USDA Nat'l Direct Feeder Pigs                      01/18 13:10
NW_LS255
Des Moines, IA   Fri Jan 18,2019   USDA-Iowa Dept of Ag Market News

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

RECEIPTS THIS WEEK: 103,274   LAST WEEK: 77,667      LAST YEAR: 81,859


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Colorado 15.6%,       Illinois 14.6%,       Iowa 14.2%,
Manitoba 11.6%,       Minnesota 8.3%,       Ontario 6.4%,
Saskatchewan 5.5%,    Missouri 5.2%,        Oklahoma 4.0%,
South Dakota 2.5%,    Indiana 2.4%,         Alabama 2.2%,
Alberta 2.0%,         Nebraska 1.7%,        Montana 1.4%,
Ohio 1.2%,            Georgia 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 70.3%,           Minnesota 11.6%,      Illinois 7.9%,
Nebraska 3.9%,        Ohio 3.6%,            Michigan 1.2%,
Alabama 1.1%,         South Dakota 0.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 3.00 per head lower.
All feeder pigs 2.00 per head lower.  Demand moderate for moderate
offerings.  Receipts include 40% 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                                 550  49.00-49.00    49.00
600 - 1200       6458 42.02-47.07  44.68   4050  50.00-59.50    56.05
1200 or more    35011 37.00-50.94  46.11  44201  55.00-70.00    61.45
Total Composite 41469 37.00-50.94  45.88  48801  49.00-70.00    60.86

FEEDER Pigs 40 Pounds Basis:
600 or less                                1160  65.00-68.50    66.79
600 - 1200                                 5244  60.00-74.50    68.58
1200 or more                               6600  62.00-76.00    71.32
Total Composite                           13004  60.00-76.00    69.81

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     90270 at 53.98
          All 40 Pound Feeder Pigs:  13004 at 69.81


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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