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Friday, July 25, 2008


 

NW_LS255 Des Moines, IA Fri Jul 18,2008 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Jul 18 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 130,458 LAST WEEK: 130,017 VOLUME BY STATE OR PROVINCE OF ORIGIN: Manitoba 30.3%, Iowa 17.6%, Oklahoma 8.7%, Indiana 6.7%, Nebraska 5.9%, Missouri 5.6%, Saskatchewan 4.8%, Arkansas 4.6%, Kansas 3.4%, Minnesota 2.8%, Ontario 2.0%, South Dakota 1.9%, Illinois 1.8%, Colorado 1.4%, Alberta 1.1%, Wyoming 1.0%, North Carolina 0.3%, Ohio 0.2%, VOLUME BY STATE OF DESTINATION: Iowa 54.3%, Minnesota 19.3%, Indiana 13.7%, Nebraska 8.5%, Illinois 2.6%, Wisconsin 0.8%, Pennsylvania 0.3%, Ohio 0.3%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs and all feeder pigs 2.00 to 3.00 per head higher. Demand moderate for moderate offerings. Receipts include 36% formulated receipts. 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 207 21.51-21.51 $21.51 250-750 3891 5.00-44.03 $25.57 750 or more 76475 1.00-46.69 $25.36 Total Composite 80573 1.00-46.69 $25.36 FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE 250-750 8305 10.00-22.00 $14.53 750 or more 37650 10.50-61.64 $20.26 Total Composite 45955 10.00-61.64 $19.22 FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE 250-750 800 23.00-27.00 $25.50 750 or more 3130 11.00-45.00 $24.58 Total Composite 3930 11.00-45.00 $24.77 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 44503 15.50-46.69 $38.70 36070 1.00-19.00 $8.89 40 Lb 3000 59.28-61.64 $60.07 42955 10.00-26.50 $16.37 50 Lb 3930 11.00-45.00 $24.77 +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 1430c .


Karam Mfg.