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                           DTN HOG CLOSE/TRENDS       07/23/14


DAILY DIRECT HOGS.
BASE MARKET HOG       RANGE          AVG      CHANGE
WESTERN CORNBELT    113.00-128.00  126.05      + .84
EASTERN CORNBELT    111.00-124.55  123.52      -1.24
IOWA/MINNESOTA      122.00-128.00  126.38      +1.15
NATIONAL            111.00-128.00  124.48      - .52
SPECS - .65-1.1" back-fat, 6 square inch loin 4 2.0 depth
NATIONAL DAILY BASE LEAN HOG CARCASS SLAUGHTER COST
DATE    HD COUNT  AVG WT   49-50%   51-52%   53-54%
07/23    80,348   214.87   126.64   128.59   130.46
PORK CUTS               CUTOUT/PRIMAL VALUES
  226.84 lds cuts       CARCASS    131.31      -1.29
   21.96 lds trim       LOIN       137.30      +1.00
                        BUTT       149.88      -2.52
  248.80 Total Lds      PIC        112.45      +2.21
                        RIB        167.76      -4.50
                        HAM        140.11      + .26
                        BELLY      137.73      -6.91
PORK TRIMMINGS:
                   42% Trim Combo   87.56
                   72% Trim Combo  151.92
FI KILL(WTD) THU 393(1558)  WK AGO 395(1558)  YR AGO 400(1596)
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
DORCHSTR, WI   Steady      94.00       260  Steady    80.00      90.00    30-40
PEORIA,IL P    Steady   88.00-90.00    150  1.00 Hr   79.00      86.00    20-58
ZUMBROTA,MN P  Steady      90.00       150  6-9 Hr    87.00      92.00    .
GARNAVILLO,IA  Steady      96.00        60  Steady    88.00      93.00    40-50
RED OAK, IA P  Summer Hours, Next Sale August 6th
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  126.05  .87 Hr 113.00-128.00 2,509(Prior Day)70.22-91.00 80.50-93.71
ECB* WA  123.52 1.27 Lr 111.00-124.55 4,097(Prior Day)79.94-94.00 NA Confident
IA/MN WA 126.38 1.18 Hr 122.00-128.00 2,356(Prior Day)70.22-91.00 86.11-93.71
NAT'L WA 124.48  .51 Lr 111.00-128.00 6,606(Prior Day)70.22-94.00 80.50-96.00
IL                                      Not Available .          .        .
MO    DIR       0-3 Lr  116.00-122.00   267 0-1 Lr    70-80      77-85    .
VOLUME: IL  - 22,075  / IN/OH -  22,655 / IA/MN -  65,823
NEG   : WCB* - 4,264  /  ECB* -  10,658 / IA/MN -   3,214 / NAT'L  14,922
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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