USDA E. Cornbelt Direct Feeder Pigs 07/29 16:31
GX_LS255
Springfield, IL Fri Jul 30, 2010 USDA-Illinois Dept Ag Market News
Eastern Cornbelt Direct Feeder Pig Weekly Summary: Week ending Jul 30
Summary includes pigs priced on negotiated, contract and formula basis.
RECEIPTS THIS WEEK: 22,311 LAST WEEK: 36,169 LAST YEAR: 32,326
TRENDS COMPARED TO LAST WEEK: Early weaned pigs traded steady.
Feeder pigs sold 2.00 to 3.00 lower on light test. Demand was light
to moderate for moderate offerings. Receipts included 74% formulated prices.
FOB Eastern Cornbelt - Illinois, Indiana, Ohio, Michigan
RECEIPTS THIS WEEK: 18,495 LAST WEEK: 29,399 LAST YEAR: 25,895
LOT SIZE NUMBER OF HEAD PRICE/HEAD WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750 1888 39.95-41.92 $41.08
750 or more 14507 35.10-42.00 $38.97
Total Composite 16395 35.10-42.00 $39.22
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more 2100 56.94-57.00 $56.97
Total Composite 2100 56.94-57.00 $56.97
SUMMARY OF TOTAL COMPOSITE for FOB weighted average prices showing variations
of values between formula priced and cash market pigs included in quotes above.
Formula Cash
Basis Head Range $/Head Head Range $/Head
10 Lb 12553 35.10-39.95 $38.45 3842 41.00-42.00 $41.71
40 Lb 1200 56.94-56.94 $56.94 900 57.00-57.00 $57.00
+FOB prices are quoted on a per head basis "picked up" at the sellers farm
in Indiana, Illinois, Ohio, and Michigan; these prices do not include freight.
Delivered Eastern Cornbelt Basis
RECEIPTS THIS WEEK: 3,816 LAST WEEK: 6,770 LAST YEAR: 6,431
Volume by state or province of origin: Oklahoma 73.8%, Ontario 26.2%.
LOT SIZE NUMBER OF HEAD PRICE/HEAD WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more 3816 38.15-46.00 $40.21
Total Composite 3816 38.15-46.00 $40.21
+Delivered Eastern Cornbelt 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 lot plus or minus
.25-.40 cents 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 base slaughter weights with normal
confinement feeding conditions.
+Vaccination and health program values are not included but health status
should be disclosed.
Source: USDA-Illinois Dept Ag Market News, Springfield, IL
Cordell Givens, Market Reporter 217-782-4925
www.ams.usda.gov/mnreports/gx_LS255.txt
1400c
.