LM_HG210 Des Moines, Iowa Fri, Mar 12, 2010 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, March 12, 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 20,229 18,781 8,611 13,673 Other Market Formula 6,056 4,544 14,529 5,001 Swine or Pork Market Formula 42,697 17,720 14,127 24,660 Other Purchase Arrangement 22,250 20,095 22,481 14,530 Packer Sold (all purchase types) 1,953 540 360 1,198 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,545 Compared to Prior Day's closing weighted average (LM_HG207), 1.04 higher Base Price Range $68.90 - $72.00, Weighted Average $70.74 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 72.00 76.20 72.77 77.10 71.77 78.96 71.77 80.34 71.77 81.72 0.5 70.50 76.00 72.00 76.00 72.00 77.72 72.77 79.10 71.77 80.48 0.6 70.50 74.75 70.50 76.00 72.00 76.48 72.00 77.86 72.77 79.24 0.7 69.00 73.50 69.00 74.75 70.50 75.24 70.50 76.62 72.00 77.99 0.8 68.00 73.50 69.00 73.50 69.00 74.75 69.00 75.38 70.50 76.75 0.9 66.00 72.00 68.00 72.22 68.00 73.50 69.00 74.14 69.00 75.51 1.0 66.00 70.50 66.00 72.00 66.00 72.22 68.00 73.07 69.00 74.27 1.1 62.77 69.71 64.00 70.57 66.00 71.43 66.00 72.29 68.00 73.43 1.2 62.00 68.85 62.00 69.71 62.77 70.57 64.00 71.43 66.00 72.57 1.4 54.27 67.21 54.27 68.07 54.27 68.93 54.27 69.78 62.00 70.93 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -22.00 -1.38 175# -3.00 0.00 205# -5.51 0.00 155# -22.00 0.00 185# 0.00 0.00 215# -5.51 0.00 165# -6.00 0.00 195# -1.38 0.00 225# -5.51 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 191.57 lb carcass, 0.68 inch back-fat, 6.99 square inch loin/2.33 inch loin depth, FFLI: 52.49% Price Range $70.50 - $76.62 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 26,767 Base Price Range $67.15 - $75.68, Weighted Average $70.87 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,329 Compared to Prior Day's closing weighted average (LM_HG207), 0.53 lower Price Range $52.31 - $55.88, Weighted Average $54.24 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 175 Illinois 13,154 Indiana 21,450 Kentucky 1,604 Michigan 6,944 Mississippi 477 North Carolina 710 New York 360 Ohio 11,782 Pennsylvania 2,730 South Carolina 370 Tennessee 1,406 Wisconsin 510 -------------------------------------------------------------------------------- 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 .