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MFA Incorporated 201 Ray Young Drive Columbia, MO 65201 573-874-5111

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                           DTN HOG CLOSE/TRENDS       01/26/22

DAILY DIRECT HOGS.

BASE MARKET HOG              AVG    CHANGE
EASTERN CORNBELT           $NA Confident
WESTERN CORNBELT           $75.37   -2.02
IOWA/MINNESOTA             $74.93   -2.72
                RANGE        AVG    CHANGE
NATIONAL    $61.00-82.00   $68.29   -3.84
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%
01/25    78,540    216.66   75.16     77.02     78.81
PORK CUTS                  CUTOUT/PRIMAL VALUES.
 283.10 lds cuts         CARCASS  $ 94.60   +2.14
  30.62 lds trim         LOIN     $ 96.94   -3.13
                         BUTT     $ 99.96   +3.15
 313.72 total lds        PIC      $ 59.82   +9.66
                         RIB      $142.57   -8.06
                         HAM      $ 72.90  +10.17
                         BELLY    $153.85   -1.73
PORK TRIMMINGS:
                42% Trim Combo    $ 58.34
                72% Trim Combo    $114.78
FI KILL(WTD) WED 475(1394) WK AGO 457(1320) YR AGO 493(1431)
             **** REVISION ** TUE 471( 919) ** REVISION ****
LOCATION       TREND    BAR/GILTS    HEAD  SOW TREND LT SOWS HVY SOWS BOARS
*DORCHSTR, WI  Steady     47.00       395  Steady    33-34   35-36    16.00
*GARNAVILLO,IA No Comp    47.00       135  Steady    33-34   35-36    16.00
*RED OAK, IA   Sales are on the 1st & 3rd Wed of each month
*WALKER SB, IA Sales are on the 1st & 3rd Wed of each month & reported on Thu 
+ILLINOIS SLAUGHTER SOWS & BOARS    1,145  1 Hr      31-40   35-42    10-20
***Dorchester & Garnavillo are now Premise ID Hogs Only***
* = Private Source(not necessarily a terminal); + = Closing report; 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       LT SOWS     HVY SOWS
ECB* WA  $NA Confident   / 26.00-54.50  42.00-55.50 (Prior Day)
WCB* WA  $75.37 No Comp  / 25.00-60.00  40.80-55.00 (Prior Day)
IA/MN WA $74.93 No Comp  / 25.00-60.00  40.88-55.00 (Prior Day)
NAT'L WA $68.29 5.48 Hr  / 22.00-60.00  39.82-59.00 (Prior Day)
NAT'L BAR/GILTS FULL RANGE  61.00-82.00 /  #HEAD  4,631   
   *TREND CHANGE IS THE DIFFERENCE FROM THIS AFTERNOON AND THIS MORING*
VOLUME BY STATE OF ORIGIN: IL  - 15,843 / IN/OH -  38,647 / IA/MN - 137,403
NEG VOLUME BY PURCHASE TYPE: ESTIMATED - NAT'L  5,343 / ACTUAL TODAY: 5,343
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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