LM_HG206
Des Moines, Iowa                Thu, Oct 29, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 29, 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                              6,949      5,226      6,090     11,104
  Other Market Formula                   31,158     28,125      9,339      3,273
  Swine or Pork Market Formula           80,837     53,766     49,687     37,606
  Other Purchase Arrangement             12,207      4,970      6,945     11,970
Packer Sold (all purchase types)         11,779      5,485      9,081      2,294
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 10,701

Compared to Prior Day's closing weighted average (LM_HG204), 0.75 higher

Base Price Range $42.50 - $53.50, Weighted Average $52.30

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         45.00 56.03   46.00 56.25   47.00 56.70   48.50 57.75   48.50 57.75
0.5         42.50 57.50   45.00 57.50   47.00 56.18   48.00 57.23   48.50 58.28
0.6         42.50 56.25   45.00 57.50   46.00 57.50   47.00 56.70   48.50 57.75
0.7         42.50 55.00   42.50 56.25   45.00 56.25   47.00 57.50   48.00 57.50
0.8         40.50 55.00   42.50 55.00   45.00 56.25   46.00 56.25   48.00 57.50
0.9         40.50 53.50   42.50 53.50   42.50 55.00   45.00 55.13   47.00 56.25
1.0         39.50 52.02   40.50 53.50   42.50 53.55   45.00 54.60   46.00 55.65
1.1         38.50 50.93   40.50 51.45   42.50 52.50   42.50 54.08   46.00 55.13
1.2         38.50 50.40   39.50 50.93   40.50 51.98   42.50 53.55   45.00 54.60
1.4         34.68 49.35   34.68 49.88   34.68 50.93   34.68 51.98   41.09 53.55
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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 -4.05          185#   -0.53  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: 201.44 lb carcass, 0.77 inch back-fat,
6.66 square inch loin/2.22 inch loin depth, FFLI: 50.81%

Price Range $46.00 - $56.25
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 53,376

Base Price Range $48.42 - $55.12, Weighted Average $50.47
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,268

Compared to Prior Day's closing weighted average (LM_HG204), 0.08 lower

Price Range $34.00 - $41.21, Weighted Average $38.64
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 84,262               Minnesota             18,927
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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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