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                           DTN HOG CLOSE/TRENDS       11/21/14


DAILY DIRECT HOGS.
BASE MARKET HOG       RANGE         AVG      CHANGE
WESTERN CORNBELT    75.00-88.00    86.29      + .54
EASTERN CORNBELT    83.78-84.99    84.09      + .05
IOWA/MINNESOTA      75.00-88.00    86.48      + .69
NATIONAL            75.00-88.00    85.11      + .57
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%
11/20    95,398   217.20   $84.68   $86.57   $88.39
PORK CUTS               CUTOUT/PRIMAL VALUES
  222.64 lds cuts       CARCASS    93.39   - .23
   39.19 lds trim       LOIN       93.55   -2.38
                        BUTT      110.38   - .33
  261.83 Total Lds      PIC        83.01   + .41
                        RIB       152.37   -2.31
                        HAM        91.48   +2.14
                        BELLY      97.41   +1.57
PORK TRIMMINGS:
                  42% Trim Combo     26.55
                  72% Trim Combo     68.66
FI KILL(WTD) FRI  418(2121)  WK AGO 416(2087) YR AGO 431(2180)
             SAT  111(2232)  WK AGO 132(2219) YR AGO 166(2346)
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
DORCHSTR, WI   Steady      66.00       200  Steady    66.00      76.00    22-33
PEORIA,IL P    2.00 Hr  60.00-62.00    100  0-1 Hr    66.00      73.00    20-35
ZUMBROTA,MN P  No Market on Friday's
GARNAVILLO,IA  Steady      66.00        60  Steady    66.00      76.00    22-33
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  86.29   .62 Hr 75.00-88.00  1,595 (Prior Day)57.00-79.65 66.88-83.94
ECB* WA  84.09   .05 Hr 83.78-84.99  2,075 (Prior Day)68.50-81.00 72.15-84.00
IA/MN WA 86.48   .69 Hr 75.00-88.00  1,435 (Prior Day)62.89-79.65 67.68-84.40
NAT'L WA 85.11   .57 Hr 75.00-88.00  5,070 (Prior Day)57.00-81.00 66.88-84.40
IL                                     650  Steady    62-73      67-75    18-48
MO    DIR       0-3  Hr 77.00-81.00    170  Steady    60-67      64-74    .
VOLUME: IL  - 33,901  / IN/OH -  24,429 / IA/MN -  91,653
NEG:   WCB* -  3,989  /  ECB* -   5,877 / IA/MN -   2,959 / NAT'L   9,866
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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