LM_HG206
Des Moines, Iowa                Thu, Nov 05, 2009               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, November 5, 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                              9,086      5,846      5,226     12,744
  Other Market Formula                   45,262     21,655     28,125      7,579
  Swine or Pork Market Formula           68,975     46,992     53,766     39,461
  Other Purchase Arrangement              6,381      4,990      4,970     12,690
Packer Sold (all purchase types)         13,930      5,070      5,485      6,360
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,922

Compared to Prior Day's closing weighted average (LM_HG204), 1.42 lower

Base Price Range $44.50 - $56.00, Weighted Average $53.92

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 60.00   48.00 59.00   49.00 58.86   50.50 60.00   50.50 60.00
0.5         44.50 60.00   47.00 60.00   49.00 60.00   50.00 59.41   50.50 60.50
0.6         44.50 59.50   47.00 60.00   48.00 60.00   49.00 60.00   50.50 59.95
0.7         44.50 57.00   44.50 58.00   47.00 59.50   49.00 60.00   50.00 60.00
0.8         42.50 56.00   44.50 57.00   47.00 58.00   48.00 58.00   50.00 60.00
0.9         42.50 54.05   44.50 55.00   44.50 56.14   47.00 57.23   49.00 58.32
1.0         41.50 53.41   42.50 54.05   44.50 55.59   47.00 56.68   48.00 57.77
1.1         40.50 52.87   42.50 53.41   44.50 54.50   44.50 56.14   48.00 57.23
1.2         40.50 52.32   41.50 52.87   42.50 53.96   44.50 55.59   47.00 56.68
1.4         37.00 51.23   37.38 51.78   37.38 52.87   37.38 53.96   44.50 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 -4.27          185#   -0.55  0.00          215#   -0.67  0.00
    165#    -6.00 -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: 200.90 lb carcass, 0.76 inch back-fat,
6.69 square inch loin/2.23 inch loin depth, FFLI: 50.98%

Price Range $48.00 - $58.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 45,418

Base Price Range $48.48 - $58.71, Weighted Average $52.79
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 1,193

Compared to Prior Day's closing weighted average (LM_HG204), 1.02 lower

Price Range $36.54 - $43.50, Weighted Average $40.94
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 64,513               Minnesota             19,259
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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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