Springfield, IL - Fri May 09, 2008 - USDA-Illinois Dept Ag Market News
Eastern Cornbelt Direct Feeder Pig Weekly Summary: Week ending May 9
Weekly summary includes pigs priced on negotiated, contract and formula basis
RECEIPTS THIS WEEK: 39,847 LAST WEEK: 29,804 LAST YEAR: 34,859
TRENDS COMPARED TO LAST WEEK: Early weaned and feeder pigs sold
steady to 1.00 higher per head. Demand was light to moderate for
moderate offerings. Receipts included 55% formulated prices.
FOB Eastern Cornbelt - Illinois, Indiana, Ohio, Michigan
RECEIPTS THIS WEEK: 32,947 LAST WEEK: 23,454 LAST YEAR: 23,192
LOT SIZE NUMBER OF HEAD PRICE/HEAD WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750 4000 11.00-33.32 $24.99
750 or more 23535 10.00-41.50 $32.81
Total Composite 27535 10.00-41.50 $31.68
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less 118 29.00-29.00 $29.00
750 or more 5094 29.00-35.00 $33.12
Total Composite 5212 29.00-35.00 $33.03
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less 200 35.00-35.00 $35.00
Total Composite 200 35.00-35.00 $35.00
SUMMARY OF TOTAL COMPOSITE for FOB weighted average prices showing variations of
values between formula priced pigs and cash market pigs included in quotes above.
Formula Cash
Basis Head Range $/Head Head Range $/Head
10 Lb 19785 27.43-41.50 $38.36 7750 10.00-18.00 $14.63
40 Lb 5212 29.00-35.00 $33.03
50 Lb 200 35.00-35.00 $35.00
+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: 6,900 LAST WEEK: 6,350 LAST YEAR: 11,667
Volume by state or province of origin:
Ontario 71.0%, Iowa 29.0%.
LOT SIZE NUMBER OF HEAD PRICE/HEAD WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more 6250 15.00-43.50 $32.35
Total Composite 6250 15.00-43.50 $32.35
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250-750 650 33.00-33.00 $33.00
Total Composite 650 33.00-33.00 $33.00
+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
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