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                           DTN HOG CLOSE/TRENDS       11/26/14


DAILY DIRECT HOGS.
BASE MARKET HOG       RANGE         AVG      CHANGE
WESTERN CORNBELT    80.00-87.50         86.05    -$1.20
EASTERN CORNBELT    77.00-85.00         84.25    -$0.25
IOWA/MINNESOTA      80.00-87.50         86.68    -$0.60
NATIONAL            77.00-87.50         84.90    -$1.07
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%
11/25    97,604   215.11   $84.98   $86.87   $88.69
PORK CUTS               CUTOUT/PRIMAL VALUES
  378.38 lds cuts       CARCASS    92.79   +$0.61
   65.56 lds trim       LOIN       95.14   -$0.39
                        BUTT      109.89   -$2.13
  443.95 Total Lds      PIC        86.76   +$2.49
                        RIB       156.02   -$1.35
                        HAM        88.00   -$0.07
                        BELLY      92.86   +$4.04
PORK TRIMMINGS:
                  42% Trim Combo     26.90
                  72% Trim Combo     68.30
FI KILL(WTD) WED  431(1300)  WK AGO 426(1273) YR AGO 435(1297)
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
DORCHSTR, WI   3 LR      63.00        250   1-3 LR    63.00      70-76    26-32
PEORIA,IL P    STDY      62.00        100   *P        .          .        .
ZUMBROTA,MN P  STDY      58.00         .    *P        .          .        .
GARNAVILLO,IA  Closed for holiday      .    .         .          .        .
RED OAK, IA P  No Test     .           .    .         .          .        .
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  86.05 1.20 LR 80.00-87.50   1,700(Prior Day)58.44-79.00 72.56-81.00
ECB* WA  84.25 0.20 LR 77.00-85.00   3,505 (Prior Day)55.99-78.00 73.83-81.00
IA/MN WA 86.68 0.60 LR 80.00-87.50   1,265 (Prior Day)58.44-79.00 72.56-81.00
NAT'L WA 84.90 1.07    77.00-87.50   4,735 (Prior Day)55.99-79.00 72.41-81.02
IL                                     950  STDY   64.00-73.00 70.00-76.00 18-48
MO    DIR       STDY   77.00-79.00     450  STDY      55.00-67.00 63.00-74.00
VOLUME: IL  - 11,735  / IN/OH -  21,112 / IA/MN ?  50,480
NEG:   WCB* -  2,356  /  ECB* -   5,908 / IA/MN -   1,386 / NAT'L   8,264
WCB, ECB, IA/MN and Nat'l are all plant delivered. (WA=Weighted Average; 
                        RIB       156.02   -$1.35
                        HAM        88.00   -$0.07
                        BELLY      92.86   +$4.04
PORK TRIMMINGS:
                  42% Trim Combo     26.90
                  72% Trim Combo     68.30
FI KILL(WTD) WED  431(1300)  WK AGO 426(1273) YR AGO 435(1297)
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS
DORCHSTR, WI   3 LR      63.00        250   1-3 LR    63.00      70-76    26-32
PEORIA,IL P    STDY      62.00        100   *P        .          .        .
ZUMBROTA,MN P  STDY      58.00         .    *P        .          .        .
GARNAVILLO,IA  Closed for holiday      .    .         .          .        .
RED OAK, IA P  No Test     .           .    .         .          .        .
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  86.05 1.20 LR 80.00-87.50   1,700(Prior Day)58.44-79.00 72.56-81.00
ECB* WA  84.25 0.20 LR 77.00-85.00   3,505 (Prior Day)55.99-78.00 73.83-81.00
IA/MN WA 86.68 0.60 LR 80.00-87.50   1,265 (Prior Day)58.44-79.00 72.56-81.00
NAT'L WA 84.90 1.07    77.00-87.50   4,735 (Prior Day)55.99-79.00 72.41-81.02
IL                                     950  STDY   64.00-73.00 70.00-76.00 18-48
MO    DIR       STDY   77.00-79.00     450  STDY      55.00-67.00 63.00-74.00
VOLUME: IL  - 11,735  / IN/OH -  21,112 / IA/MN ?  50,480
NEG:   WCB* -  2,356  /  ECB* -   5,908 / IA/MN -   1,386 / NAT'L   8,264
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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