USDA ECB Daily Direct Hogs (PM)                    09/03 15:31
LM_HG210
Des Moines, Iowa                Fri, Sep 03, 2010               USDA Market News

EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, September 3, 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                             11,412     10,466      8,235      7,759
  Other Market Formula                    8,961      3,302        900      3,569
  Swine or Pork Market Formula           48,846     27,045     23,687     30,061
  Other Purchase Arrangement             17,251     17,368     17,383     15,492
Packer Sold (all purchase types)            776        180        540      1,070
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,998

Compared to Prior Day's closing weighted average (LM_HG207), 0.02 lower

Base Price Range $70.50 - $83.50, Weighted Average $77.32

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 86.00   74.00 86.00   75.00 86.81   76.50 88.32   76.50 89.84
0.5         70.50 87.50   73.00 87.50   75.00 86.00   76.00 86.96   76.50 88.48
0.6         70.50 86.25   73.00 87.50   74.00 87.50   75.00 86.00   76.50 87.11
0.7         70.50 85.00   70.50 86.25   73.00 86.25   75.00 87.50   76.00 87.50
0.8         68.50 85.00   70.50 85.00   73.00 86.25   74.00 86.25   76.00 87.50
0.9         68.50 83.50   70.50 83.50   70.50 85.00   73.00 85.00   75.00 86.25
1.0         67.50 81.00   68.50 83.50   70.50 83.50   73.00 83.50   74.00 85.00
1.1         66.50 78.00   68.50 81.00   70.50 81.00   70.50 83.50   74.00 83.50
1.2         66.50 77.04   67.50 78.00   68.50 78.96   70.50 81.00   72.50 81.20
1.4         61.70 75.20   61.70 76.16   61.70 77.12   61.70 78.08   68.50 79.56
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.30 -1.52          175#   -3.90  0.00          205#   -6.06  0.00
    155#   -22.00  0.00          185#   -0.78  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 - $87.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 17,626

Base Price Range $74.87 - $86.38, Weighted Average $77.91
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-300 lbs): 801

Compared to Prior Day's closing weighted average (LM_HG207), 3.10 lower

Price Range $57.39 - $63.50, Weighted Average $60.99
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Illinois             13,384               Indiana               10,042
Kentucky              1,015               Michigan               4,684
Mississippi             320               North Carolina           839
New York                360               Ohio                   9,601
Pennsylvania          2,575               Tennessee                970
Wisconsin               269
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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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