LM_HG206
Des Moines, Iowa                Mon, Oct 26, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Monday, October 26, 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                              9,291      9,376      6,940     10,034
  Other Market Formula                   18,841     14,050     13,800     17,508
  Swine or Pork Market Formula           76,184     50,202     61,967     30,513
  Other Purchase Arrangement             55,744     48,822     52,976     60,068
Packer Sold (all purchase types)         11,139      4,392      8,305      2,278
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,143

Compared to Prior Day's closing weighted average (LM_HG204), 1.53 higher

Base Price Range $42.00 - $55.00, Weighted Average $52.73

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 57.75   45.50 58.30   46.50 59.40   48.00 60.50   48.00 60.50
0.5         42.00 57.20   44.50 57.75   46.50 58.85   47.50 59.95   48.00 61.05
0.6         42.00 56.65   44.50 57.20   45.50 58.30   46.50 59.40   48.00 60.50
0.7         42.00 56.10   42.00 56.65   44.50 57.75   46.50 58.85   47.50 59.95
0.8         40.00 55.00   42.00 56.10   44.50 57.20   45.50 58.30   47.50 59.40
0.9         40.00 54.45   42.00 55.00   42.00 56.65   44.50 57.75   46.50 58.85
1.0         39.00 53.90   40.00 54.45   42.00 56.10   44.50 57.20   45.50 58.30
1.1         38.00 53.35   40.00 53.90   42.00 55.00   42.00 56.65   45.50 57.75
1.2         38.00 52.80   39.00 53.35   40.00 54.45   42.00 56.10   44.50 57.20
1.4         34.00 51.70   34.00 52.25   34.00 53.35   34.00 54.45   40.26 56.10
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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 -4.20          185#   -0.55  0.00          215#   -0.67  0.00
    165#    -7.43 -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: 199.94 lb carcass, 0.76 inch back-fat,
6.66 square inch loin/2.22 inch loin depth, FFLI: 50.96%

Price Range $45.50 - $58.30
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 49,471

Base Price Range $48.63 - $55.19, Weighted Average $50.62
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,449

Compared to Prior Day's closing weighted average (LM_HG204), 0.16 lower

Price Range $34.00 - $40.32, Weighted Average $38.62
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 87,895               Minnesota             37,617
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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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