LM_HG203 Des Moines, Iowa Wed, May 22, 2013 USDA Market News NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 22, 2013 (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 15,426 11,676 10,890 10,952 Other Market Formula 75,492 55,081 12,951 24,533 Swine or Pork Market Formula 135,902 72,613 73,669 66,813 Other Purchase Arrangement 61,123 44,215 37,765 35,944 Packer Sold (all purchase types) 10,683 2,073 7,038 2,571 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 4,911 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.70 lower to 1.50 higher, market trend not well established. Slow market activity and light demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.37 lower Base Price Range $82.00 - $94.50, Weighted Average $89.40 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 85.00 99.62 86.50 100.79 87.50 103.22 88.50 105.02 89.00 106.82 0.5 82.00 98.00 85.00 99.17 87.50 101.60 88.00 103.40 89.00 105.20 0.6 82.00 96.37 85.00 97.55 86.50 99.98 87.50 101.78 88.50 103.58 0.7 82.00 94.75 82.00 95.92 85.00 98.36 87.50 100.16 88.00 101.96 0.8 81.00 93.50 82.00 94.50 85.00 96.74 86.50 98.54 88.00 100.34 0.9 81.00 91.51 82.00 93.50 82.00 95.11 85.00 96.92 87.50 98.72 1.0 79.00 91.50 81.00 91.50 82.00 93.49 85.00 95.29 86.50 97.10 1.1 78.00 89.50 81.00 89.50 82.00 91.87 82.00 93.67 86.50 95.47 1.2 78.00 87.50 79.00 87.92 81.00 91.00 82.00 92.00 85.00 93.00 1.4 74.50 81.50 78.00 85.09 79.00 87.00 81.00 91.00 82.00 92.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -9.01 175# -4.00 2.25 205# -7.21 4.50 155# -30.00 0.00 185# -1.00 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: 198.69 lb carcass, 0.69 inch back-fat, 7.27 square inch loin/2.42 inch loin depth, FFLI: 52.45% Price Range $87.50 - $100.16 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 72,713 Base Price Range $87.50 - $99.44, Weighted Average $90.19 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 6,565 Compared to Prior Day's closing weighted average (LM_HG200), 0.82 higher Price Range $62.00 - $72.50, Weighted Average $71.30 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 180 Canada 621 Iowa 67,045 Illinois 31,779 Indiana 11,811 Kansas 885 Kentucky 542 Michigan 6,459 Minnesota 40,532 Missouri 629 Montana 178 North Carolina 688 Nebraska 4,051 New York 180 Ohio 14,449 Pennsylvania 1,610 South Carolina 176 South Dakota 916 Tennessee 1,645 Texas 880 Wisconsin 502 -------------------------------------------------------------------------------- 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 .