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Agricultural Marketing

Iowa Direct Feeder Pig Report

NW_LS255

Des Moines, IA   Fri Jul 13, 2018   USDA-Iowa Dept of Ag Market News

 

National Direct Delivered Feeder Pig Report: Week Ending Jul 13 Weekly Summary of prices on a delivered farm to farm basis.

 

RECEIPTS THIS WEEK: 89,219    LAST WEEK: 87,883      LAST YEAR: 98,595

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 16.9%,       Colorado 14.4%,       Iowa 14.2%,

Manitoba 11.7%,       South Dakota 8.9%,    Missouri 6.6%,

Minnesota 6.2%,       Saskatchewan 5.6%,    Oklahoma 4.6%,

Ohio 3.2%,            Alabama 2.6%,         Montana 1.8%,

Michigan 1.1%,        Georgia 1.1%,         Nebraska 1.0%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 67.6%,           Minnesota 15.3%,      Illinois 7.4%,

Ohio 3.4%,            Michigan 3.2%,        Indiana 1.1%,

Alabama 1.1%,         Nebraska 0.7%,        South Dakota 0.2%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head lower.

 All feeder pigs 1.00 per head lower.     Demand light to moderate on

moderate offerings. Receipts include 60% 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                                1030  12.00-13.00    12.51

600 - 1200       3945 34.90-41.83  36.66   3848  12.00-15.00    13.03

1200 or more    49596 25.42-44.00  33.53  26400  10.00-20.00    15.77

Total Composite 53541 25.42-44.00  33.76  31278  10.00-20.00    15.32

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                2050  18.00-36.00    24.89

600 - 1200                                 1000  35.00-35.00    35.00

1200 or more                               1350  39.00-39.00    39.00

Total Composite                            4400  18.00-39.00    31.52

 

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

          All Early Weaned Pigs:     84819 at 26.96

          All 40 Pound Feeder Pigs:  4400 at 31.52

 

 

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

 

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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