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