LM_HG204
Des Moines, Iowa                Fri, Feb 06, 2009               USDA Market News
IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, February 5, 2009
                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS
                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               11,185          16,038         22,747
  Other Market Formula                      4,167           1,909         27,128
  Swine or Pork Market Formula             87,815          86,819         75,983
  Other Purchase Arrangement               11,760           8,376         13,150
Packer Sold (all purchase types)           12,504          14,847          7,848
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                       NEGOTIATED       OTHER       SWINE       OTHER    TOTALS/
                                       MARKET     OR PORK    PURCHASE    WTD AVG
                                      FORMULA      MARKET    ARRGMENT
                                                  FORMULA
Barrows & Gilts (carcass basis):
Producer Sold
  Head Count               10,334       4,167      84,825      11,760    111,086
  Base Price                54.71       69.42       55.56       55.68      56.01
Packer Sold
  Head Count                                                              11,622
  Base Price                                                               53.13
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                   NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 13,564
Compared to Prior Day's closing weighted average (LM_HG204), 1.60 lower
Base Price Range $44.00 - $58.45, Weighted Average $55.47
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         46.50 62.45   47.50 61.45   48.50 61.40   50.00 62.90   50.00 63.90
0.5         44.00 62.45   46.50 62.45   48.50 62.45   49.50 62.15   50.00 63.40
0.6         44.00 61.95   46.50 62.45   47.50 62.45   48.50 62.45   50.00 62.90
0.7         44.00 59.45   44.00 60.45   46.50 61.95   48.50 62.45   49.50 62.45
0.8         42.00 58.45   44.00 59.45   46.50 60.45   47.50 60.45   49.50 62.45
0.9         42.00 56.76   44.00 57.45   44.00 58.45   46.50 59.45   48.50 60.65
1.0         41.00 55.62   42.00 56.76   44.00 56.76   46.50 57.90   47.50 59.90
1.1         40.00 52.45   42.00 54.26   44.00 55.45   44.00 56.90   47.50 58.90
1.2         40.00 52.38   41.00 52.38   42.00 53.90   44.00 55.90   46.50 57.90
1.4         36.50 51.90   40.00 51.90   41.00 52.38   42.00 53.90   43.16 55.90
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                           CARCASS WEIGHT DIFFERENTIALS
    145#   -21.60 -9.52          175#   -3.25  0.00          205#    0.00  0.00
    155#   -21.60 -4.20          185#   -1.50  0.00          215#   -0.67  0.00
    165#    -8.10 -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: 204.80 lb carcass, 0.70 inch back-fat,
6.93 square inch loin/2.31 inch loin depth, FFLI: 52.05%
Price Range $48.50 - $62.45
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 93,217
Base Price Range $47.64 - $61.78, Weighted Average $55.18
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                   NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 832
Compared to Prior Day's closing weighted average (LM_HG204), 1.37 lower
Price Range $37.00 - $45.28, Weighted Average $42.16
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Iowa                 82,701             Minnesota             44,730
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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
0800C
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