Eastern Combelt Direct
Feeder Pig Weekly
Springfield, 111.
June 13,2003
Report Supplied By GSDA
Eastern Com Belt Direct Feeder Pig
Weekly Summary (includes pig prices on
negotiated, contract and formula basis)
FEEDER PIGS: Total receipts this week
19,292, negotiated 10,225; last week
16,103. SEW 10 lb pigs sold steady to 1.00
higher. No test on 40 pound pigs, how
ever, 50 pound feeders were 1.00 to 3.00
higher compared to last week. Trading
activity was light for moderate offerings.
FOB EASTERN CORNBELT - Illinois,
Indiana, Ohio, Michigan. Receipts;
12,337; last week 11,053.
EARLY WEANED PIGS: 10 LB
BASIS, estimated 50-54% lean value; Lot
size under 250: 220 head, 29.50; lot size
250-750: 27.18-33.00, wtd. avg. 29.90; lot
size 750 or more: 5,850 head, 26.50-30.00,
wtd. avg. 28.66. Total Composite: 7,717
head, 26.50-33.00, wtd. avg. price 28.95.
PIGS, 50 LB BASIS, estimated 50-54%
lean value: Lot size 250-750: 2,570 head,
40.50-49.00, wtd. avg. 46.22; lot size 750
or more: 2,050 head, 40.00-51.00, wtd.
avg. 45.63. Total Composite: 4,620 head,
40.00-51.00, wtd. avg. 45.96.
NOTE: FOB prices quoted on per head
basis “picked up” at sellers farm; prices
do not include freight.
DELIVERED EASTERN CORN
BELT BASIS: Receipts: 6,955; last week
5,050. Volume by state or province of ori
gin: North Carolina 41%; Oklahoma 30%;
Saskatchewan 22%; Manitoba 7%.
EARLY WEANED PIGS: 10 LB
BASIS, estimated 50-54% lean value: Lot
size 750 or more: 1,850 head, 30.00.
PIGS, 40 LB BASIS, estimated 50- 54%
lean value: Lot size 250-750: 1,675 head,
38.00- wtd. avg. 41.97; lot size 750
or more: 3,430 head, 39.00-48.25, wtd.
avg. 44.93. Total Composite: 5,105 head,
38.00- wtd. avg. 43.96.
Delivered Eastern Combelt prices in
clude freight.
Most lots of 40-60 weight pigs have a
sliding value from the negotiated weight
basis which is calculated on the actual av
erage weight of the lot plus or minus
.3S-.40 cents per pound. Some lots of
early weaned pigs are discounted
1.00- per head on pigs weighing
under 10 pounds. Early weaned pigs are
under 19 days old.
Estimated lean value is projected to
base slaughter weights with normal con
finement feeding conditions.
Vaccination and health program values
are not included but health status should
be disclosed.
Com Belt Feedstuff
St. Joseph, Mo.
June 17,2003
Report Supplied By USDA
CORN BELT FEEDSTUFF; Feedstuff
prices were mixed this past week across
the Com Belt and upper Midwest regions.
Demand was steady as ingredient sup
plies remained available. Hot tempera
tures and moisture across the Midwest
last week have new crops green and grow
ing tall. Some cooler temperatures contin
ued in parts of the North, slowing growth
in some crops. Good export demand last
week offered support.
SOYBAN MEAL: 48 percent rail was
6.50-7.50 lower from 187.00-190.00. 48
percent truck was 6.50-8.50 lower from
188.00-198.00 per ton.
CORN BY-PRODUCTS: Gluten Feed
21 percent, Interior Points was steady to
1.00 higher from 60.00-66.00; Chicago
was steady from 62.00-68.00. 60 percent
Gluten Meal, Interior Points was 5.00
higher from 230.00-235.00; Chicago 5.00
higher to 5.00 lower from 230.00-235.00
per ton. Rail Hominy Feed, Central Illi
nois Points was steady to 2.00 higher from
68.00- truck steady to 2.00 higher
from 70.00-82.00. Crude Com Oil was
steady to .50 higher from 29.50-31.00
cents per pound.
MILLFEEDS; Northwest were steady
from 52.00-60.00; Buffalo 6.00 to 8.00
lower from 48.00-53.00 per ton.
ALFALFA PELLETS; Toledo, Ohio 17
percent dehydrated was steady to 6.00
lower from 148.00-165.00; meal .50 to 6.00
lower from 151.00-168.50. IS percent pel
lets were steady to 5.00 lower from
145.50-159.00 per ton; meal was steady to
5.00 lower from 149.00-162.50.
DISTILLER’S DRIED GRAINS: Cen
tral Illinois were steady from 80.00-87.00;
Chicago steady to 2.00 lower from
82.00- Lawrenceburg, 11., steady at
81.00; Kansas was 5.00 higher at 90.00;
Nebraska steady to 2.00 higher at 80.00-
82.00; Minnesota was steady at 85.00 per
ton.
BREWER’S DRIED GRAINS: New
ark, NJ was steady at 94.00; Williams
burg, VA was steady at 84.00 per ton.
East Fluid Milk
And Cream Review
Madison, Wis.
June 18,2003
Report Supplied by USDA
Spot prices of class II cream, dollars
per lb. butterfat; F. 0.8. producing plants:
Northeast: 1.4408-1.5738. Delivered
Equivalent: Atlanta: 1.4630-1.5960 mostly
1.4851-1.5516.
PRICES OF CONDENSED SKIM,
dollars per lb. wet solids, F. 0.8. produc
ing plants: Northeast; Class 11, includes
monthly formula prices: .BSOO-.9300;
Class 111 - spot prices - .7400-.8200.
