U.S. Direct Feeder Pig Summary

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Des Moines, IA   Fri Jan 07,2011   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jan 07
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 107,846   LAST WEEK: 152,610     LAST YEAR: 123,788

VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 18.9%,       Manitoba 17.7%,       Iowa 15.1%,
Indiana 13.7%,        Missouri 8.8%,        Oklahoma 6.5%,
Alberta 4.6%,         Kansas 3.4%,          Ontario 3.0%,
Nebraska 1.7%,        Minnesota 1.6%,       Colorado 1.6%,
North Carolina 1.3%,  Ohio 0.9%,            Arkansas 0.6%,
North Dakota 0.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 61.2%,           Indiana 11.8%,        Minnesota 10.3%,
Ohio 7.0%,            Illinois 6.3%,        Nebraska 1.5%,
Missouri 1.0%,        Wisconsin 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
2.00 to 4.00 per head higher.  Demand moderate for light to moderate
offerings.  Receipts include 35% formulated prices.

LOT SIZE      NUMBER OF HEAD PRICE/HEAD   WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      900      47.00-52.00       $47.83
250-750             10365      36.27-61.00       $48.20
750 or more         65821      32.77-65.00       $52.40
Total Composite     77086      32.77-65.00       $51.78
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      200      63.00-63.00       $63.00
250-750              7240      54.00-75.00       $67.49
750 or more         23320      62.00-82.00       $73.14
Total Composite     30760      54.00-82.00       $71.75


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  33950  32.77-56.75  $42.82    43136  47.00-65.00  $58.84
40 Lb   3800  71.54-81.00  $76.59    26960  54.00-82.00  $71.06

+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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