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                           DTN HOG CLOSE/TRENDS       01/23/15


DAILY DIRECT HOGS.
BASE MARKET HOG       RANGE         AVG      CHANGE
WESTERN CORNBELT   67.00-69.50     68.94     - .10
EASTERN CORNBELT   59.00-67.10     66.22     -1.72
IOWA/MINNESOTA     68.00-69.50     69.04     Unchg
NATIONAL           59.00-69.50     67.65     - .65
SPECS - .65-1.1" back-fat, 6 square inch loin 4 2.0 depth

**NOTE: THE USDA REVISED THE FOLLOWING REPORTS FOR THURSDAY, 
CORRECTIONS ARE AS FOLLOWS**
WESTERN CORNBELT   60.00-70.00     69.04     -1.01
NATIONAL           60.00-70.00     68.30     - .63

NATIONAL DAILY BASE LEAN HOG CARCASS SLAUGHTER COST
DATE    HD COUNT  AVG WT   49-50%   51-52%   53-54%
01/22   100,268   216.58   $69.98   $71.80   $73.52
PORK CUTS               CUTOUT/PRIMAL VALUES
  287.11 lds cuts       CARCASS    84.38     - .32
   35.75 lds trim       LOIN       90.78     -1.84
                        BUTT       93.83     - .41
  322.86 Total Lds      PIC        52.79     - .56
                        RIB       150.22     -1.46
                        HAM        73.53     +3.04
                        BELLY     107.36     -2.68
PORK TRIMMINGS:
                42% Trim Combo     32.46
                72% Trim Combo     65.99
FI KILL(WTD) FRI 424(2121)  WK AGO 420(2173)  YR AGO 422(2069)
             SAT 195(2316)  WK AG0  84(2257)  YR AGO 144(2214)
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
DORCHSTR, WI   No Market Today
PEORIA,IL P    1.00 Lr  42.00-44.00    100  Steady    39.00      44.00    20-26
ZUMBROTA,MN P  No Market on Friday's
GARNAVILLO,IA  No Market Today
RED OAK, IA P  Sale Every Wednesday
P = Private Source(not necessarily a terminal) * = Pre-opening Call; 
Carcass Basis 49-51% Carcass 185# 
DTN publishes private source hog prices as they are reported to us. DTN is
not responsible for the accuracy of these numbers.
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS 
WCB* WA  68.94  .16 Lr  67.00-69.50  3,047 (Prior Day)30.00-54.00 44.00-56.00
ECB* WA  66.22 1.72 Lr  59.00-67.10  2,720 (Prior Day)35.00-49.88 46.60-51.91
IA/MN WA 69.04  .06 Lr  68.00-69.50  2,820 (Prior Day)30.00-54.00 44.00-56.00
NAT'L WA 67.65  .70 Lr  59.00-69.50  5,797 (Prior Day)30.00-54.00 44.00-56.00
IL                                     525  Steady    36-43      41-48    17-34
MO    DIR      Steady   62.00-66.00    150  Steady    36-40      39-43    .
VOLUME: IL  - 13,398  / IN/OH -  25,532 / IA/MN -  93,374
NEG:   WCB* -  4,135  /  ECB* -   6,098 / IA/MN -   3,155 / NAT'L  10,310
WCB, ECB, IA/MN and Nat'l are all plant delivered. (WA=Weighted Average; 
NEG=Negotiated; WCB*=Western Cornbelt; ECB*=Eastern Cornbelt)


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