LM_HG204 Des Moines, Iowa Tue, Jun 18, 2013 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Monday, June 17, 2013 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 2,813 4,571 8,192 Other Market Formula 19,662 15,388 25,670 Swine or Pork Market Formula 82,018 81,877 72,663 Other Purchase Arrangement 67,911 74,883 45,146 Packer Sold (all purchase types) 7,745 8,011 9,076 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 1,427 19,662 80,202 67,911 169,202 Base Price 99.90 90.87 100.67 97.30 98.17 Packer Sold Head Count 7,745 Base Price 99.71 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 1,427 Compared to Prior Day's closing weighted average (LM_HG204), 1.67 higher Base Price Range $90.50 - $102.00, Weighted Average $99.90 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- IOWA/MINNESOTA 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 93.50 103.00 95.00 104.00 96.00 105.50 97.00 107.00 97.50 108.00 0.5 90.50 102.00 93.50 103.00 96.00 104.75 96.50 106.25 97.50 107.50 0.6 90.50 101.00 93.50 102.00 95.00 104.00 96.00 105.50 97.00 107.00 0.7 90.50 100.00 90.50 101.00 93.50 103.00 96.00 104.75 96.50 106.25 0.8 89.50 99.00 90.50 100.00 93.50 102.00 95.00 104.00 96.50 105.50 0.9 89.50 98.00 90.50 99.00 90.50 101.00 93.50 103.00 96.00 104.75 1.0 87.50 97.00 89.50 98.00 90.50 100.00 93.50 102.00 95.00 104.00 1.1 86.50 96.00 89.50 97.00 90.50 99.00 90.50 101.00 95.00 103.00 1.2 86.50 96.00 87.50 96.00 89.50 98.00 90.50 100.00 93.50 102.00 1.4 83.00 96.00 86.50 96.00 87.50 96.00 89.50 98.00 90.50 100.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00-13.00 175# -3.25 2.25 205# 0.00 4.50 155# -30.00 -9.00 185# -1.50 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: 205.20 lb carcass, 0.70 inch back-fat, 7.42 square inch loin/2.47 inch loin depth, FFLI: 52.34% Price Range $96.00 - $104.75 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 87,947 Base Price Range $93.68 - $104.72, Weighted Average $100.58 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,315 Compared to Prior Day's closing weighted average (LM_HG204), 0.45 lower Price Range $70.50 - $77.00, Weighted Average $75.98 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 134,378 Minnesota 45,771 -------------------------------------------------------------------------------- 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 .