USDA Nat'l Direct Feeder Pigs
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7/02 1:16 PM
USDA Nat'l Direct Feeder Pigs 07/02 13:16 NW_LS255 Des Moines, IA Fri Jul 03,2020 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Jul 03 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 68,769 LAST WEEK: 82,535 LAST YEAR: 115,894 VOLUME BY STATE OR PROVINCE OF ORIGIN: Illinois 21.3%, Minnesota 15.8%, Colorado 13.9%, Missouri 11.8%, Saskatchewan 10.9%, North Carolina 10.5%, Manitoba 6.4%, South Dakota 4.4%, Ohio 2.5%, Montana 2.3%, Iowa 0.2%, VOLUME BY STATE OF DESTINATION: Iowa 75.7%, Minnesota 16.3%, Colorado 3.6%, Michigan 2.5%, South Dakota 1.9%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs and all feeder pigs steady to mostly weak. Demand light for heavy offerings. Receipts include 40% 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 or less 740 1.00-9.00 3.59 1200 or more 27880 9.62-40.50 27.63 38999 1.00-12.00 5.59 Total Composite 27880 9.62-40.50 27.63 39739 1.00-12.00 5.55 FEEDER Pigs 40 Pounds Basis: 600 or less 1150 8.00-15.50 14.52 Total Composite 1150 8.00-15.50 14.52 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 67619 at 14.66 All 40 Pound Feeder Pigs: 1150 at 14.52 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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