National Direct Feeder Pig
USDA - Fri Aug 23, 9:14AM CDT
NW_LS255
Des Moines, IA   Fri Aug 23,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Aug 23
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 87,825    LAST WEEK: 122,267     LAST YEAR: 82,195


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 23.8%,       Manitoba 23.8%,       Iowa 11.1%,
Saskatchewan 10.8%,   Colorado 9.8%,        Missouri 7.2%,
Oklahoma 4.7%,        Alabama 2.7%,         Ohio 1.6%,
Montana 1.5%,         Ontario 1.4%,         Minnesota 1.2%,
Nebraska 0.3%,

VOLUME BY STATE OF DESTINATION:
Iowa 73.9%,           Illinois 9.5%,        Minnesota 7.9%,
Nebraska 6.5%,        Michigan 2.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 3.00 per head lower.
All feeder pigs 6.00 per head lower. Demand light to moderate for
moderate offerings.  Receipts include 49% 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                                2825  18.00-24.00    22.50
600 - 1200                                 6825  14.00-23.00    18.55
1200 or more    43495 24.49-49.64  39.34  24550  14.00-27.50    19.12
Total Composite 43495 24.49-49.64  39.34  34200  14.00-27.50    19.28

FEEDER Pigs 40 Pounds Basis:
600 or less                                2575  28.00-35.00    31.17
600 - 1200                                 1425  25.00-32.00    28.32
1200 or more                               6130  27.50-38.00    32.23
Total Composite                           10130  25.00-38.00    31.41

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     77695 at 30.51
          All 40 Pound Feeder Pigs:  10130 at 31.41


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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