LM_HG202 Des Moines, Iowa Fri, Sep 19, 2008 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Friday, September 19, 2008 (As of 9:30 AM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 33,422 12,531 10,154 13,973 Other Market Formula 18,088 8,367 3,787 2,120 Swine or Pork Market Formula 132,854 41,340 43,125 44,276 Other Purchase Arrangement 61,324 12,312 10,507 9,055 Packer Sold (all purchase types) 22,828 3,440 5,740 4,166 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 12,192 Compared to Prior Day's closing weighted average (LM_HG200), 0.45 higher Base Price Range $58.00 - $71.50, Weighted Average $67.10 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- NATIONAL 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 60.50 74.50 61.50 74.50 62.50 74.50 64.00 74.50 64.00 74.50 0.5 58.00 75.50 60.50 75.50 62.50 74.50 63.50 74.50 64.00 74.50 0.6 58.00 74.25 60.50 75.50 61.50 75.50 62.50 74.50 64.00 74.50 0.7 58.00 73.00 58.00 74.25 60.50 74.25 62.50 75.50 63.50 75.50 0.8 56.00 73.00 58.00 73.00 60.50 74.25 61.50 74.25 63.50 75.50 0.9 56.00 71.50 58.00 71.50 58.00 73.00 60.50 73.00 62.50 74.25 1.0 55.00 69.00 56.00 71.50 58.00 71.50 60.50 71.50 61.50 73.00 1.1 54.00 66.50 56.00 69.00 58.00 69.00 58.00 71.50 61.50 71.50 1.2 54.00 66.50 55.00 66.50 56.00 66.50 58.00 69.00 60.50 69.00 1.4 50.50 61.50 53.95 61.50 53.95 62.50 53.95 63.35 53.95 66.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -26.00 -1.25 175# -3.20 0.00 205# -5.01 0.00 155# -26.00 0.00 185# -0.64 0.00 215# -5.01 0.00 165# -9.75 0.00 195# -1.25 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 194.47 lb carcass, 0.71 inch back-fat, 6.81 square inch loin/2.27 inch loin depth, FFLI: 51.86% Price Range $62.50 - $75.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 42,047 Base Price Range $63.86 - $72.53, Weighted Average $65.07 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): Compared to Prior Day's closing weighted average (LM_HG200), Prices not reported due to confidentiality. -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 302 Canada 180 Iowa 23,464 Illinois 3,193 Indiana 6,062 Kansas 367 Kentucky 1,353 Michigan 2,208 Minnesota 14,167 Missouri 373 Mississippi 1,815 North Carolina 594 Nebraska 5,266 New York 360 Ohio 11,750 Pennsylvania 3,408 South Dakota 834 Tennessee 495 Wisconsin 370 -------------------------------------------------------------------------------- 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 1100C .