Eastern Com Belt
Direct Hogs
Des Moines, lowa
July 15,2003
Report Supplied By USDA
EASTERN CORN BELT DIRECT
DAILY HOGS, for Tuesday, July 15, as
of 1:30 p.m.
National Direct Feeder Pig Report
Week Ending July 11, 2003
USDA Market News, Des Moines, lowa
Weekly Summary of prices on a farm to farm per head basis. FOB is the
price picked up at the seller's farm. DELIVERED is the price unloaded at the
buyer's farm, including trucking and broker's fees.
RECEIPTS: This Week 55,051; Last Week; 98,748
VOLUME BY STATE OR PROVINCE OF ORIGIN:
lowa 24.4% Manitoba 17 6% Ontario 11 7%
Missouri 7 7% Nebraska 6 07% Indiana 5.0%
Arkansas 2.9% Michigan 2.3% Minnesota 1.8%
North Carolina 1.4% Colorado 1.1% Kansas 0.7%
VOLUME BY STATE OF DESTINATION:
lowa 45.7% Nebraska 15.5% Indiana 13.8%
Missouri 8.0% Pennsylvania 2.5% Illinois 1.6%
Ohio 1.3% Utah 1.1%
TREND: Compared to last week: Early weaned pig 1.00 lower. Feeder pigs
unevenly steady on light receipts and light demand. Receipt, include 43% for
mulated prices.
Lot Size Total Head Price Range Wtd Avg Pnce Range Wtd Avg
Per Trade Per Category FOB Seller ■ FOB Delvrd Buyer Delvrd
EARLY WEANED PIGS 10 POUNDS BASIS: Estimated 40-54% Lean Value
250 head or less 815 17.00-29.02 24.70 i 19.00-30.00 26.12
250-750 10,237 19.00-31.00 25.72 j 21 50-31.83 27.57
750 or more 21,480 14.00-31.50 27.50 j 17.00-32.00 29.02
Total Composite 32,532 14.00-31.50 26.87 i 17.00-32.00 28.49
FEEDER PIGS 40 POUNDS BASIS: Estimated 40-54% Lean Value
250-750 3,598 32.00-40.00 35.56 i 35.00-42.00 38.71
750 or more 3,901 31.00-42.39 36.84 i 33.00-46.39 40.43
Total Composite 7,499 31.00-42.39 36.22 I 33.00-46.39 39.60
FEEDER PIGS 45 POUNDS BASIS: Estimated 40-54% Lean Value
750 or more 5,750 30.00-46.51 41.53 I 32.50-48.61 43 68
FEEDER PIGS 50 POUNDS BASIS; Estimated 40-54% Lean Value
250-750 1,200 51.25 51.25 i 52.74 52.74
750 or more 2,800 41.00-46.00 43.23 i 43.00-48.00 45.68
Total Composite 4,000 41.00-51.25 45.64 ! 43.00-52.74 47.80
FEEDER PIGS 55 POUNDS BASIS: Estimated 40-54% Lean Value
250-750 2,150 35.00-46.10 38.93 : 39.00-50.10 42.81
750 or more 3,120 39.50-42.50 40.80 I 43.50-46.50 44.80
Total Composite 5,270 35.00-46.10 40.04 I 39.00-50.10 43.99
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 .30-.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 condi
tions. Vaccination, and health program values arc not included but health sta
tus should be disaO&ed.
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CURRENT VOLUME TODAY, AC
TUAI • PRODUCER SOLD: Negotiated
15,733; Other Market Formula 6,201;
Swine or Pork Market Formula. 35,202;
Other Purchase Arrangement: 18,307.
PACKER SOLD (All purchase types):
931.
NEGOTIATED PURCHASES (includ-
Oklahoma 10.4%
Texas 4.9%
Illinois I 6%
Ohio 0 5%
Minnesota 9.1 %
Michigan 1.4%
ing packer sold): BARROWS AND
GILTS (Carcass Basis); 8,503 head. Com
pared to prior day’s close, .50 lower. Base
Market Hog, 185 lb Carcass Basis, Plant
Delivered (-0.9-1.1 inch backfat, 6 sq. in.
loin/2.0 depth): Base Price Range: $51.00
- 59.85, wtd. avg. $58.04.
S-Day Rolling Average Market Hog:
192.01 lb carcass, plant delivered (0.78
inch backfat, 6.57 sq.in. loin/2.19 inch loin
depth). FFLI: 50.58%; price range $55.00
- 65.48.
Purchase Volume by State of Origin:
Alabama 358; Delaware 160; Georgia 930;
Illinois 11,678; Indiana 2,352; Kentucky
2,352; Maryland 180; Michigan 6,395;
Mississippi 1,826; New York 551; North
Carolina 5,478; Ohio 11,729; Pennsylva
nia 2,248; South Carolina 669; Tennessee
733; Virginia 12; West Virginia 161; Wis
consin 1,886.
