National Direct Feeder Pig
USDA - Fri Jan 12, 1:12PM CST
NW_LS255
Des Moines, IA   Fri Jan 12,2018   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jan 12
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 79,169    LAST WEEK: 70,163      LAST YEAR: 91,899


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 20.5%,       Manitoba 13.7%,       Colorado 12.6%,
Iowa 12.5%,           Saskatchewan 7.1%,    Ontario 6.1%,
Oklahoma 5.2%,        South Dakota 4.8%,    Missouri 3.9%,
Indiana 2.7%,         Pennsylvania 2.5%,    Alabama 2.5%,
Minnesota 2.1%,       Montana 1.9%,         Ohio 1.1%,
Georgia 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 65.9%,           Minnesota 19.1%,      Indiana 5.2%,
Illinois 5.2%,        Ohio 2.5%,            Michigan 1.1%,
Georgia 1.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady to 5.00 per
head higher.   All feeder pigs 4.00 per head higher.  Demand moderate
for moderate offerings.  Receipts include 53% 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       900 47.25-47.41  47.33    772  55.00-70.00    64.72
600 - 1200      10798 41.61-54.23  47.64   1100  75.00-75.00    75.00
1200 or more    30584 37.25-68.00  47.82  30200  68.00-80.00    75.16
Total Composite 42282 37.25-68.00  47.76  32072  55.00-80.00    74.91

FEEDER Pigs 40 Pounds Basis:
600 or less                                 490  80.00-80.00    80.00
600 - 1200                                 4325  76.00-86.00    82.45
Total Composite                            4815  76.00-86.00    82.20

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     74354 at 59.47
          All 40 Pound Feeder Pigs:  4815 at 82.20


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

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