USDA Nat'l Direct Feeder Pigs                      05/31 15:26
NW_LS255
Des Moines, IA   Fri May 31,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending May 31
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 75,839    LAST WEEK: 53,907      LAST YEAR: 50,876


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Colorado 22.9%,       South Dakota 13.8%,   Illinois 13.5%,
Iowa 9.0%,            Saskatchewan 7.4%,    Missouri 6.5%,
Nebraska 6.0%,        Oklahoma 5.4%,        Wisconsin 3.3%,
Alabama 3.2%,         Manitoba 2.8%,        Montana 2.0%,
Ohio 1.8%,            Georgia 1.5%,         Indiana 0.9%,

VOLUME BY STATE OF DESTINATION:
Iowa 63.0%,           Minnesota 12.3%,      Nebraska 12.0%,
Illinois 5.4%,        Ohio 3.1%,            Michigan 1.8%,
Alabama 1.5%,         Indiana 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 9.00 per head lower.
All feeder pigs 6.00 per head lower.  Demand light for moderate
offerings.  Receipts include 57% 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                                 450  45.00-45.00    45.00
600 - 1200       7847 41.75-52.47  46.26   2000  41.00-48.00    44.50
1200 or more    35522 37.00-56.47  46.25  27650  38.00-50.00    43.82
Total Composite 43369 37.00-56.47  46.25  30100  38.00-50.00    43.88

FEEDER Pigs 40 Pounds Basis:
600 or less                                1100  68.00-68.00    68.00
1200 or more                               1270  70.00-70.00    70.00
Total Composite                            2370  68.00-70.00    69.07

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     73469 at 45.28
          All 40 Pound Feeder Pigs:  2370 at 69.07


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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