USDA Nat'l Direct Feeder Pigs                      10/18 13:25
NW_LS255
Des Moines, IA   Fri Oct 18,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Oct 18
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 140,886   LAST WEEK: 98,437      LAST YEAR: 90,310


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 12.9%,           South Dakota 11.8%,   Illinois 11.2%,
Missouri 9.5%,        Minnesota 8.7%,       Manitoba 7.2%,
Indiana 6.0%,         Colorado 6.0%,        Montana 5.7%,
Saskatchewan 4.0%,    Nebraska 3.7%,        Wisconsin 3.5%,
Kentucky 3.2%,        Oklahoma 2.9%,        Ohio 1.9%,
Ontario 1.8%,

VOLUME BY STATE OF DESTINATION:
Iowa 64.6%,           Minnesota 14.4%,      Illinois 12.4%,
Nebraska 4.0%,        Ohio 1.9%,            Michigan 1.8%,
Wisconsin 0.7%,       Missouri 0.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 2.00
 per head higher.  Demand good to moderate on moderate offerings.
Receipts include 32% 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                                2640  23.00-30.00    28.08
600 - 1200       5112 42.60-49.69  46.05   7975  18.00-36.00    26.44
1200 or more    40739 27.66-49.01  44.03  73700  21.00-36.00    28.84
Total Composite 45851 27.66-49.69  44.26  84315  18.00-36.00    28.59

FEEDER Pigs 40 Pounds Basis:
600 or less                                2270  30.00-42.00    38.90
600 - 1200                                 3500  35.50-52.00    44.74
1200 or more                               4950  38.00-51.00    46.84
Total Composite                           10720  30.00-52.00    44.47

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     130166 at 34.11
          All 40 Pound Feeder Pigs:  10720 at 44.47


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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