National Direct Feeder Pig
USDA - Fri Sep 13, 9:24AM CDT
NW_LS255
Des Moines, IA   Fri Sep 13,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Sep 13
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 118,888   LAST WEEK: 91,510      LAST YEAR: 96,181


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 28.2%,       Manitoba 16.4%,       Colorado 15.1%,
Iowa 14.6%,           Indiana 7.2%,         Saskatchewan 5.7%,
Oklahoma 3.4%,        Missouri 2.6%,        Minnesota 2.0%,
Alabama 2.0%,         Ohio 1.2%,            South Dakota 0.8%,
Nebraska 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 82.5%,           Minnesota 5.7%,       Nebraska 4.1%,
Illinois 3.4%,        Michigan 3.3%,        Kansas 1.0%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 4.00 per head higher.
All feeder pigs 3.00 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                                1000  21.00-28.00    23.80
600 - 1200        814 32.00-32.00  32.00   2700  23.00-24.00    23.63
1200 or more    62349 23.31-47.00  41.16  49500  17.00-40.00    26.61
Total Composite 63163 23.31-47.00  41.04  53200  17.00-40.00    26.41

FEEDER Pigs 40 Pounds Basis:
600 or less                                 575  37.00-37.00    37.00
600 - 1200                                 1950  37.00-42.00    39.56
Total Composite                            2525  37.00-42.00    38.98

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     116363 at 34.35
          All 40 Pound Feeder Pigs:  2525 at 38.98


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