LM_HG204 Des Moines, Iowa Tue, Dec 02, 2008 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, December 1, 2008 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 25,311 14,653 16,349 Other Market Formula 23,080 18,547 11,788 Swine or Pork Market Formula 77,265 86,919 75,955 Other Purchase Arrangement 58,033 55,187 65,439 Packer Sold (all purchase types) 11,203 13,801 9,614 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 13,021 23,080 75,948 58,033 170,082 Base Price 54.71 64.30 53.26 61.13 57.55 Packer Sold Head Count 10,800 Base Price 53.07 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 14,381 Compared to Prior Day's closing weighted average (LM_HG204), 0.70 higher Base Price Range $46.00 - $59.00, Weighted Average $54.81 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- 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 48.50 63.00 49.50 62.00 50.50 61.50 51.50 61.50 51.50 61.75 0.5 46.00 63.00 48.50 63.00 50.50 63.00 51.50 62.00 51.50 61.50 0.6 46.00 62.50 48.50 63.00 49.50 63.00 50.50 63.00 52.00 62.00 0.7 46.00 60.00 46.00 61.00 48.50 62.50 50.50 63.00 51.50 63.00 0.8 44.00 59.00 46.00 60.00 48.50 61.00 49.50 61.00 51.50 63.00 0.9 44.00 57.00 46.00 58.00 46.00 59.00 48.50 60.00 50.50 61.00 1.0 43.00 56.00 44.00 57.00 46.00 57.00 48.50 58.00 49.50 60.00 1.1 42.00 53.00 44.00 54.50 46.00 56.00 46.00 57.00 48.50 58.00 1.2 42.00 52.00 43.00 52.00 44.00 53.00 46.00 54.50 48.50 56.00 1.4 38.50 49.75 41.50 49.88 41.50 50.93 41.50 51.98 41.50 53.75 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.80 -9.52 175# -3.25 0.00 205# 0.00 0.00 155# -20.80 -4.09 185# -1.50 0.00 215# -0.67 0.00 165# -7.80 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.20 lb carcass, 0.73 inch back-fat, 6.90 square inch loin/2.30 inch loin depth, FFLI: 51.57% Price Range $50.50 - $63.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 85,048 Base Price Range $45.87 - $58.80, Weighted Average $53.18 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 11,979 Compared to Prior Day's closing weighted average (LM_HG204), 0.87 higher Price Range $36.00 - $43.50, Weighted Average $42.93 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 128,365 Minnesota 66,527 -------------------------------------------------------------------------------- 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 0800C .