USDA Nat'l Direct Feeder Pigs                      02/24 13:16
NW_LS255
Des Moines, IA   Fri Feb 21,2020   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Feb 21
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 100,634   LAST WEEK: 109,469     LAST YEAR: 87,084


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 20.3%,       Manitoba 18.7%,       Iowa 13.2%,
Missouri 10.4%,       Saskatchewan 5.6%,    Nebraska 5.6%,
Indiana 5.0%,         Colorado 4.7%,        Minnesota 3.6%,
South Dakota 3.2%,    North Carolina 2.5%,  Arkansas 2.5%,
Alabama 2.3%,         Montana 1.5%,         Ontario 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 81.0%,           South Dakota 5.0%,    Minnesota 4.0%,
Nebraska 3.4%,        Ohio 3.3%,            Illinois 1.7%,
Wisconsin 1.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 to 3.00 per head
lower.  All feeder pigs 3.00  per head lower.  Demand light to moderate
for moderate offerings.  Receipts include 46% 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                                1350  32.00-46.00    36.67
600 - 1200                                 3900  32.00-40.00    36.41
1200 or more    46259 40.50-47.49  44.91  42250  20.00-50.00    38.86
Total Composite 46259 40.50-47.49  44.91  47500  20.00-50.00    38.60

FEEDER Pigs 40 Pounds Basis:
600 or less                                1750  52.00-65.00    58.83
600 - 1200                                 1725  57.00-65.00    59.78
1200 or more                               3400  52.00-64.00    56.24
Total Composite                            6875  52.00-65.00    57.79

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     93759 at 41.71
          All 40 Pound Feeder Pigs:  6875 at 57.79


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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