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Des Moines, IA   Fri Sep 19,2008   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Sep 19
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 127,855   LAST WEEK: 118,048
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 18.9%,       Oklahoma 17.7%,       Iowa 12.3%,
Indiana 9.3%,         Illinois 9.1%,        Nebraska 8.1%,
Missouri 4.7%,        Colorado 4.6%,        Arkansas 4.5%,
Saskatchewan 2.8%,    Ohio 2.3%,            Alberta 2.3%,
Minnesota 1.7%,       Wisconsin 0.9%,       Kansas 0.8%,

VOLUME BY STATE OF DESTINATION:
Iowa 48.1%,           Minnesota 21.6%,      Nebraska 12.2%,
Indiana 12.0%,        Illinois 5.1%,        Michigan 1.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 1.00
to 2.00 lower.  Demand moderate for moderate offerings.  Receipts include
40% 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      350      36.00-36.76       $36.43
250-750              3881      15.00-38.58       $26.27
750 or more         68235      10.00-45.13       $31.12
Total Composite     72466      10.00-45.13       $30.88
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      180      30.00-36.00       $33.33
250-750              2365      26.00-36.50       $29.37
750 or more         50685      21.50-59.17       $35.42
Total Composite     53230      21.50-59.17       $35.14
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more          2159      35.00-48.00       $42.53
Total Composite      2159      35.00-48.00       $42.53


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  41196  32.75-45.13  $39.25    31270  10.00-26.00  $19.86
40 Lb  10760  47.68-59.17  $52.32    42470  21.50-39.50  $30.79
50 Lb                                 2159  35.00-48.00  $42.53

+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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