LM_HG210 Des Moines, Iowa Tue, Dec 02, 2008 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, December 2, 2008 (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 15,091 13,780 11,205 20,001 Other Market Formula 8,761 8,156 10,906 6,542 Swine or Pork Market Formula 47,058 24,223 24,293 24,477 Other Purchase Arrangement 17,710 16,957 16,496 17,672 Packer Sold (all purchase types) 2,725 1,633 1,383 2,626 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,077 Compared to Prior Day's closing weighted average (LM_HG207), 0.99 higher Base Price Range $43.25 - $55.41, Weighted Average $53.98 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- EASTERN CORNBELT 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 45.75 59.27 46.75 59.97 47.75 61.41 49.25 62.49 49.25 63.56 0.5 43.25 59.41 45.75 59.41 47.75 60.45 48.75 61.52 49.25 62.59 0.6 43.25 58.16 45.75 59.41 46.75 59.48 47.75 60.56 49.25 61.63 0.7 43.25 56.91 43.25 58.16 45.75 58.52 47.75 59.59 48.75 60.66 0.8 41.25 56.91 43.25 56.91 45.75 58.16 46.75 58.63 48.75 59.70 0.9 41.25 55.41 43.25 55.41 43.25 56.91 45.75 57.66 47.75 58.73 1.0 40.25 53.68 41.25 55.41 43.25 55.63 45.75 56.70 46.75 57.77 1.1 39.25 53.08 41.25 53.73 43.25 54.66 43.25 55.73 46.75 56.81 1.2 39.25 52.43 40.25 53.08 41.25 53.73 43.25 54.39 45.75 55.26 1.4 35.75 51.17 39.25 51.83 40.25 52.48 41.25 53.13 43.25 54.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -18.38 -1.05 175# -3.00 0.00 205# -4.29 0.00 155# -13.50 0.00 185# -0.53 0.00 215# -4.29 0.00 165# -6.00 0.00 195# -1.07 0.00 225# -4.29 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 196.77 lb carcass, 0.75 inch back-fat, 6.72 square inch loin/2.24 inch loin depth, FFLI: 51.16% Price Range $46.75 - $58.63 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 26,576 Base Price Range $46.54 - $56.78, Weighted Average $51.72 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 917 Compared to Prior Day's closing weighted average (LM_HG207), 0.29 lower Price Range $33.52 - $42.51, Weighted Average $39.87 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 329 Georgia 25 Illinois 16,529 Indiana 19,292 Kentucky 893 Maryland 140 Michigan 5,710 Mississippi 1,829 North Carolina 2,038 New York 180 Ohio 10,243 Pennsylvania 5,010 Tennessee 1,193 Wisconsin 845 -------------------------------------------------------------------------------- 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 1500C .