NW_LS255
Des Moines, IA   Fri Feb 03,2012   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Feb 03
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 102,737   LAST WEEK: 121,528     LAST YEAR: 110,891


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 23.6%,       Iowa 15.4%,           Colorado 12.7%,
Oklahoma 10.7%,       Indiana 8.5%,         Missouri 6.1%,
Illinois 6.0%,        Nebraska 5.2%,        North Carolina 2.9%,
Saskatchewan 2.4%,    Pennsylvania 1.4%,    Montana 1.3%,
Minnesota 1.2%,       Alberta 0.7%,         Arkansas 0.6%,
Ontario 0.6%,         South Dakota 0.6%,

VOLUME BY STATE OF DESTINATION:
Iowa 64.2%,           Minnesota 15.5%,      South Dakota 6.5%,
Indiana 6.2%,         Illinois 5.1%,        Nebraska 1.0%,
Ohio 0.9%,            Missouri 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady. Feeder pigs
3.00 to 4.00 per head higher. Early weaned pig demand moderate for
moderate offerings.  Feeder pig demand good for light offerings.
Receipts include 38% 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                                     920  55.75-59.00   57.52
600 - 1200        4372  36.00-53.80   45.18    3210  56.00-64.00   61.55  
1200 or more     33882  33.40-53.63   42.15   46275  57.00-68.50   61.46
Total Composite  38254  33.40-53.80   42.50   50405  55.75-68.50   61.39
                                              

FEEDER Pigs 40 Pounds Basis:
600 or less                                     875  62.00-72.00   68.69
600 - 1200        1053  70.53-70.53   70.53    6500  74.50-85.00   80.86 
1200 or more                                   5650  75.00-88.00   84.77
Total Composite   1053  70.53-70.53   70.53   13025  62.00-88.00   81.74
                                              

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     88659 at 53.24
          All 40 Pound Feeder Pigs:  14078 at 80.90


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/LSMarketNews

1400C  BAT