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Thursday, January 08, 2009
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Des Moines, IA Fri Jan 02,2009 USDA-Iowa Dept of Ag Market News
National Direct Delivered Feeder Pig Report: Week Ending Jan 02
Weekly Summary of prices on a delivered farm to farm basis.
*** No report was issued on Dec, 26. This report will cover
Trading for both weeks.***
RECEIPTS THIS WEEK: 145,800 LAST WEEK: 0
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Oklahoma 17.1%, Iowa 16.8%, Manitoba 12.2%,
Saskatchewan 8.1%, Arkansas 7.8%, Illinois 7.4%,
Colorado 6.8%, Kansas 6.3%, Nebraska 5.6%,
Wyoming 3.2%, Missouri 2.7%, Ontario 2.2%,
Minnesota 2.0%, Alberta 1.7%, South Dakota 0.2%,
VOLUME BY STATE OF DESTINATION:
Iowa 53.4%, Minnesota 23.6%, Nebraska 10.6%,
Illinois 7.9%, Arkansas 1.9%, Ohio 0.9%,
Kansas 0.8%, Michigan 0.5%, Missouri 0.3%,
TRENDS COMPARED TO LAST WEEK: Early weaned pigs and all feeder pigs
2.00 to 4.00 per head higher. Demand moderate for moderate
offerings. Receipts include 45% 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 330 34.08-39.00 $37.51
250-750 6909 33.30-50.00 $40.45
750 or more 95211 32.75-52.50 $42.70
Total Composite 102450 32.75-52.50 $42.53
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less 240 42.50-49.50 $46.08
250-750 2350 44.00-56.00 $51.68
750 or more 35960 50.75-66.06 $60.51
Total Composite 38550 42.50-66.06 $59.88
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less 150 51.50-51.50 $51.50
250-750 1000 51.50-55.50 $53.75
750 or more 3650 54.00-55.00 $54.34
Total Composite 4800 51.50-55.50 $54.13
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 63981 32.75-44.62 $39.44 38469 39.00-52.50 $47.67
40 Lb 2960 57.05-66.06 $60.31 35590 42.50-65.00 $59.84
50 Lb 4800 51.50-55.50 $54.13
**ANNUAL SUMMARY OF TOTALS FOR 2008**
10 Lb 2600910 11.60-51.19 $39.10 1491028 1.00-52.50 $25.93
40 Lb 262629 30.03-66.23 $57.74 1502276 7.50-65.00 $35.10
50 Lb 30245 44.61-65.64 $55.06 138254 9.00-60.00 $41.51
+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
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