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Des Moines, IA   Fri Nov 06,2009   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Nov 06
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 118,522   LAST WEEK: 87,184      LAST YEAR: 151,631

VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 23.7%,           Illinois 11.8%,       North Carolina 11.6%,
Manitoba 9.3%,        Indiana 8.8%,         Oklahoma 6.6%,
Nebraska 6.3%,        Ohio 3.5%,            Colorado 3.5%,
Missouri 3.4%,        Kansas 2.1%,          Alberta 2.0%,
Arkansas 1.9%,        Ontario 1.6%,         South Dakota 1.4%,
Minnesota 1.4%,       Saskatchewan 0.5%,    Montana 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 67.8%,           Minnesota 13.6%,      Illinois 6.8%,
Indiana 6.7%,         Kansas 1.7%,          Ohio 1.5%,
South Dakota 0.9%,    Arkansas 0.8%,        Nebraska 0.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
3.00 to 6.00 per head higher.  Demand moderate for moderate
offerings.  Receipts include 32% 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      199      29.00-29.00       $29.00
250-750              8527      25.00-41.68       $29.96
750 or more         78911      25.00-40.00       $35.36
Total Composite     87637      25.00-41.68       $34.82
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750              6390      31.00-38.50       $36.25
750 or more         24495      34.00-55.86       $38.87
Total Composite     30885      31.00-55.86       $38.33


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  36945  28.27-41.68  $35.79    50692  25.00-40.00  $34.12
40 Lb   1000  55.86-55.86  $55.86    29885  31.00-45.00  $37.74

+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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