LM_HG207 Des Moines, Iowa Fri, May 24, 2013 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, May 23, 2013 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,174 5,200 5,438 Other Market Formula 15,080 20,610 24,946 Swine or Pork Market Formula 43,801 42,600 41,447 Other Purchase Arrangement 13,219 14,477 17,254 Packer Sold (all purchase types) 705 330 2,253 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 3,650 15,080 42,507 13,219 74,456 Base Price 90.74 84.74 92.16 93.06 90.75 Packer Sold Head Count 705 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,650 Compared to Prior Day's closing weighted average (LM_HG207), 0.59 higher Base Price Range $81.00 - $94.50, Weighted Average $90.74 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- EASTERN CORNBELT 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 93.50 81.00 94.50 84.00 96.74 85.50 98.54 87.00 100.34 0.9 80.00 92.00 81.00 93.50 81.00 95.11 84.00 96.92 86.50 98.72 1.0 78.00 91.50 80.00 92.00 81.00 93.49 84.00 95.29 85.50 97.10 1.1 77.00 89.50 80.00 90.34 81.00 92.00 81.00 93.67 85.50 95.47 1.2 77.00 87.50 78.00 88.87 80.00 90.34 81.00 92.00 84.00 93.29 1.4 73.50 81.97 77.00 86.02 78.00 87.49 80.00 88.96 81.00 92.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -9.01 175# -3.00 0.00 205# -7.21 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -7.21 0.00 165# -5.00 0.00 195# -1.80 0.00 225# -7.21 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 189.20 lb carcass, 0.67 inch back-fat, 6.96 square inch loin/2.32 inch loin depth, FFLI: 52.65% Price Range $86.50 - $100.16 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 43,047 Base Price Range $82.85 - $99.49, Weighted Average $92.12 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,477 Compared to Prior Day's closing weighted average (LM_HG207), 0.13 higher Price Range $67.40 - $72.50, Weighted Average $71.29 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 182 Georgia 4 Illinois 16,388 Indiana 15,125 Kentucky 1,845 Michigan 5,413 North Carolina 14,364 New York 358 Ohio 18,759 Pennsylvania 3,020 South Carolina 540 Tennessee 1,326 Wisconsin 655 -------------------------------------------------------------------------------- *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* 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 0800C .