LM_HG212 Des Moines, Iowa Fri, Jan 16, 2009 USDA Market News *NEW NEGOTIATED CARCASS TRENDING INFORMATION ON NATIONAL REPORTS LM_HG200 AND LM_HG203* WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, January 16, 2009 (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 25,877 19,327 32,756 20,744 Other Market Formula 9,712 6,825 1,820 25,580 Swine or Pork Market Formula 144,091 78,629 91,329 59,674 Other Purchase Arrangement 39,420 5,465 37,447 47,030 Packer Sold (all purchase types) 18,301 2,555 3,764 6,316 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 17,929 Compared to Prior Day's closing weighted average (LM_HG208), 0.44 lower Base Price Range $40.25 - $60.81, Weighted Average $58.78 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 42.75 64.81 43.75 63.81 44.75 63.50 46.25 65.00 46.25 65.00 0.5 40.25 64.81 42.75 64.81 44.75 64.81 45.75 63.81 46.25 63.50 0.6 40.25 64.31 42.75 64.81 43.75 64.81 44.75 64.81 46.25 63.81 0.7 40.25 61.81 40.25 62.81 42.75 64.31 44.75 64.81 45.75 64.81 0.8 38.25 60.96 40.25 61.81 42.75 62.81 43.75 62.81 45.75 64.81 0.9 38.25 59.46 40.25 59.81 40.25 60.96 42.75 61.81 44.75 62.81 1.0 37.25 57.81 38.25 59.46 40.25 59.46 42.75 59.81 43.75 61.81 1.1 36.25 54.81 38.25 56.96 40.25 57.81 40.25 59.46 43.75 59.81 1.2 36.25 54.46 37.25 54.46 38.25 54.81 40.25 56.96 42.75 57.81 1.4 32.75 50.81 36.25 51.21 37.25 52.28 38.25 53.36 40.25 54.98 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -21.90 -9.52 175# -3.00 0.00 205# 0.00 0.00 155# -21.90 -4.28 185# -0.54 0.00 215# -0.67 0.00 165# -8.21 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 204.89 lb carcass, 0.71 inch back-fat, 6.96 square inch loin/2.32 inch loin depth, FFLI: 51.91% Price Range $44.75 - $64.81 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 76,760 Base Price Range $51.41 - $63.53, Weighted Average $53.99 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,550 Compared to Prior Day's closing weighted average (LM_HG208), 0.86 higher Price Range $37.75 - $47.00, Weighted Average $43.87 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 66,574 Kansas 895 Minnesota 25,838 Missouri 3,455 Nebraska 12,976 South Dakota 5,315 -------------------------------------------------------------------------------- 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 .