GX_LS255
Springfield, IL    Fri Dec 30, 2011    USDA-Illinois Dept Ag Market News

As of January 1, 2012, this report will no longer be available. All
information contained in this Eastern Cornbelt Direct Feeder Pig Weekly Summary 
(GX_LS255) is already, and will continue to be, included in the National Direct 
Delivered Feeder Pig Report (NW_LS255) released from Des Moines, Iowa.

Eastern Cornbelt Direct Feeder Pig Weekly Summary
(includes pigs priced on negotiated, contract and formula basis)

RECEIPTS THIS WEEK: 24,517  LAST WEEK: 23,415     LAST YEAR: 42,288


TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady to firm. Demand moderate for moderate offerings.  Receipts include
70% formulated prices.

   FOB Eastern Cornbelt - Illinois, Indiana, Ohio, Michigan
RECEIPTS THIS WEEK: 19,699   LAST WEEK: 19,306        LAST YEAR: 36,500


LOT SIZE     NUMBER OF HEAD   PRICE/HEAD WEIGHTED AVERAGE PRICE

EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750              1850      42.43-44.15     $43.26
750 or more         17049      35.50-64.00     $46.50
Total Composite     18899      35.50-64.00     $46.19

FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more           800      71.00-71.00     $71.00
Total Composite       800      71.00-71.00     $71.00


SUMMARY OF TOTAL COMPOSITE for FOB weighted average prices showing variations
of values between formula priced pigs and cash market pigs included in quotes
above.
               Formula                         Cash
Basis   Head    Range     $/Head      Head     Range     $/Head
10 Lb  13379  35.50-46.90  $40.64     5520  56.00-64.00  $59.63
40 Lb                                  800  71.00-71.00  $71.00

+FOB prices are quoted on a per head basis "picked up" at the sellers farm
 in Indiana, Illinois, Ohio, and Michigan; these prices do not include
freight.

               Delivered Eastern Cornbelt Basis
RECEIPTS THIS WEEK: 4,818    LAST WEEK: 4,109        LAST YEAR: 5,788
Volume by state or province of origin:
Oklahoma 42.9%,    North Carolina 35.3%,     Manitoba 21.8%,

LOT SIZE     NUMBER OF HEAD   PRICE/HEAD WEIGHTED AVERAGE PRICE

EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more          4818      32.53-58.00     $42.86
Total Composite      4818      32.53-58.00     $42.86
+Delivered Eastern Cornbelt 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 lot plus
 or minus .25-.40 cents 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 base slaughter weights with normal
confinement feeding conditions.
+Vaccination and health program values are not included but health status
should be disclosed.

Source: USDA Market News Service, Des Moines, IA
        Bruce Thomas  515-284-4460  Desm.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/GX_LS255.txt
        www.ams.usda.gov/LSMarketNews

1400C  BAT