USDA Nat'l Direct Feeder Pigs                      04/20 13:35
NW_LS255
Des Moines, IA   Fri Apr 20,2018   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Apr 20
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 106,260   LAST WEEK: 70,040      LAST YEAR: 87,396


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 21.3%,       Manitoba 16.6%,       Colorado 14.3%,
Iowa 11.5%,           Nebraska 5.5%,        South Dakota 4.8%,
Minnesota 4.7%,       Missouri 4.5%,        Oklahoma 3.9%,
North Dakota 3.1%,    Ohio 2.6%,            Alabama 2.2%,
Indiana 2.1%,         Montana 1.5%,         Georgia 0.9%,
Arkansas 0.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 61.1%,           Minnesota 14.6%,      Nebraska 6.1%,
Illinois 6.1%,        Michigan 5.0%,        Manitoba 2.6%,
Alabama 2.2%,         Kansas 0.9%,          Georgia 0.9%,
Nevada 0.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head higher.
 All feeder pigs 3.00 per head lower on light receipts.  Demand
moderate for moderate offerings.  Receipts include 54%  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       9366 31.43-43.03  36.89   8150  19.00-35.00    28.42
1200 or more    47902 30.79-41.33  35.70  35858  28.00-46.00    35.76
Total Composite 57268 30.79-43.03  35.90  44008  19.00-46.00    34.40

FEEDER Pigs 40 Pounds Basis:
600 or less                                3984  61.00-69.00    64.61
600 - 1200                                 1000  64.50-64.50    64.50
Total Composite                            4984  61.00-69.00    64.59

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     101276 at 35.25
          All 40 Pound Feeder Pigs:  4984 at 64.59


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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