USDA ECB Daily Direct Hogs (AM)                    09/03 10:58
LM_HG209
Des Moines, Iowa                Fri, Sep 03, 2010               USDA Market News

EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, September 3, 2010 (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                             11,918      5,030      3,901      4,738
  Other Market Formula                    5,489        889        200      1,402
  Swine or Pork Market Formula           44,149      9,248      8,975      9,454
  Other Purchase Arrangement             19,485      5,706      6,493      4,760
Packer Sold (all purchase types)          1,512        180      1,062        890
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,904

Compared to Prior Day's closing weighted average (LM_HG207), 1.61 lower

Base Price Range $70.50 - $77.70, Weighted Average $75.73

Base Price is the price from which no discounts are
subtracted and no premiums are added.
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           EASTERN CORNBELT 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         73.00 83.78   74.00 84.76   75.00 86.81   76.50 88.32   76.50 89.84
0.5         70.50 82.42   73.00 83.40   75.00 85.45   76.00 86.96   76.50 88.48
0.6         70.50 81.05   73.00 82.04   74.00 84.08   75.00 85.60   76.50 87.11
0.7         70.50 79.69   70.50 80.67   73.00 82.72   75.00 84.23   76.00 85.75
0.8         68.50 79.20   70.50 79.31   73.00 81.36   74.00 82.87   76.00 84.39
0.9         68.50 77.70   70.50 77.95   70.50 79.99   73.00 81.51   75.00 83.02
1.0         67.50 75.60   68.50 77.70   70.50 78.63   73.00 80.14   74.00 81.66
1.1         66.50 74.24   68.50 75.22   70.50 77.27   70.50 78.78   74.00 80.30
1.2         66.50 71.96   67.50 72.95   68.50 74.99   70.50 76.51   72.50 78.02
1.4         61.70 68.00   61.70 71.50   61.70 72.50   61.70 73.50   68.50 75.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -22.00 -1.52          175#   -3.00  0.00          205#   -6.06  0.00
    155#   -22.00  0.00          185#    0.00  0.00          215#   -6.06  0.00
    165#    -6.00  0.00          195#   -1.52  0.00          225#   -6.06  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 188.48 lb carcass, 0.68 inch back-fat,
6.99 square inch loin/2.33 inch loin depth, FFLI: 52.51%

Price Range $75.00 - $84.23
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,482

Base Price Range $74.87 - $82.66, Weighted Average $77.30
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 192

Compared to Prior Day's closing weighted average (LM_HG207), 0.70 lower

Price Range $62.70 - $63.50, Weighted Average $63.39
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Illinois              1,521               Indiana                2,292
Kentucky                660               Michigan               2,914
North Carolina          120               New York                 180
Ohio                  6,548               Pennsylvania             885
Tennessee               641               Wisconsin                 10
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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
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