GX_LS255
Springfield, IL    Fri Nov 20, 2009    USDA-Illinois Dept Ag Market News

Eastern Cornbelt Direct Feeder Pig Weekly Summary: Week ending Nov 20
Summary includes pigs priced on negotiated, contract and formula basis.

RECEIPTS THIS WEEK: 28,410     LAST WEEK: 22,237     LAST YEAR: 25,815

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs traded steady to 1.00
higher.  No price comparison for feeder pigs.  Demand was moderate for
moderate offerings.  Receipts included 60 percent fomulated prices.

   FOB Eastern Cornbelt - Illinois, Indiana, Ohio, Michigan
RECEIPTS THIS WEEK: 25,366     LAST WEEK: 17,987     LAST YEAR: 22,465

LOT SIZE     NUMBER OF HEAD   PRICE/HEAD WEIGHTED AVERAGE PRICE

EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750              3839      27.20-38.03     $32.24
750 or more         20352      28.34-38.46     $35.98
Total Composite     24191      27.20-38.46     $35.38

FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more          1175      40.00-40.00     $40.00
Total Composite      1175      40.00-40.00     $40.00

SUMMARY OF TOTAL COMPOSITE for FOB weighted average prices showing variations
of values between formula priced and cash market pigs included in quotes above.
               Formula                         Cash
Basis   Head    Range     $/Head      Head     Range     $/Head
10 Lb  14086  27.20-38.46  $34.98    10105  31.00-37.50  $35.95
40 Lb                                 1175  40.00-40.00  $40.00

+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: 3,044     LAST WEEK: 4,250     LAST YEAR: 3,350
Volume by state or province of origin: Oklahoma 100.0%.

LOT SIZE     NUMBER OF HEAD   PRICE/HEAD WEIGHTED AVERAGE PRICE

EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more          3044      39.22-39.22     $39.22
Total Composite      3044      39.22-39.22     $39.22

+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-Illinois Dept Ag Market News, Springfield, IL
        Cordell Givens, Market Reporter 217-782-4925
        www.ams.usda.gov/mnreports/gx_LS255.txt

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