LM_HG206
Des Moines, Iowa                Wed, Oct 28, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 28, 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                              7,834      5,878     12,031     10,559
  Other Market Formula                   12,494      9,860     33,335      6,986
  Swine or Pork Market Formula           74,877     53,917     49,622     40,598
  Other Purchase Arrangement             14,007      8,674      7,220     13,126
Packer Sold (all purchase types)         17,293      9,879      4,070      3,590
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,171

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

Base Price Range $49.50 - $52.50, Weighted Average $51.62

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         50.99 56.50   50.99 56.75   50.99 56.75   50.99 58.25   50.99 58.25
0.5         50.99 56.50   50.99 56.50   50.99 56.50   50.99 56.75   50.99 57.72
0.6         51.25 56.00   51.25 56.50   52.75 56.50   52.50 56.50   52.50 57.20
0.7         49.75 54.54   49.75 54.54   51.25 56.00   51.25 56.50   52.75 56.68
0.8         48.75 54.54   49.75 54.54   49.75 54.54   49.75 55.12   51.25 56.50
0.9         46.75 52.02   48.75 52.02   48.75 53.56   49.75 54.60   49.75 55.64
1.0         46.75 52.02   46.75 52.02   46.75 53.04   48.75 54.08   49.75 55.12
1.1         42.50 50.44   44.75 50.96   46.75 52.00   46.75 53.56   48.02 54.60
1.2         42.50 49.92   42.50 50.44   42.50 51.48   44.75 53.04   46.75 54.08
1.4         34.00 48.88   34.00 49.40   34.00 50.44   34.00 51.48   41.09 53.04
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -22.00-13.50          175#   -3.00  0.00          205#    0.00  0.00
    155#   -22.00 -4.00          185#   -0.52  0.00          215#   -0.52  0.00
    165#    -7.58 -3.00          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: 201.62 lb carcass, 0.77 inch back-fat,
6.66 square inch loin/2.22 inch loin depth, FFLI: 50.81%

Price Range $49.75 - $55.12
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 51,331

Base Price Range $48.42 - $55.11, Weighted Average $50.33
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,521

Compared to Prior Day's closing weighted average (LM_HG204), 0.26 higher

Price Range $31.37 - $41.50, Weighted Average $38.74
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 61,844               Minnesota             22,944
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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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