LM_HG212 Des Moines, Iowa Tue, May 21, 2013 USDA Market News WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 21, 2013 (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 7,896 6,193 2,867 7,707 Other Market Formula 14,712 13,808 4,490 14,900 Swine or Pork Market Formula 92,496 56,473 62,678 42,344 Other Purchase Arrangement 41,830 18,650 23,934 21,470 Packer Sold (all purchase types) 5,388 1,458 1,651 997 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,638 Compared to Prior Day's closing weighted average (LM_HG208), 1.77 higher Base Price Range $82.00 - $93.00, Weighted Average $91.42 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- WESTERN CORNBELT DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS based on both Fat and Muscle Measurements for a 200 lb Carcass Basis LOIN AREA/DEPTH (INCHES) BF 4.0/ 1.4 5.0/ 1.7 6.0/ 2.0 7.0/ 2.3 8.0/ 2.7 0.4 85.00 94.50 86.50 95.50 87.50 96.50 88.50 97.00 89.00 97.00 0.5 82.00 94.00 85.00 94.50 87.50 96.50 88.00 95.50 89.00 96.00 0.6 82.00 93.50 85.00 94.00 86.50 95.50 87.50 96.50 88.50 95.50 0.7 82.00 93.00 82.00 93.50 85.00 94.50 87.50 96.50 88.00 95.00 0.8 81.00 92.50 82.00 93.00 85.00 94.00 86.50 95.50 88.00 96.50 0.9 81.00 92.00 82.00 92.50 82.00 93.50 85.00 94.50 87.50 96.50 1.0 79.00 90.00 81.00 92.00 82.00 93.00 85.00 94.00 86.50 95.50 1.1 78.00 88.00 81.00 90.00 82.00 92.50 82.00 93.50 86.50 94.50 1.2 78.00 85.00 79.00 88.00 81.00 92.00 82.00 93.00 85.00 94.00 1.4 74.50 81.50 78.00 85.00 79.00 88.00 81.00 92.00 82.00 93.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00-14.62 175# -4.00 2.25 205# 0.00 4.50 155# -30.00 -9.00 185# -1.00 4.00 215# 0.00 4.25 165# -15.00 -3.37 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 206.17 lb carcass, 0.70 inch back-fat, 7.63 square inch loin/2.54 inch loin depth, FFLI: 52.46% Price Range $87.50 - $96.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 55,298 *Price not reported due to confidentiality* -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 4,003 Compared to Prior Day's closing weighted average (LM_HG208), 0.49 higher Price Range $62.50 - $71.25, Weighted Average $70.44 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 52,946 Kansas 756 Minnesota 28,143 Missouri 335 Nebraska 8,364 South Dakota 1,061 -------------------------------------------------------------------------------- *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* 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 .