U.S. Direct Feeder Pig Summary

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Des Moines, IA   Fri Jan 14,2011   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jan 14
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 136,238   LAST WEEK: 107,846     LAST YEAR: 153,189

VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 17.6%,       Iowa 14.7%,           Illinois 14.2%,
Indiana 8.0%,         Alberta 7.7%,         Nebraska 6.9%,
Oklahoma 5.4%,        Missouri 5.2%,        Minnesota 4.3%,
Colorado 3.9%,        Ontario 3.5%,         North Carolina 2.9%,
Saskatchewan 2.6%,    Kansas 1.5%,          North Dakota 0.8%,
Wisconsin 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 67.6%,           Minnesota 13.5%,      Indiana 7.7%,
Illinois 6.2%,        Missouri 1.9%,        Michigan 1.7%,
Nebraska 0.8%,        Ohio 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady.  All feeder
pigs 4.00 per head higher.  Demand moderate for moderate offerings.
Receipts include 42% 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              7152      31.00-58.80       $45.30
750 or more        105625      32.85-67.00       $51.68
Total Composite    112777      31.00-67.00       $51.27
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750              3170      68.00-79.00       $71.84
750 or more         20291      65.64-82.00       $75.61
Total Composite     23461      65.64-82.00       $75.10


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  52723  31.00-58.84  $42.84    60054  47.80-67.00  $58.68
40 Lb   5485  65.64-79.00  $75.00    17976  68.00-82.00  $75.13

+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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