USDA Nat'l Direct Feeder Pigs                      08/16 14:00
NW_LS255
Des Moines, IA   Fri Aug 16,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Aug 16
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 122,267   LAST WEEK: 104,391     LAST YEAR: 88,135


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 29.2%,       South Dakota 17.8%,   Manitoba 16.8%,
Colorado 9.8%,        Iowa 7.8%,            Saskatchewan 4.1%,
Oklahoma 3.4%,        Nebraska 3.1%,        Indiana 2.5%,
Alabama 2.0%,         Montana 1.2%,         Ohio 1.2%,
Missouri 0.7%,        Minnesota 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 73.3%,           Minnesota 8.5%,       Illinois 7.3%,
Ohio 4.2%,            South Dakota 2.5%,    Nebraska 1.7%,
Wisconsin 1.3%,       Michigan 1.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 1.00
 to 2.00 per head higher. Demand light to moderate for moderate
offerings.  Receipts include 45% 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                                2780  17.00-25.00    21.09
600 - 1200                                 7000  12.00-24.00    17.46
1200 or more    54762 22.22-47.98  39.95  56125  14.00-31.00    22.49
Total Composite 54762 22.22-47.98  39.95  65905  12.00-31.00    21.89

FEEDER Pigs 40 Pounds Basis:
600 or less                                 400  29.00-29.00    29.00
1200 or more                               1200  41.00-41.00    41.00
Total Composite                            1600  29.00-41.00    38.00

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     120667 at 30.09
          All 40 Pound Feeder Pigs:  1600 at 38.00


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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