Demand Index

Glenn Grimes
January 2009 - July 2009

(Compared to Same Period 2008) green line



                       Pork
                   -------------

Elasticity     -0.67          -0.75          -0.90
              -------------------------------------
Change         +3.7%          +4.0%          +4.5%


                    Choice Beef
                   -------------

Elasticity     -0.67          -0.75          -0.90
              -------------------------------------
Change         -1.7%          -1.5%          -1.2%


                     Live Hogs
                   -------------

Elasticity     -0.15          -0.20          -0.25
              -------------------------------------
Change         -2.6%          -2.7%          -2.8%


                  Live Fed Cattle
                  ---------------

Elasticity     -0.45          -0.50          +0.55
              -------------------------------------
Change         -7.6%          -8.1%          -8.5%


            Broilers or Young Chickens
            --------------------------

Elasticity     -0.67          -0.75          -0.90
              -------------------------------------
Change         -3.9%          -3.5%          -2.8%


                      Turkeys
                   -------------

Elasticity     -0.67          -0.75          -0.90
              -------------------------------------
Change         +3.3%          +4.5%          +6.5%


green line

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