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Agricultural Marketing

Iowa Direct Feeder Pig Report

NW_LS255

Des Moines, IA   Fri Nov 16, 2018   USDA-Iowa Dept of Ag Market News

 

National Direct Delivered Feeder Pig Report: Week Ending Nov 16 Weekly Summary of prices on a delivered farm to farm basis.

 

RECEIPTS THIS WEEK: 86,953    LAST WEEK: 104,118     LAST YEAR: 93,702

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Colorado 17.6%,       Manitoba 17.5%,       Illinois 12.3%,

Nebraska 12.0%,       Iowa 11.7%,           Ontario 5.6%,

Minnesota 4.8%,       Oklahoma 4.7%,        Ohio 3.0%,

Missouri 2.5%,        Alabama 2.4%,         Montana 1.7%,

Wisconsin 1.5%,       North Dakota 1.4%,    Georgia 1.2%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 61.1%,           Illinois 13.6%,       Minnesota 11.4%,

Nebraska 8.7%,        Ohio 2.8%,            Michigan 1.3%,

Alabama 1.2%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady.   All feeder pigs 4.00 per head higher on light receipts.  Demand moderate on moderate  offerings.  Receipts include 43% 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                                 850  43.50-46.00    44.68

600 - 1200       5402 40.28-43.38  41.82   2000  40.00-42.00    41.20

1200 or more    31900 35.74-45.67  40.45  40976  25.00-52.00    42.64

Total Composite 37302 35.74-45.67  40.65  43826  25.00-52.00    42.62

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 250  44.00-44.00    44.00

600 - 1200                                 1100  48.00-48.00    48.00

1200 or more                               4475  45.00-51.00    47.34

Total Composite                            5825  44.00-51.00    47.32

 

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

          All Early Weaned Pigs:     81128 at 41.71

          All 40 Pound Feeder Pigs:  5825 at 47.32

 

 

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

       

 

 

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