LM_HG206
Des Moines, Iowa                Wed, Nov 04, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, November 4, 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                              8,644      6,659      5,878     10,720
  Other Market Formula                    9,328      8,227      9,860      3,286
  Swine or Pork Market Formula           73,239     48,887     53,917     43,208
  Other Purchase Arrangement             12,380      9,438      8,674     10,945
Packer Sold (all purchase types)         14,539      7,094      9,879      3,235
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,511

Compared to Prior Day's closing weighted average (LM_HG204), 2.76 higher

Base Price Range $44.50 - $57.00, Weighted Average $55.10

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         47.00 60.42   48.00 60.42   49.00 61.56   50.50 62.70   50.50 62.70
0.5         44.50 60.42   47.00 60.42   49.00 60.99   50.00 62.13   50.50 63.27
0.6         44.50 59.92   47.00 60.42   48.00 60.42   49.00 61.56   50.50 62.70
0.7         44.50 58.14   44.50 58.71   47.00 59.92   49.00 60.99   50.00 62.13
0.8         42.50 57.00   44.50 58.14   47.00 59.28   48.00 60.42   50.00 61.56
0.9         42.50 56.43   44.50 57.00   44.50 58.71   47.00 59.85   49.00 60.99
1.0         41.50 55.86   42.50 56.43   44.50 58.14   47.00 59.28   48.00 60.42
1.1         40.50 55.29   42.50 55.86   44.50 57.00   44.50 58.71   48.00 59.85
1.2         40.50 54.72   41.50 55.29   42.50 56.43   44.50 58.14   47.00 59.28
1.4         37.00 53.58   37.38 54.15   37.38 55.29   37.38 56.43   42.33 58.14
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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 -4.46          185#   -0.57  0.00          215#   -0.67  0.00
    165#    -7.80 -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: 200.56 lb carcass, 0.76 inch back-fat,
6.69 square inch loin/2.23 inch loin depth, FFLI: 50.98%

Price Range $48.00 - $60.42
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 44,109

Base Price Range $49.06 - $56.87, Weighted Average $51.47
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 3,584

Compared to Prior Day's closing weighted average (LM_HG204), 1.83 higher

Price Range $37.50 - $43.50, Weighted Average $41.87
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 60,487               Minnesota             35,210
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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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