SPOT SHIPMENTS OF GRADE A
MILK: FLORIDA: This Week: In 0, Out
131; Last Week: In 0, Out 153; Last Year:
In 0, Out 32. SOUTHEAST STATES:
This week: In 0, Out 0; last week: In 0,
Out 0; last year In 0, Out 0.
EDITOR’S NOTE: Due to recent
changes in milk supply agreements, milk
import/export totals are not directly com
parable to year ago figures and to ship
ments prior to April 1,2003.
Regional Milk Market Administrators
announced the following, May 2003 un
iform prices: Northeast $11.60, Mideast
$10.63, Southeast $11.99, Florida $13.10,
and Western New York (a state order)
$11.22 at the base city or county in the or
ders. (For the Northeast, Mideast, and
Western New York orders, statistical un
iform prices are reported.) Daring May,
milk production in the 20 major states to
taled 12.99 billion pounds, down 0.4%
from May 2002. The following are the
May-to-May changes for selected states:
Texas 5 .8%, New York -1.8%, Pennsylva
nia -3.0%, Vermont -3.7%, Florida -5.9%,
Virginia -7.0%, and Kentucky - 9.3%. For
the above-mentioned states, the combined
milk cow numbers are down 12,000 head
from last May. Milk cows in the twenty
major states total 7,786,000 head, up
17,000 from a year earlier.
Milk production is easing lower in most
sections of the region. Declines are more
noticeable in the Deep South where tem
peratures are increasing and taking its
toll on the cows. It continues to rain in the
Middle Atlantic and New England areas.
This is hampering first cutting alfalfa
harvests and feeding of green chop. Con
tacts continue to report a real drop in the
levels of butterfat and protein in the milk.
Fluid milk supplies are lighter in most of
the East, but a few northern states still
have schools in session this week and
manufacturing plant receipts may
“bounce” a little next week when all
schools will be done for the year. Some
bottlers do comment that there will be
some summer school programs that take
milk, but volumes are not very large.
Commercial sales of bottled milk are fair
ly steady, but some wide spread features
in the Southeast are keeping bottlers rela
tively busy. Manufacturing plants are less
active. Some seasonal balancing plants in
the Southeast are either down or operat
ing just on weekends. In the Northeast,
surplus milk volumes are easing and
plant operating schedules are lighter.
The condensed skim market is little
changed. Prices and spot demand are
LIVESTOCK FUTURES MARKET
Chicago Mercantile Exchange
Wednesday, June 18,2003
Live Hogs Frozen
Choice Steers Choice Feeders Lean Value Pork Bellies
Today WkAgo Today WkAgo Today WkAgo Today WkAgo
Jno3 72.325 74.125 66.075 -
JlO3 69.400 70.000 67.375 66.250 93.950 89 500
Auo3 67.600 68.250 84.250 84.050 67.600 66.575 91.400 87 475
SO3 68.350 68.600 84.775 84.550 - -
003 68.650 69.100 84.950 84.550 58.050 57.500
NO3 85.000 84.775 -
DO3 71.950 72.475 55.000 54.350
JO4 83.125 83.125 - - 80.250 77.000
FO4 73.750 73.825 57.875 57.300
Mro4 - 82.425 82.800 - 79.750 77.100
Apo4 74.325 74.700 82.500 82.900 58.850 58.200
My 04 60.975 60.700
Jno4 68.675 68.700 62.900 62.700 -
steady. Occasionally, contacts report a
few additional loads moving, but most
sales are contractual.
The fluid cream market remains firm.
Local cream supplies are tight and more
Western (California) cream is being
shipped across the country to supplement
local supplies. Prices are higher as both
the multiples and the CME average in
creased. Delivered price multiples are get
ting into the mid-to-high 140’s, with f.o.b.
prices generally in the mid 130’s to low
140’s. Demand has held up surprisingly
well during the past few weeks. Buyers
are having a difficult time finding desired
volumes from regular sources. Contacts
also report that the internet-based mar
keting program has few, if any offers to
sell being posted. Ice cream and ice cream
mix production is starting to pick up, but
the weather along the shore is doing little
to boost consumption of soft serve or hard
ice cream. Cream cheese production is
about steady. Even with cream prices
jumping relatively quickly, cream cheese
makers are calling suppliers, looking for
cream. Bottled cream sales are improving
seasonally. Churning is lighter as some
butter makers sell their cream.
Dairy Products
Prices Highlights
Washington, D. C.
June 13,2003
Report Supplied By NASS/USDA
DAIRY PRODUCTS PRICES HIGH
LIGHTS:
CHEDDAR CHEESE prices received
for US 40 pound Blocks averaged $1.13
per pound for the week ending June 7.
The price per pound decreased 0.8 cents
from the previous week. The price for US
500 pound Barrels adjusted to 38 percent
moisture averaged $l.ll per pound, down
1.0 cent from the previous week.
BUTTER prices received for 25 kilo
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $l.OB per
pound for the week ending June 7. The
U.S. price per pound increased 1.6 cents
from the previous week.
NONFAT DRY MILK prices received
for bag, tote and tanker sales meeting
USDA Extra Grade or USPH Grade A
standards averaged 80.5 cents per pound
for the week ending June 7. The U.S.
price per pound increased 0.2 cents from
the previous week.
DRY WHEY prices received for bag,
tote and tanker sales meeting USDA
Extra Grade standards averaged 13.8
cents per pound for the week ending June
7. The U.S. price per pound decreased 0.4
cents from the previous week.