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Des Moines, IA   Fri Jul 03,2009   USDA-Iowa Dept of Ag Market News

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

RECEIPTS THIS WEEK: 85,443    LAST WEEK: 105,933
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 22.7%,           Oklahoma 16.4%,       Indiana 13.3%,
Illinois 9.2%,        Colorado 6.8%,        Kansas 5.5%,
Saskatchewan 4.8%,    Arkansas 4.3%,        Manitoba 4.0%,
Ohio 3.7%,            Missouri 2.9%,        Wyoming 2.8%,
Minnesota 2.3%,       Nebraska 0.7%,        South Dakota 0.6%,

VOLUME BY STATE OF DESTINATION:
Iowa 53.1%,           Minnesota 14.5%,      Indiana 13.3%,
Illinois 9.4%,        Kansas 2.8%,          North Carolina 2.4%,
Arkansas 1.5%,        Pennsylvania 1.2%,    Ohio 1.0%,
Wisconsin 0.6%,       Nebraska 0.4%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady to firm.  Demand light to moderate for moderate offerings.
Receipts include 55% formulated prices.

LOT SIZE      NUMBER OF HEAD PRICE/HEAD   WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750             10633       9.00-37.00       $24.99
750 or more         50873       9.00-37.66       $29.01
Total Composite     61506       9.00-37.66       $28.31
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750              4112      15.00-35.00       $19.50
750 or more         17975      17.00-46.55       $22.01
Total Composite     22087      15.00-46.55       $21.54
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750               600      20.50-20.50       $20.50
750 or more          1250      40.00-40.00       $40.00
Total Composite      1850      20.50-40.00       $33.68


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  46612  25.59-37.66  $33.76    14894   9.00-15.00  $11.26
40 Lb   1000  46.55-46.55  $46.55    21087  15.00-35.00  $20.36
50 Lb                                 1850  20.50-40.00  $33.68

+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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