LM_HG212 Des Moines, Iowa Wed, Mar 17, 2010 USDA Market News WESTERN CORNBELT 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 16,898 13,161 11,189 17,067 Other Market Formula 26,840 22,952 6,878 1,229 Swine or Pork Market Formula 96,663 51,875 54,848 61,135 Other Purchase Arrangement 15,029 12,202 24,072 4,855 Packer Sold (all purchase types) 16,560 3,689 3,735 2,324 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,797 Compared to Prior Day's closing weighted average (LM_HG208), 0.15 higher Base Price Range $62.00 - $70.50, Weighted Average $68.84 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- WESTERN 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 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: 203.06 lb carcass, 0.68 inch back-fat, 7.08 square inch loin/2.36 inch loin depth, FFLI: 52.46% Price Range $66.50 - $74.52 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 49,482 Base Price Range $66.73 - $74.53, Weighted Average $68.54 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,561 Compared to Prior Day's closing weighted average (LM_HG208), 1.48 higher Price Range $44.50 - $55.00, Weighted Average $52.86 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 65,327 Kansas 685 Minnesota 22,517 Missouri 2,050 Nebraska 8,124 South Dakota 4,705 -------------------------------------------------------------------------------- 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 .