USDA Nat'l Direct Feeder Pigs                      06/26 13:36
NW_LS255
Des Moines, IA   Fri Jun 26,2020   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jun 26
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 82,535    LAST WEEK: 91,130      LAST YEAR: 101,840


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 25.1%,       Manitoba 18.8%,       Missouri 11.6%,
Colorado 10.5%,       South Dakota 7.5%,    Iowa 6.5%,
North Carolina 6.3%,  Minnesota 6.1%,       Saskatchewan 6.1%,
Wisconsin 1.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 75.2%,           Minnesota 12.9%,      Ohio 3.0%,
Nebraska 2.9%,        Wisconsin 2.0%,       Pennsylvania 1.8%,
Colorado 1.5%,        South Dakota 0.8%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady to weak.  Demand light for moderate to heavy offerings.  Receipts
include 39% 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   1.00-3.00      2.00
600 - 1200                                 3082   6.00-8.00      6.72
1200 or more    32247  9.89-40.50  28.33  42206   1.00-13.00     6.12
Total Composite 32247  9.89-40.50  28.33  46288   1.00-13.00     6.07

FEEDER Pigs 40 Pounds Basis:
600 - 1200                                 4000  10.00-18.00    14.25
Total Composite                            4000  10.00-18.00    14.25

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     78535 at 15.21
          All 40 Pound Feeder Pigs:  4000 at 14.25


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