USDA Nat'l Direct Feeder Pigs
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10/19 1:10 PM
USDA Nat'l Direct Feeder Pigs 10/19 13:10 NW_LS255 Des Moines, IA Fri Oct 19,2018 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Oct 19 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 90,310 LAST WEEK: 84,287 LAST YEAR: 98,972 VOLUME BY STATE OR PROVINCE OF ORIGIN: Manitoba 26.8%, Illinois 15.4%, Colorado 15.2%, South Dakota 8.9%, Saskatchewan 6.9%, Iowa 5.6%, Oklahoma 4.5%, Nebraska 3.9%, Ohio 3.8%, Alabama 2.5%, Missouri 2.4%, Montana 1.7%, Georgia 1.2%, Minnesota 1.0%, VOLUME BY STATE OF DESTINATION: Iowa 65.0%, Minnesota 15.5%, Nebraska 8.6%, Illinois 5.8%, Indiana 2.4%, Michigan 1.3%, Alabama 1.2%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs 1.00 per head higher. All feeder pigs steady to weak on light receipts. Demand 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 2165 38.04-40.08 39.13 574 38.50-38.50 38.50 600 - 1200 12425 38.67-42.42 40.47 4330 26.00-38.50 32.63 1200 or more 39216 37.00-52.50 41.53 26450 32.00-42.00 36.64 Total Composite 53806 37.00-52.50 41.19 31354 26.00-42.00 36.12 FEEDER Pigs 40 Pounds Basis: 600 or less 1000 42.00-45.00 43.25 600 - 1200 2950 42.00-44.00 43.05 1200 or more 1200 35.00-35.00 35.00 Total Composite 5150 35.00-45.00 41.21 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 85160 at 39.32 All 40 Pound Feeder Pigs: 5150 at 41.21 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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