LM_HG202 Des Moines, Iowa Thu, May 23, 2013 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, May 23, 2013 (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 8,892 3,701 6,376 3,749 Other Market Formula 4,795 1,908 8,395 3,529 Swine or Pork Market Formula 101,605 24,691 29,769 23,178 Other Purchase Arrangement 48,273 19,203 19,725 18,754 Packer Sold (all purchase types) 8,758 1,053 1,552 1,925 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,590 Compared to Prior Day's closing weighted average (LM_HG200), 0.41 lower Base Price Range $81.00 - $91.50, Weighted Average $89.73 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- NATIONAL 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 84.00 99.62 85.50 100.79 86.50 103.22 87.50 105.02 88.00 106.82 0.5 81.00 98.00 84.00 99.17 86.50 101.60 87.00 103.40 88.00 105.20 0.6 81.00 96.37 84.00 97.55 85.50 99.98 86.50 101.78 87.50 103.58 0.7 81.00 94.75 81.00 95.92 84.00 98.36 86.50 100.16 87.00 101.96 0.8 80.00 93.13 81.00 94.30 84.00 96.74 85.50 98.54 87.00 100.34 0.9 80.00 91.51 81.00 92.68 81.00 95.11 84.00 96.92 86.50 98.72 1.0 78.00 89.89 80.00 91.25 81.00 93.49 84.00 95.29 85.50 97.10 1.1 77.00 88.27 80.00 89.61 81.00 91.87 81.00 93.67 85.50 95.47 1.2 77.00 86.69 78.00 88.15 80.00 89.61 81.00 91.25 84.00 92.77 1.4 73.50 81.30 77.00 85.32 78.00 86.78 80.00 88.24 81.00 91.25 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -9.01 175# -3.00 2.25 205# -7.21 4.50 155# -30.00 0.00 185# 0.00 4.00 215# -7.21 4.25 165# -15.00 0.00 195# -1.80 4.50 225# -7.21 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 197.74 lb carcass, 0.69 inch back-fat, 7.27 square inch loin/2.42 inch loin depth, FFLI: 52.46% Price Range $86.50 - $100.16 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 24,415 Base Price Range $88.09 - $99.44, Weighted Average $89.91 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 104 Compared to Prior Day's closing weighted average (LM_HG200), 2.99 lower Price Range $61.00 - $71.00, Weighted Average $68.23 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 16,580 Illinois 608 Indiana 2,785 Kentucky 1,260 Michigan 960 Minnesota 17,270 Missouri 172 North Carolina 91 Nebraska 1,860 New York 360 Ohio 4,430 Pennsylvania 1,070 South Dakota 385 Tennessee 990 Wisconsin 355 -------------------------------------------------------------------------------- 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 .