USDA Nat'l Direct Feeder Pigs
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5/24 3:18 PM
USDA Nat'l Direct Feeder Pigs 05/24 15:17 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 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 1400C BAT
 
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