NW_LS255 Des Moines, IA Fri Feb 08,2019 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Feb 08 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 109,605 LAST WEEK: 77,454 LAST YEAR: 79,602 VOLUME BY STATE OR PROVINCE OF ORIGIN: Illinois 26.2%, Manitoba 11.4%, Colorado 8.3%, Ontario 7.3%, Nebraska 6.6%, Missouri 5.6%, Minnesota 5.4%, Iowa 5.2%, Saskatchewan 5.0%, Indiana 4.7%, Alabama 4.3%, Oklahoma 3.7%, South Dakota 2.3%, Montana 1.4%, Ohio 1.1%, Georgia 1.0%, Arkansas 0.5%, VOLUME BY STATE OF DESTINATION: Iowa 79.5%, Illinois 6.1%, Minnesota 5.9%, Ohio 2.1%, Wisconsin 1.5%, Indiana 1.2%, Michigan 1.1%, Kansas 1.1%, Alabama 1.0%, Nebraska 0.5%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs steady. All feeder pigs 1.00 per head lower. Demand moderate for moderate offerings. Receipts include 41% 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 3640 42.02-43.33 42.93 5350 52.00-59.00 55.06 1200 or more 41938 37.00-56.79 46.62 47752 48.50-66.50 56.70 Total Composite 45578 37.00-56.79 46.33 53102 48.50-66.50 56.53 FEEDER Pigs 40 Pounds Basis: 600 or less 1575 63.00-69.00 65.27 600 - 1200 2050 63.00-64.00 63.46 1200 or more 7300 64.00-75.50 71.40 Total Composite 10925 63.00-75.50 69.03 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 98680 at 51.82 All 40 Pound Feeder Pigs: 10925 at 69.03 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
National Direct Feeder Pig