USDA Nat'l Direct Feeder Pigs                      09/14 13:30
NW_LS255
Des Moines, IA   Fri Sep 14,2018   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Sep 14
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 96,181    LAST WEEK: 105,244     LAST YEAR: 88,245


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 25.5%,       Iowa 10.6%,           Kentucky 10.3%,
Illinois 10.0%,       Colorado 5.6%,        Nebraska 5.5%,
Missouri 5.2%,        Saskatchewan 5.2%,    Minnesota 5.2%,
Indiana 4.7%,         Oklahoma 4.3%,        Ontario 3.2%,
Alabama 2.3%,         Montana 1.4%,         Georgia 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 63.6%,           Minnesota 12.2%,      Nebraska 8.0%,
Ohio 7.0%,            Illinois 4.3%,        Indiana 2.7%,
Alabama 1.1%,         South Dakota 1.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head higher.
All feeder pigs 9.00 per head higher.  Demand moderate for moderate
offerings.  Receipts include 47% 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 - 1200       4876 33.34-41.83  38.65   7551  18.00-28.00    21.70
1200 or more    40225 32.88-44.00  37.85  28604  18.00-36.50    29.80
Total Composite 45101 32.88-44.00  37.94  36155  18.00-36.50    28.11

FEEDER Pigs 40 Pounds Basis:
600 or less                                1025  29.00-29.00    29.00
1200 or more                              13900  16.50-35.00    31.49
Total Composite                           14925  16.50-35.00    31.32

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     81256 at 33.57
          All 40 Pound Feeder Pigs:  14925 at 31.32


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