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Agricultural Marketing

NW_LS255

Des Moines, IA   Fri Nov 15, 2019   USDA-Iowa Dept of Ag Market News

 

National Direct Delivered Feeder Pig Report: Week Ending Nov 15

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

 

RECEIPTS THIS WEEK: 124,342   LAST WEEK: 141,902     LAST YEAR: 86,953

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 19.2%,       Colorado 12.3%,       Manitoba 8.0%,

Iowa 8.0%,            Missouri 6.9%,        Saskatchewan 6.5%,

Kentucky 6.4%,        South Dakota 5.9%,    Indiana 5.2%,

Minnesota 4.6%,       North Carolina 3.9%,  Nebraska 3.8%,

Oklahoma 3.3%,        Wisconsin 3.2%,       Alabama 1.8%,

Ohio 1.1%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 65.2%,           Minnesota 18.9%,      Illinois 6.8%,

Nebraska 4.0%,        Michigan 3.2%,        Ohio 1.8%,

 

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

All feeder pigs 5.00 per head higher.  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                                1100  18.00-24.00    20.73

600 - 1200                                 4925  28.00-34.75    31.44

1200 or more    49899 33.01-52.57  45.20  58100  22.00-40.00    34.14

Total Composite 49899 33.01-52.57  45.20  64125  18.00-40.00    33.71

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 850  30.00-42.50    35.15

600 - 1200                                 3668  42.00-51.00    46.90

1200 or more                               5800  52.50-54.00    53.35

Total Composite                           10318  30.00-54.00    49.56

 

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

          All Early Weaned Pigs:     114024 at 38.74

          All 40 Pound Feeder Pigs:  10318 at 49.56

 

 

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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