National Direct Feeder Pig
USDA - Fri Jul 14, 1:15PM CDT
NW_LS255
Des Moines, IA   Fri Jul 14,2017   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jul 14
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 98,595    LAST WEEK: 57,677      LAST YEAR: 88,552


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 16.1%,       Illinois 15.8%,       Iowa 12.4%,
Colorado 8.7%,        Missouri 8.3%,        Saskatchewan 7.1%,
Indiana 5.8%,         Minnesota 5.3%,       Oklahoma 4.2%,
Kansas 3.1%,          Ohio 2.7%,            South Dakota 2.4%,
Alabama 2.1%,         Nebraska 2.1%,        Montana 1.5%,
Georgia 1.1%,         Michigan 1.1%,        Wisconsin 0.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 74.8%,           Minnesota 6.7%,       Illinois 5.2%,
Nebraska 5.0%,        Wisconsin 3.1%,       Indiana 2.5%,
Michigan 1.3%,        Georgia 1.1%,         South Dakota 0.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady.  Demand moderate for moderate offerings.  Receipts include 54%
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      2574 31.46-34.84  33.35   2362  23.00-28.00    26.08
600 - 1200      14188 32.18-41.77  35.59   9700  22.50-28.00    25.65
1200 or more    36369 31.06-44.00  36.20  27922  26.00-31.00    28.27
Total Composite 53131 31.06-44.00  35.90  39984  22.50-31.00    27.51

FEEDER Pigs 40 Pounds Basis:
600 or less                                1830  45.00-53.50    49.93
600 - 1200                                  850  54.50-54.50    54.50
1200 or more                               2800  55.50-55.50    55.50
Total Composite                            5480  45.00-55.50    53.49

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     93115 at 32.29
          All 40 Pound Feeder Pigs:  5480 at 53.49


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