NW_LS255
Des Moines, IA   Fri Jun 14,2013   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jun 14
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 101,246   LAST WEEK: 94,234      LAST YEAR: 122,122


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Nebraska 13.6%,       Illinois 13.4%,       Iowa 11.0%,
Oklahoma 7.3%,        Minnesota 7.2%,       Indiana 6.1%,
Colorado 5.7%,        South Dakota 5.4%,    Wyoming 4.9%,
Manitoba 4.4%,        Michigan 4.0%,        Saskatchewan 3.1%,
Kansas 2.9%,          Missouri 2.8%,        North Carolina 2.1%,
Ontario 2.0%,         Montana 1.3%,         Ohio 1.2%,
Wisconsin 1.1%,       Arkansas 0.6%,

VOLUME BY STATE OF DESTINATION:
Iowa 70.3%,           Minnesota 13.4%,      Indiana 4.9%,
Nebraska 4.7%,        Illinois 4.3%,        Michigan 1.8%,
New Hampshire 0.4%,   Ohio 0.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady to 1.00 per
head higher.  All feeder pigs steady to 2.00 per head higher.  Demand
moderate on moderate offerings.  Receipts include 45%  formulated
prices.

All Prices Quoted on Per Head Basis With An Estimated Lean Value of 50-54%
                       Formula   Formula            Cash     Cash
Lot Size        Head    Range    Wtd Avg    Head    Range  Wtd Avg

EARLY WEANED Pigs 10-12 Pounds Basis:
600 or less       300 41.00-41.00  41.00    1200 15.00-27.50 23.08
600 - 1200      15346 27.65-45.00  37.01    7005 23.00-31.50 27.38
1200 or more    30641 29.53-48.00  36.54   27250 24.00-31.00 28.49
Total Composite 46287 27.65-48.00  36.73   35455 15.00-31.50 28.08

FEEDER Pigs 40 Pounds Basis:
600 or less                                 2275 45.00-50.00 48.22
600 - 1200                                  6129 43.00-53.00 49.07
1200 or more                               11100 44.00-52.00 49.77
Total Composite                            19504 43.00-53.00 49.37

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     81742 at 32.98
          All 40 Pound Feeder Pigs:  19504 at 49.37


NOTE: 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 21 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 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/NW_LS255.txt
        www.ams.usda.gov/LPSMarketNewsPage

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