Des Moines, IA Fri Jan 21,2011 USDA-Iowa Dept of Ag Market News
National Direct Delivered Feeder Pig Report: Week Ending Jan 21
Weekly Summary of prices on a delivered farm to farm basis.
RECEIPTS THIS WEEK: 116,913 LAST WEEK: 136,238 LAST YEAR: 114,010
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 19.9%, Iowa 13.9%, Illinois 9.2%,
Nebraska 9.1%, Indiana 8.3%, Alberta 6.9%,
Colorado 4.9%, North Carolina 4.0%, Minnesota 3.9%,
Saskatchewan 3.8%, Missouri 3.7%, Kansas 3.0%,
Oklahoma 2.3%, Arkansas 2.1%, Ontario 2.0%,
South Dakota 2.0%, Ohio 0.9%,
VOLUME BY STATE OF DESTINATION:
Iowa 61.2%, Minnesota 17.3%, Illinois 10.2%,
Indiana 5.1%, Michigan 1.8%, Nebraska 1.6%,
Ohio 1.6%, Missouri 1.1%,
TRENDS COMPARED TO LAST WEEK: Early weaned pigs steady. All feeder
pigs 3.00 per head higher. Demand moderate for moderate offerings.
Receipts include 36% formulated prices.
LOT SIZE NUMBER OF HEAD PRICE/HEAD WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750 5569 37.79-58.50 $46.65
750 or more 90196 34.00-65.00 $53.18
Total Composite 95765 34.00-65.00 $52.80
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750 4520 56.00-79.00 $74.88
750 or more 16628 73.00-83.00 $78.74
Total Composite 21148 56.00-83.00 $77.91
SUMMARY OF TOTAL COMPOSITE weighted average prices showing variations of
values between formula pigs and cash pigs included in quotes above.
Basis Head Range $/Head Head Range $/Head
10 Lb 39300 34.00-52.67 $43.75 56465 52.00-65.00 $59.10
40 Lb 2800 73.86-79.33 $76.70 18348 56.00-83.00 $78.10
+Prices are quoted on a per head basis delivered to the buyers farm.
These prices include freight and fees on a farm to farm basis.
++Most lots of 40-60 weight pigs have a sliding value from the
negotiated weight basis which is calculated on the actual average
weight of the load plus or minus .25-.40 per pound. Some early weaned
lots have a slide of .50-1.00 per pound.
+Early weaned pigs are under 19 days old.
+Estimated lean value is projected to use slaughter weights with normal
confinement feeding conditions.
+Vaccination and health program values are not included but health status
should be disclosed.
Source: USDA-IA Dept of Ag Market News, Des Moines, Iowa
Bruce Thomas, Marketing Reporter (515) 284-4460
U.S. Direct Feeder Pig Summary
- Livestock Slaughter: Pork production drops 2%
- Cold Storage: Frozen pork supplies down 3%
- Ag markets closed mostly higher again Friday
- Hog Outlook: Farrow-to-finishers earned $107.25 per head in July
- Slaughter, hog weight adjustments raise second-half production
- WTO rules against U.S. in meat label fight