NW_LS255
Des Moines, IA   Fri Mar 17,2006   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Mar 17
Weekly Summary of prices on a delivered farm to farm basis.

***This report now includes the information previously available on
NW_LS852. That report, NW_LS852, has been discontinued.

RECEIPTS THIS WEEK: 83,546    LAST WEEK: 113,808
VOLUME BY STATE OR PROVINCE OF ORIGIN:
North Carolina 17.1%, Oklahoma 16.3%,       Iowa 13.1%,
Ontario 11.8%,        Manitoba 7.5%,        Indiana 6.6%,
Kansas 5.7%,          Missouri 5.0%,        Arkansas 4.2%,
Illinois 2.9%,        Nebraska 2.8%,        Mississippi 1.8%,
Minnesota 1.5%,       Quebec 1.2%,          South Dakota 0.8%,
Ohio 0.7%,            Saskatchewan 0.6%,    Tennessee 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 65.3%,           Minnesota 18.7%,      Indiana 6.1%,
Ohio 3.4%,            Illinois 2.3%,        Nebraska 1.6%,
Michigan 1.3%,        Missouri 1.3%,


TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady to 2.00 per head
lower. Feeder pigs steady. Demand moderate for early weaned pigs and good
 demand for feeder pigs. Supplies moderate. Receipts include 51%
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     2229      33.00-36.40       $33.74
250-750             12809      30.22-47.00       $36.59
750 or more         43062      27.96-48.50       $36.75
Total Composite     58100      27.96-48.50       $36.60
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      255      58.00-59.00       $58.61
250-750              6885      61.00-71.00       $68.03
750 or more         11629      57.20-71.00       $63.95
Total Composite     18769      57.20-71.00       $65.38
FEEDER PIGS 45 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more          4800      54.13-54.13       $54.13
Total Composite      4800      54.13-54.13       $54.13
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750               627      68.50-68.50       $68.50
750 or more          1250      74.00-74.00       $74.00
Total Composite      1877      68.50-74.00       $72.16


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  31119  27.96-39.51  $32.84    26981  33.00-48.50  $40.94
40 Lb   6700  57.20-63.00  $59.04    12069  59.00-71.00  $68.89
45 Lb   4800  54.13-54.13  $54.13
50 Lb                                 1877  68.50-74.00  $72.16

+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/mnreports/NW_LS255.txt

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