NW_LS255 Des Moines, IA Fri May 17,2013 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending May 17 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 81,123 LAST WEEK: 103,264 LAST YEAR: 136,990 VOLUME BY STATE OR PROVINCE OF ORIGIN: Iowa 13.5%, Saskatchewan 10.5%, Michigan 10.5%, Illinois 10.3%, Colorado 9.9%, Manitoba 9.4%, Oklahoma 9.1%, Indiana 8.5%, Nebraska 3.6%, Minnesota 3.0%, North Carolina 2.8%, Kansas 1.9%, Montana 1.7%, Missouri 1.5%, Wisconsin 1.4%, Ohio 1.2%, Arkansas 0.7%, South Dakota 0.5%, VOLUME BY STATE OF DESTINATION: Iowa 57.0%, Minnesota 23.7%, Indiana 7.5%, Ohio 4.9%, Illinois 3.8%, Nebraska 3.1%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs 2.00 per head lower. All feeder pigs 3.00 per head lower. Demand light on moderate offerings. Receipts include 57% 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 2196 29.98-43.75 39.50 1400 16.00-27.00 23.14 600 - 1200 9982 29.24-42.88 33.53 4950 21.00-25.00 23.14 1200 or more 34232 29.20-48.00 36.94 17250 19.00-29.00 25.65 Total Composite 46410 29.20-48.00 36.33 23600 16.00-29.00 24.97 FEEDER Pigs 40 Pounds Basis: 600 or less 2613 40.00-56.00 49.59 1200 or more 8500 53.00-53.00 53.00 Total Composite 11113 40.00-56.00 52.20 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 70010 at 32.50 All 40 Pound Feeder Pigs: 11113 at 52.20 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 1400C BAT