USDA Nat'l Direct Feeder Pigs
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5/31 3:27 PM
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 1400C BAT
 
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