LM_HG210 Des Moines, Iowa Fri, Mar 19, 2010 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, March 19, 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 9,052 7,537 18,781 16,878 Other Market Formula 22,198 18,229 4,544 23,437 Swine or Pork Market Formula 50,232 25,595 17,720 25,882 Other Purchase Arrangement 20,242 16,594 20,095 12,771 Packer Sold (all purchase types) 2,134 620 540 1,504 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,959 Compared to Prior Day's closing weighted average (LM_HG207), 0.34 higher Base Price Range $62.50 - $70.27, Weighted Average $67.58 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 65.00 73.06 66.00 73.92 67.00 75.70 68.50 77.03 68.50 78.35 0.5 62.50 74.27 65.00 74.27 67.00 74.52 68.00 75.84 68.50 77.16 0.6 62.50 73.02 65.00 74.27 66.00 74.27 67.00 74.65 68.50 75.97 0.7 62.50 71.77 62.50 73.02 65.00 73.02 67.00 74.27 68.00 74.78 0.8 60.50 71.77 62.50 71.77 65.00 73.02 66.00 73.02 68.00 74.27 0.9 60.50 70.27 62.50 70.27 62.50 71.77 65.00 71.77 66.50 73.02 1.0 59.50 67.77 60.50 70.27 62.50 70.27 65.00 70.27 66.00 71.77 1.1 58.50 66.30 60.50 67.77 62.50 67.93 62.50 70.27 65.50 70.27 1.2 58.50 65.48 59.50 66.30 60.07 67.12 61.50 67.93 63.50 69.02 1.4 51.57 63.92 51.57 64.74 51.57 65.55 51.57 66.37 59.50 67.46 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -1.32 175# -3.00 0.00 205# -5.28 0.00 155# -22.00 0.00 185# 0.00 0.00 215# -5.28 0.00 165# -6.00 0.00 195# -1.32 0.00 225# -5.28 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 190.09 lb carcass, 0.68 inch back-fat, 6.93 square inch loin/2.31 inch loin depth, FFLI: 52.46% Price Range $67.00 - $74.27 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 26,152 Base Price Range $65.93 - $72.01, Weighted Average $67.74 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 857 Compared to Prior Day's closing weighted average (LM_HG207), 1.23 lower Price Range $50.21 - $53.00, Weighted Average $52.24 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 678 Georgia 149 Illinois 13,560 Indiana 15,139 Kentucky 1,444 Michigan 6,605 Mississippi 320 North Carolina 1,100 New York 180 Ohio 24,231 Pennsylvania 2,280 South Carolina 87 Tennessee 1,367 Wisconsin 993 -------------------------------------------------------------------------------- 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 .