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Agricultural Marketing

NW_LS255

Des Moines, IA   Fri May 24, 2019   USDA-Iowa Dept of Ag Market News

 

National Direct Delivered Feeder Pig Report: Week Ending May 24

Weekly Summary of prices on a delivered farm to farm basis.

 

RECEIPTS THIS WEEK: 53,907    LAST WEEK: 97,964      LAST YEAR: 94,786

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 16.9%,       Saskatchewan 13.9%,   Colorado 10.8%,

South Dakota 10.0%,   Iowa 7.9%,            Oklahoma 7.6%,

Georgia 5.9%,         Nebraska 5.6%,        Minnesota 4.5%,

Alabama 4.5%,         Ontario 3.1%,         Montana 2.8%,

Ohio 2.5%,            Missouri 2.4%,        Manitoba 1.0%,

Indiana 0.5%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 52.7%,           Illinois 13.2%,       Minnesota 12.2%,

Nebraska 10.5%,       Michigan 2.5%,        South Dakota 2.4%,

Ohio 2.2%,            Alabama 1.9%,         Wisconsin 1.0%,

Maine 1.0%,           Indiana 0.5%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 3.00 per head lower.

All feeder pigs 6.00 per head lower.  Demand light for moderate

offerings.  Receipts include 64% 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                                 275  51.00-51.00    51.00

600 - 1200       3304 41.75-47.86  46.01   4150  43.00-53.00    47.69

1200 or more    31303 37.00-59.53  47.36  12550  45.00-60.00    54.08

Total Composite 34607 37.00-59.53  47.23  16975  43.00-60.00    52.47

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1275  72.00-81.00    75.88

600 - 1200                                 1050  75.00-75.00    75.00

Total Composite                            2325  72.00-81.00    75.48

 

Total Composite Weighted Average Receipts and Price (Formula and Cash):

          All Early Weaned Pigs:     51582 at 48.96

          All 40 Pound Feeder Pigs:  2325 at 75.48

 

 

NOTE: Prices are quoted on a per head basis delivered to the buyer’s 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

 

 

1400C  BAT

 

 

 

 

 

Mailing Address: IDALS,  Wallace State Office Building,   502 E. 9th Street,  Des Moines, IA 50319:     PH: 515-281-5321
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