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Des Moines, IA   Fri Aug 15,2008   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Aug 15
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 127,230   LAST WEEK: 122,897
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 27.7%,       Iowa 15.7%,           Oklahoma 13.7%,
Missouri 9.9%,        Indiana 9.3%,         Illinois 6.5%,
Arkansas 4.3%,        Saskatchewan 3.8%,    Nebraska 2.2%,
Kansas 2.0%,          Minnesota 1.8%,       Wyoming 1.6%,
Ohio 1.1%,            Alberta 0.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 53.7%,           Minnesota 16.4%,      Nebraska 11.2%,
Indiana 10.7%,        Illinois 5.6%,        Ohio 1.2%,
Washington 0.5%,      Kansas 0.4%,          South Dakota 0.3%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
 1.00 to 2.00 per head higher.  Demand moderate for moderate
offerings.  Receipts include 40% 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      183      31.78-31.78       $31.78
250-750              7065      16.50-40.40       $30.03
750 or more         61942      15.00-46.17       $33.58
Total Composite     69190      15.00-46.17       $33.21
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      100      21.00-21.00       $21.00
250-750              5425      20.00-36.00       $27.67
750 or more         50585      23.00-64.85       $33.15
Total Composite     56110      20.00-64.85       $32.60
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      180      34.00-34.00       $34.00
250-750               500      57.67-57.67       $57.67
750 or more          1250      50.00-50.00       $50.00
Total Composite      1930      34.00-57.67       $50.49


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  44663  29.60-46.17  $40.27    24527  15.00-26.00  $20.36
40 Lb   5960  58.12-64.85  $61.01    50150  20.00-36.00  $29.22
50 Lb    500  57.67-57.67  $57.67     1430  34.00-50.00  $47.99

+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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