Closing National Hog Market Review

DES MOINES - Jul 29/10 - SNS -- Closing U.S. national hog market conditions and values were released by the USDA this afternoon.

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, July 29, 2010 (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                             25,016     21,848     27,356     16,090
  Other Market Formula                   56,412     50,373     23,256      8,569
  Swine or Pork Market Formula          124,666     64,306     66,639     76,137
  Other Purchase Arrangement             31,241     24,567     23,723     23,650
Packer Sold (all purchase types)         21,134      6,343      6,120      3,357
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 17,201

Compared to prior day, base prices were 4.02 lower to 8.39 higher; mostly
2.25 to 6.75 higher with a few .75 higher.  Moderate to active market activity
with moderate to good demand.

Compared to Prior Day's closing weighted average (LM_HG200), 1.25 higher

Base Price Range $73.00 - $88.00, Weighted Average $83.65

Base Price is the price from which no discounts are
subtracted and no premiums are added.
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               NATIONAL 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         75.50 92.40   76.50 93.28   77.50 95.04   79.00 96.80   79.00 96.80
0.5         73.00 91.52   75.50 92.40   77.50 94.16   78.50 95.92   79.00 97.68
0.6         73.00 90.64   75.50 91.52   76.50 93.28   77.50 95.04   79.00 96.80
0.7         73.00 89.76   73.00 90.64   75.50 92.40   77.50 94.16   78.50 95.92
0.8         71.00 89.10   73.00 89.76   75.50 91.52   76.50 93.28   78.50 95.04
0.9         71.00 87.12   73.00 88.00   73.00 90.64   75.50 92.40   77.50 94.16
1.0         70.00 86.24   71.00 87.12   73.00 89.76   75.50 91.52   76.50 93.28
1.1         69.00 85.36   71.00 86.24   73.00 88.00   73.00 90.64   76.50 92.40
1.2         69.00 84.48   70.00 85.36   71.00 87.12   73.00 89.76   75.50 91.52
1.4         63.73 82.72   63.73 83.60   63.73 85.36   63.73 87.12   66.82 89.76
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -33.00 -1.60          175#   -4.40  0.00          205#   -6.40  0.00
    155#   -33.00  0.00          185#   -0.88  0.00          215#   -6.40  0.00
    165#   -12.38  0.00          195#   -1.60  0.00          225#   -6.40  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 198.09 lb carcass, 0.72 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 51.88%

Price Range $77.50 - $94.16
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 66,751

Base Price Range $74.16 - $87.09, Weighted Average $81.08
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 3,911

Compared to Prior Day's closing weighted average (LM_HG200), 0.30 lower

Price Range $57.50 - $65.40, Weighted Average $63.39
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Alabama                 152               Canada                   560
Colorado                330               Georgia                  134
Iowa                 56,987               Illinois              33,789
Indiana              13,300               Kansas                   537
Kentucky                831               Michigan               8,385
Minnesota            25,571               Missouri               1,798
Mississippi             315               North Carolina         1,227
Nebraska              7,155               New York                 180
Ohio                  9,443               Pennsylvania           2,221
South Carolina          414               South Dakota           2,993
Tennessee             1,148               Wisconsin                196
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Source:    USDA Market News Service, Des Moines, IA

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