East Fluid Milk
And Cream Review
Madison, Wis.
July 16,2003
Report Supplied by USD A
SPOT PRICES OF CLASS II CREAM,
dollars per lb butterfat: F. 0.8. producing
plants: Northeast; 1.5867-1.7851. Deliv
ered Equivalent; Atlanta: 1.5750-1.8084
mostly 1.6567-1.7617.
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: 1.000-1.0500.
SPOTS SHIPMENTS OF GRADE A
MILK: FLORIDA: This Week: In 0, Out
51; Last Week In 0, Out 60; Last Week In
0, Out 2. SOUTHEAST STATES: This
Week: In 0, Out 0; Last Week In 0, Out 0;
Last Week In 0, Out 0.
EDITOR’S NOTE: Due to changes, in
milk supply agreements, milk import/
export totals are not directly comparable
to year ago figures and to shipments prior
to April 1,2003.
Regional Milk Market Administra- _
tors announced the following, June
2003 uniform prices: Northeast
$11.66, Mideast $10.63, Southeast
$11.98, Florida $13.02, and Western
New York (a state order) $11.21 at
the base city or county in the orders.
(For the Northeast, Mideast, and I
Western New York orders, statistical un
iform prices are reported.)
Milk production continues to show de
clines in most sections of the region. The
most noticeable changes are occurring in
the Southeast where temperatures and
humidity have been high. The weather in
the Northeast is more seasonable and pro
duction isn't moving too much. However,
contacts report that milk is very tight in
this part of the East. Fat and protein tests
remain relatively low. Bottled milk sales
are mixed. Sales in much of the Southeast
are holding up surprisingly well. How
ever, bottled milk orders in the Northeast
range from sluggish to fair depending on
locale. Surplus milk supplies are tighter.
Most plant contacts report little manufac
turing in the Southeast and only moder
ate schedules further north.
The condensed skim market is firm.
Class II prices are steady, but producers
and buyers are anxiously waiting Friday’s
(7/18) announcement of August’s Class II
skim milk price (the basis for most Class
II condensed skim sales). Prices for Class
111 wet solids jumped sharply this week.
The gains reflect the projected Class 111
skim milk prices for July. Demand is
about steady, but Class 111 users are look
ing at NDM as a less costly alternative.
The fluid cream market remains firm.
Offerings are tight and Western cream
continues to be “imported” to supplement
local supplies. Cream is being pulled from
Midwestern and Southeastern states with
more regularity. Spot prices are often
higher as multiples and the CME butter
average are higher this week. Demand for
cream is holding up surprisingly well, but
some spot buyers are resisting the high
priced loads. Ice cream and ice cream mix
producers are running at near capacity
Sixteen new dairy farms have been chosen
as Dairies of Distinction in Pennsylvania
this year. Be sure to check out these
picturesque and well-managed farmsteads
in Lancaster Farming’s Dairy of Distinction
issue July 26. Each farm will be shown in full color with a
write-up describing the family and dairy operation.
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FEED CONVERSION
EFFICIENCY
HOSTED BY'
KEENAN USA and BINKLEY & HURST BROS.
MONDAY JULY 21,2003
11 AM-2PM
Come to hear the voices of experience
*Tony Hall - Senior TMR Specialist - Keenan USA
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Nutrients - Syracuse, NY
HELD AT LITITZ FAMILY CUPBOARD RESTAURANT
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Lahcdster Farming, Saturday, duly 19, 2003-A7
levels as demand is in normal “summer
mode.” Cream cheese makers are operat
ing at near normal levels, but most are
showing some signs of price resistance
when making spot purchases. Bottled
cream orders have eased in some areas
and producers have eased back on operat
ing schedules. Churning is light to moder
ate.
Dairy Products
Prices Highlights
Washington, D. C.
July 11,2003
Report Supplied By NASS/USDA
DAIRY PRODUCTS PRICES HIGH
LIGHTS:
CHEDDAR CHEESE prices received
for US 40 pound Blocks averaged $1.20
per pound for the week ending July 5.
The price per pound increased 3.3 cents
from the previous week. The price for US
500 pound Barrels adjusted to 38 percent
moisture averaged $1.20 per pound, up
6.8 cents from the previous week.
BUTTER prices received for 25 kilo
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $1.09 per
pound for the week ending July 5.
The U.S. price per pound increased 1.0
cent 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 80.6 cents per pound
for the week ending July 5. The U.S. price
per pound increased 0.1 cents from the
previous week.
DRY WHEY prices received for bag,
tote and tanker sales meeting USDA
Extra Grade standards averaged 14.4
cents per pound for the week ending July
5. The U.S. price per pound increased 0.2
cents from the previous week.
Dairy
of Wt
Distinction