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.
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
U.S. Direct Feeder Pig Summary
- Lighter Side: Driver blames turtle, cat and squirrel for wreck
- Ag markets had a bad day Tuesday
- Higher production costs mean fewer new, young farmers
- New research shows promise in controlling feral hogs
- Ag markets remained weak Wednesday morning
- U.S. appeals court upholds federal meat labeling regulation
- Okla. Attorney General keeps pressure on HSUS
- Okla. Attorney General calls out HSUS on tornado donations
- Doane Market Watch: Hog shortage likely to persist
- Meeting to focus on food, farm and fuel
- Crop markets are starting the week on a generally firm note
- Tremendous response to Iowa’s new nutrient reduction program