LM_HG210 Des Moines, Iowa Wed, May 22, 2013 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN 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 6,232 4,279 4,617 4,830 Other Market Formula 48,699 29,009 5,165 5,476 Swine or Pork Market Formula 43,340 20,715 19,547 26,863 Other Purchase Arrangement 15,923 14,718 15,357 15,501 Packer Sold (all purchase types) 330 0 280 530 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,718 Compared to Prior Day's closing weighted average (LM_HG207), 0.15 lower Base Price Range $88.00 - $94.50, Weighted Average $90.15 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 91.00 99.62 92.50 100.79 93.50 103.22 94.50 105.02 95.00 106.82 0.5 88.00 98.00 91.00 99.17 92.00 101.60 93.50 103.40 93.50 105.20 0.6 88.00 96.37 90.50 97.55 92.00 99.98 92.00 101.78 93.50 103.58 0.7 88.00 94.75 88.00 95.92 90.50 98.36 90.50 100.16 92.00 101.96 0.8 87.00 93.50 88.00 94.50 89.00 96.74 89.00 98.54 90.50 100.34 0.9 86.00 91.51 88.00 93.50 88.00 95.11 89.00 96.92 89.00 98.72 1.0 85.00 91.50 86.00 91.50 86.00 93.49 88.00 95.29 89.00 97.10 1.1 84.00 89.50 84.00 89.50 86.00 91.87 86.00 93.67 88.00 95.47 1.2 82.00 87.50 82.00 87.92 84.00 89.50 84.00 91.01 86.00 92.77 1.4 76.00 81.50 79.00 85.09 79.00 86.55 82.00 88.01 82.00 91.01 -------------------------------------------------------------------------------- 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: 191.91 lb carcass, 0.69 inch back-fat, 6.99 square inch loin/2.33 inch loin depth, FFLI: 52.32% Price Range $90.50 - $100.16 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 19,861 Base Price Range $88.30 - $99.44, Weighted Average $91.36 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 783 Compared to Prior Day's closing weighted average (LM_HG207), no comparison Price Range $63.48 - $72.50, Weighted Average $70.96 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 180 Illinois 31,779 Indiana 11,811 Kentucky 542 Michigan 6,459 North Carolina 688 New York 180 Ohio 14,449 Pennsylvania 1,610 South Carolina 176 Tennessee 1,645 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 .