USDA Nat'l Direct Feeder Pigs                      03/22 13:15
NW_LS255
Des Moines, IA   Fri Mar 22,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Mar 22
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 96,764    LAST WEEK: 50,325      LAST YEAR: 98,865


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 18.8%,       Iowa 15.1%,           Illinois 13.9%,
Colorado 10.8%,       Missouri 10.8%,       South Dakota 6.8%,
Minnesota 5.1%,       Oklahoma 4.2%,        Ontario 3.7%,
Indiana 3.3%,         Alabama 2.4%,         Nebraska 1.2%,
Georgia 1.1%,         Kentucky 1.0%,        Ohio 0.9%,
Saskatchewan 0.6%,

VOLUME BY STATE OF DESTINATION:
Iowa 67.8%,           Nebraska 9.5%,        Ohio 7.5%,
Minnesota 5.9%,       Illinois 4.2%,        Michigan 2.2%,
Wisconsin 1.1%,       Alabama 1.1%,         Indiana 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 6.00 per head higher.
All feeder pigs 9.00 per head higher.  Demand 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 - 1200       8336 35.90-42.02  38.66   5075  35.00-56.00    51.24
1200 or more    36503 36.92-51.06  42.49  37200  43.50-65.00    51.80
Total Composite 44839 35.90-51.06  41.78  42275  35.00-65.00    51.73

FEEDER Pigs 40 Pounds Basis:
600 or less                                 450  72.00-72.00    72.00
600 - 1200                                 4300  66.00-84.00    77.21
1200 or more                               4900  74.00-85.00    81.80
Total Composite                            9650  66.00-85.00    79.30

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     87114 at 46.61
          All 40 Pound Feeder Pigs:  9650 at 79.30


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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