LM_HG206 Des Moines, Iowa Wed, Mar 17, 2010 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, March 17, 2010 (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 8,048 5,856 3,772 7,957 Other Market Formula 25,525 22,777 6,353 1,149 Swine or Pork Market Formula 64,813 43,748 44,298 48,280 Other Purchase Arrangement 13,404 12,202 24,072 4,855 Packer Sold (all purchase types) 15,850 3,689 3,565 2,324 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,447 Compared to Prior Day's closing weighted average (LM_HG204), 0.08 higher Base Price Range $62.00 - $70.50, Weighted Average $68.89 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 64.50 73.00 65.50 73.00 66.50 72.50 68.00 74.00 68.00 74.00 0.5 62.00 74.50 64.50 74.50 66.50 73.00 67.50 73.00 68.00 72.50 0.6 62.00 74.52 64.50 74.52 65.50 74.52 66.50 74.52 68.00 74.52 0.7 62.00 74.52 62.00 74.52 64.50 74.52 66.50 74.52 67.50 74.52 0.8 60.00 74.52 62.00 74.52 64.50 74.52 65.50 74.52 67.50 74.52 0.9 60.00 71.07 62.00 71.07 62.00 72.00 64.50 72.00 66.00 73.25 1.0 59.00 71.07 60.00 71.07 62.00 71.07 64.50 71.07 65.50 72.00 1.1 58.00 66.93 60.00 68.00 62.00 68.00 62.00 70.50 65.00 70.50 1.2 58.00 66.93 59.00 66.93 59.86 66.93 61.00 68.00 63.00 68.00 1.4 51.36 57.27 51.36 58.00 51.36 59.00 51.36 61.00 56.03 63.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -27.60 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -27.60 -6.76 185# 0.00 0.00 215# -0.67 0.00 165# -10.35 -1.35 195# 0.00 0.00 225# -1.50 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.92 lb carcass, 0.69 inch back-fat, 7.11 square inch loin/2.37 inch loin depth, FFLI: 52.31% Price Range $66.50 - $74.52 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 39,497 Base Price Range $66.73 - $74.53, Weighted Average $68.54 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,359 Compared to Prior Day's closing weighted average (LM_HG204), 1.45 higher Price Range $46.03 - $55.00, Weighted Average $52.85 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 65,327 Minnesota 22,517 -------------------------------------------------------------------------------- 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 .