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                           DTN HOG CLOSE/TRENDS       04/23/14


DAILY DIRECT HOGS.
BASE MARKET HOG       RANGE          AVG      CHANGE
WESTERN CORNBELT     105.00-124.00       115.77   +0.64
EASTERN CORNBELT     No prices, confidentiality 
IOWA/MINNESOTA       105.00-124.00       116.20   +0.47
NATIONAL             105.00-124.00       115.67   +0.65
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%
04/22   82,668    219.56   113.38  115.31   117.17
PORK CUTS               CUTOUT/PRIMAL VALUES
  429.01 lds cuts       CARCASS    117.41      +0.32
   31.36 lds trim       LOIN       125.36      +2.05
                        BUTT       143.07      +1.12
  460.37 Total Lds      PIC        105.21      +1.99
                        RIB        153.29      +1.84
                        HAM        98.09       +1.18
                        BELLY      147.03      -5.84
PORK TRIMMINGS:
                   42% Trim Combo   68.91
                   72% Trim Combo  128.09
FI KILL(WTD) TUE 418(1102)  WK AGO 412(1204)  YR AGO 418(1254)
             SAT    (    )  WK AGO    (    )  YR AGO    (    )
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS 
DORCHSTR, WI   2 LR      84.00        310   STDY      88.00      96.00    30-41
PEORIA,IL P    STDY      82.00        200   *P        .          .        .
ZUMBROTA,MN P  STDY      80.00        100   *P        .          .        .
GARNAVILLO,IA  4 LR      90.00        120   2 LR      90.00      98.00    30-45
RED OAK, IA P  2 LR      80.00        LT    *P        .          .        .
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  115.77 0.64 HR 105.00-124.00 4,584(Prior Day)83-104     85-108
ECB* WA  No prices confidentiality       62(Prior Day)83-103     98-104
IA/MN WA 116.20 0.47 HR 105.00-124.50 4,205(Prior Day)83-104     98-106
NAT'L WA 115.67 0.65 HR 105.00-124.00 4,646 Prior Day)83-104     85-108
IL                                    1,050 STDY-1 LR 79-92      87-96    20-68
MO    DIR      STDY     105.00-107.00  860  STDY      80-90      88-94  .
VOLUME: IL  - 12,250  / IN/OH -  19,456 / IA/MN ?  74,584
NEG   : WCB* - 5,514  /  ECB* -   2,946 / IA/MN -   2,884 / NAT'L   8,460



                           DTN HOG CLOSE/TRENDS       04/23/14


DAILY DIRECT HOGS.
BASE MARKET HOG       RANGE          AVG      CHANGE
WESTERN CORNBELT     105.00-124.00       115.77   +0.64
EASTERN CORNBELT     No prices, confidentiality 
IOWA/MINNESOTA       105.00-124.00       116.20   +0.47
NATIONAL             105.00-124.00       115.67   +0.65
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%
04/22   82,668    219.56   113.38  115.31   117.17
PORK CUTS               CUTOUT/PRIMAL VALUES
  429.01 lds cuts       CARCASS    117.41      +0.32
   31.36 lds trim       LOIN       125.36      +2.05
                        BUTT       143.07      +1.12
  460.37 Total Lds      PIC        105.21      +1.99
                        RIB        153.29      +1.84
                        HAM        98.09       +1.18
                        BELLY      147.03      -5.84
PORK TRIMMINGS:
                   42% Trim Combo   68.91
                   72% Trim Combo  128.09
FI KILL(WTD) TUE 418(1102)  WK AGO 412(1204)  YR AGO 418(1254)
             SAT    (    )  WK AGO    (    )  YR AGO    (    )
LOCATION       TREND     BAR/GILTS    HEAD  SOW TREND LT SOWS    HVY SOWS BOARS 
DORCHSTR, WI   2 LR      84.00        310   STDY      88.00      96.00    30-41
PEORIA,IL P    STDY      82.00        200   *P        .          .        .
ZUMBROTA,MN P  STDY      80.00        100   *P        .          .        .
GARNAVILLO,IA  4 LR      90.00        120   2 LR      90.00      98.00    30-45
RED OAK, IA P  2 LR      80.00        LT    *P        .          .        .
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  115.77 0.64 HR 105.00-124.00 4,584(Prior Day)83-104     85-108
ECB* WA  No prices confidentiality       62(Prior Day)83-103     98-104
IA/MN WA 116.20 0.47 HR 105.00-124.50 4,205(Prior Day)83-104     98-106
NAT'L WA 115.67 0.65 HR 105.00-124.00 4,646 Prior Day)83-104     85-108
IL                                    1,050 STDY-1 LR 79-92      87-96    20-68
MO    DIR      STDY     105.00-107.00  860  STDY      80-90      88-94  .
VOLUME: IL  - 12,250  / IN/OH -  19,456 / IA/MN ?  74,584
NEG   : WCB* - 5,514  /  ECB* -   2,946 / IA/MN -   2,884 / NAT'L   8,460
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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