U.S. Direct Feeder Pig Summary

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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
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