NW_LS255
Des Moines, IA   Fri Nov 28,2008   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Nov 28
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 153,303   LAST WEEK: 114,699
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 20.0%,       Iowa 13.2%,           Nebraska 8.9%,
Oklahoma 7.8%,        Indiana 6.6%,         Illinois 6.3%,
Ontario 5.8%,         Minnesota 5.3%,       Saskatchewan 5.1%,
Missouri 5.0%,        Arkansas 3.7%,        Colorado 3.4%,
Alberta 3.3%,         Kansas 2.2%,          Michigan 1.9%,
Wisconsin 1.0%,       Ohio 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 63.0%,           Nebraska 10.7%,       Minnesota 10.6%,
Indiana 7.8%,         Illinois 2.8%,        South Dakota 2.0%,
Ohio 1.2%,            Arkansas 0.8%,        Michigan 0.7%,
Kansas 0.4%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
2.00 to 4.00 per head higher.  Demand good for moderate offerings.
Receipts include 28% formulated prices.

LOT SIZE      NUMBER OF HEAD PRICE/HEAD   WEIGHTED AVERAGE PRICE
EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less      233      33.15-33.15       $33.15
250-750              4738      33.15-44.00       $38.21
750 or more         85106      32.75-51.50       $42.17
Total Composite     90077      32.75-51.50       $41.94
FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
250 head or less       50      35.00-35.00       $35.00
250-750              9301      39.00-55.00       $49.92
750 or more         52625      46.00-57.58       $52.50
Total Composite     61976      35.00-57.58       $52.10
FEEDER PIGS 50 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE
750 or more          1250      55.00-55.00       $55.00
Total Composite      1250      55.00-55.00       $55.00


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  42911  32.75-45.01  $39.78    47166  36.00-51.50  $43.90
40 Lb   1000  57.58-57.58  $57.58    60976  35.00-57.50  $52.01
50 Lb                                 1250  55.00-55.00  $55.00

+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
1430c




.