U.S. Direct Feeder Pig Summary

NW_LS255
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.

               Formula                         Cash
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
         www.ams.usda.gov/LSMarketNews
1430c




.

1. Vilsack: Taking time to remember the fallen
2. Ag markets diverge just before the long holiday weekend
3. Commentary: New rules un-COOL
4. Oil edges up on book squaring, but posts big weekly drop
5. Hog Outlook: PEDV now in the U.S.
6. Traders evening up positions ahead of the weekend Friday

1. Corn and soybean prices continue to retrace 2012 drought rally
2. Special health claim for this pork
3. Business seminars scheduled for World Pork Expo
4. Commentary: In praise of animal foods
5. Swine virus confirmed in Iowa, Indiana hog herds
6. Pot Pigs: Marijuana and vodka fed to hogs

1. Commentary: New rules un-COOL
2. Commentary: GMOs: How do I hate thee?
3. Commentary: In praise of animal foods
4. Meat and climate change: How significant is the impact?
5. Meat industry associations quick to attack the new MCOOL rule
6. Seven jobs more dangerous than farming