NW_LS255
Des Moines, IA   Fri May 24,2013   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending May 24
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 121,246   LAST WEEK: 81,123      LAST YEAR: 109,268


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 20.0%,       Colorado 14.7%,       Nebraska 13.1%,
Manitoba 8.0%,        Iowa 7.8%,            Oklahoma 6.2%,
Minnesota 5.4%,       Saskatchewan 4.9%,    Ohio 4.4%,
Indiana 4.1%,         Missouri 3.0%,        Alberta 2.1%,
North Carolina 1.8%,  South Dakota 1.8%,    Kansas 1.6%,
Montana 1.0%,         Wisconsin 0.0%,

VOLUME BY STATE OF DESTINATION:
Iowa 66.8%,           Minnesota 11.7%,      Indiana 5.8%,
Nebraska 4.2%,        Ohio 3.5%,            Illinois 2.6%,
Tennessee 2.5%,       Michigan 2.0%,        Wisconsin 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady.  Demand moderate on moderate offerings.  Receipts include 46%
formulated prices.

All Prices Quoted on Per Head Basis With An Estimated Lean Value of 50-54%
                       Formula   Formula            Cash     Cash
Lot Size        Head    Range    Wtd Avg    Head    Range  Wtd Avg

EARLY WEANED Pigs 10-12 Pounds Basis:
600 or less      1860 35.29-41.80  39.08     550 22.00-22.00 22.00
600 - 1200      14105 28.98-43.50  34.70    6825 19.00-26.00 23.44
1200 or more    40466 28.77-48.00  36.92   48500 19.00-29.00 25.45
Total Composite 56431 28.77-48.00  36.44   55875 19.00-29.00 25.17

FEEDER Pigs 40 Pounds Basis:
600 or less                                  940 47.00-55.00 51.01
1200 or more                                8000 43.00-54.00 51.20
Total Composite                             8940 43.00-55.00 51.18

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     112306 at 30.83
          All 40 Pound Feeder Pigs:  8940 at 51.18


NOTE: 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 21 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 Market News Service, Des Moines, IA
        Bruce Thomas  515-284-4460  Desm.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS255.txt
        www.ams.usda.gov/LPSMarketNewsPage

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