USDA Nat'l Direct Feeder Pigs                      11/20 13:24
NW_LS255
Des Moines, IA   Fri Nov 20,2009   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Nov 20
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 110,836   LAST WEEK: 102,837     LAST YEAR: 114,699

VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 16.4%,           North Carolina 15.3%, Illinois 12.9%,
Colorado 10.6%,       Manitoba 9.0%,        Indiana 8.3%,
Oklahoma 5.1%,        Missouri 4.4%,        Kansas 4.0%,
Minnesota 3.7%,       Arkansas 3.1%,        Nebraska 2.3%,
Alberta 2.3%,         Ohio 1.7%,            Ontario 1.0%,

VOLUME BY STATE OF DESTINATION:
Iowa 62.7%,           Minnesota 10.9%,      Illinois 10.4%,
Indiana 8.3%,         Ohio 2.6%,            Arkansas 2.2%,
Missouri 1.1%,        South Dakota 1.0%,    Nebraska 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and feeder pigs
steady to firm.  Demand moderate for moderate offerings.  Receipts
include 33% 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              4999      27.00-39.26       $32.84
750 or more         90637      25.00-41.00       $36.79
Total Composite     95636      25.00-41.00       $36.58
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750              2775      35.50-42.00       $39.92
750 or more         12425      40.00-54.73       $42.93
Total Composite     15200      35.50-54.73       $42.38


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  34763  27.70-39.57  $36.23    60873  25.00-41.00  $36.78
40 Lb   2000  51.86-54.73  $53.30    13200  35.50-43.00  $40.73

+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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