USDA Nat'l Direct Feeder Pigs                      09/03 13:16
NW_LS255
Des Moines, IA   Fri Sep 03,2010   USDA-Iowa Dept of Ag Market News

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

RECEIPTS THIS WEEK: 104,676   LAST WEEK: 112,151     LAST YEAR: 85,513

VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 19.7%,           Indiana 18.9%,        Illinois 11.3%,
Nebraska 8.4%,        Oklahoma 8.1%,        Manitoba 7.5%,
North Carolina 5.7%,  Colorado 5.3%,        Alberta 4.8%,
Missouri 3.3%,        Ontario 2.7%,         Kansas 2.4%,
Minnesota 1.2%,       Ohio 0.9%,

VOLUME BY STATE OF DESTINATION:
Iowa 56.5%,           Illinois 13.3%,       Indiana 10.6%,
Minnesota 8.9%,       Ohio 3.7%,            Kansas 2.5%,
Michigan 2.4%,        Nebraska 1.4%,        Wisconsin 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady to 1.00 per head higher.  Demand moderate for moderate
offerings. Receipts include 53% 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              9204      34.50-43.07       $40.50
750 or more         77719      33.00-45.00       $40.41
Total Composite     86923      33.00-45.00       $40.42
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less       50      48.00-48.00       $48.00
250-750              2160      50.00-63.00       $54.65
750 or more         15543      50.00-61.47       $56.77
Total Composite     17753      48.00-63.00       $56.49


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  52653  33.00-43.07  $38.90    34270  38.50-45.00  $42.75
40 Lb   2800  57.24-61.47  $59.69    14953  48.00-63.00  $55.89

+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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