USDA Nat'l Direct Feeder Pigs
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2/24 1:17 PM
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 1400C BAT
 
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