USDA Nat'l Direct Feeder Pigs
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11/09 1:10 PM
USDA Nat'l Direct Feeder Pigs 11/09 13:10 NW_LS255 Des Moines, IA Fri Nov 09,2018 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Nov 09 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 104,118 LAST WEEK: 105,662 LAST YEAR: 66,753 VOLUME BY STATE OR PROVINCE OF ORIGIN: South Dakota 14.7%, Iowa 12.2%, Manitoba 10.9%, Illinois 10.6%, Nebraska 10.3%, Missouri 9.0%, Colorado 5.7%, Saskatchewan 5.4%, Indiana 4.4%, Oklahoma 3.9%, Minnesota 2.4%, Michigan 2.4%, Alabama 2.1%, Montana 1.5%, Wisconsin 1.2%, North Dakota 1.2%, Ohio 1.1%, Georgia 1.0%, VOLUME BY STATE OF DESTINATION: Iowa 60.3%, Minnesota 10.1%, South Dakota 9.6%, Illinois 7.7%, Nebraska 4.5%, Ohio 3.3%, Indiana 2.3%, Michigan 1.1%, Alabama 1.0%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs and all feeder pigs 3.00 per head higher. Demand moderate on moderate offerings. Receipts include 37% 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 975 25.00-35.50 30.65 600 - 1200 8299 37.81-41.75 39.49 9480 35.00-44.00 39.73 1200 or more 30364 37.00-46.25 40.75 47100 38.00-48.00 44.46 Total Composite 38663 37.00-46.25 40.48 57555 25.00-48.00 43.45 FEEDER Pigs 40 Pounds Basis: 600 or less 1050 40.00-46.00 42.57 600 - 1200 1050 38.00-38.00 38.00 1200 or more 5800 39.50-50.00 44.54 Total Composite 7900 38.00-50.00 43.41 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 96218 at 42.26 All 40 Pound Feeder Pigs: 7900 at 43.41 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
 
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