00 53.41   41.00 53.96   43.00 55.59   45.50 56.68   46.50 57.77
1.1         39.00 52.87   41.00 53.41   43.00 54.50   43.00 56.14   46.50 57.23
1.2         39.00 52.32   40.00 52.87   41.00 53.96   43.00 55.59   45.50 56.68
1.4         35.50 51.23   36.03 51.78   36.03 52.87   36.03 53.96   40.26 55.59
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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 -4.13          185#   -0.55  0.00          215#   -0.67  0.00
    165#    -7.58 -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: 199.37 lb carcass, 0.76 inch back-fat,
6.60 square inch loin/2.20 inch loin depth, FFLI: 50.92%

Price Range $46.50 - $57.77
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 48,397

Base Price Range $46.46 - $55.93, Weighted Average $50.58
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,119

Compared to Prior Day's closing weighted average (LM_HG204), 0.83 lower

Price Range $34.00 - $41.25, Weighted Average $38.57
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 61,024               Minnesota             20,450
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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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