USDA Nat'l Direct Feeder Pigs
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11/08 1:15 PM
USDA Nat'l Direct Feeder Pigs 11/08 13:15 NW_LS255 Des Moines, IA Fri Nov 08,2019 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Nov 08 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 141,902 LAST WEEK: 178,806 LAST YEAR: 104,118 VOLUME BY STATE OR PROVINCE OF ORIGIN: Manitoba 21.5%, Illinois 15.7%, Iowa 11.2%, Indiana 11.1%, Colorado 8.4%, Minnesota 7.8%, Nebraska 6.1%, South Dakota 5.4%, Saskatchewan 3.5%, Missouri 3.4%, Oklahoma 2.9%, Alabama 1.6%, Kansas 0.8%, Ohio 0.6%, VOLUME BY STATE OF DESTINATION: Iowa 83.4%, Minnesota 5.7%, Illinois 3.9%, Nebraska 2.2%, Ohio 1.6%, Michigan 1.4%, Indiana 1.3%, Wisconsin 0.5%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs 1.00 per head higher. All feeder pigs steady. Demand moderate for moderate offerings. Receipts include 38% 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 - 1200 1800 31.87-31.87 31.87 5900 28.00-36.00 31.19 1200 or more 52408 29.00-49.68 41.75 75300 22.00-38.00 31.01 Total Composite 54208 29.00-49.68 41.43 81200 22.00-38.00 31.02 FEEDER Pigs 40 Pounds Basis: 600 or less 800 42.00-44.00 43.00 600 - 1200 1417 37.75-44.00 41.13 1200 or more 4277 44.00-48.00 46.08 Total Composite 6494 37.75-48.00 44.62 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 135408 at 35.19 All 40 Pound Feeder Pigs: 6494 at 44.62 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
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