USDA Nat'l Direct Feeder Pigs                      08/07 13:16
NW_LS255
Des Moines, IA   Fri Aug 07,2020   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Aug 07
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 94,435    LAST WEEK: 124,923     LAST YEAR: 104,391


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 17.7%,       Manitoba 15.5%,       Nebraska 15.5%,
Iowa 9.1%,            Missouri 9.1%,        North Carolina 6.2%,
Colorado 6.0%,        Saskatchewan 5.3%,    South Dakota 4.0%,
Minnesota 3.9%,       Wisconsin 2.6%,       Ohio 1.7%,
Montana 1.7%,         Indiana 1.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 78.7%,           Minnesota 12.2%,      Nebraska 6.7%,
Michigan 1.7%,        South Dakota 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 3.00 per head higher.
All feeder pigs steady. Demand moderate for light to moderate offerings.
 Receipts include 44% 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                                2050   5.00-9.00      7.29
600 - 1200                                 3000   3.00-12.50     8.40
1200 or more    41885 13.17-42.72  31.33  45350   8.00-18.50    12.89
Total Composite 41885 13.17-42.72  31.33  50400   3.00-18.50    12.40

FEEDER Pigs 40 Pounds Basis:
600 or less                                 550  15.00-15.00    15.00
600 - 1200                                 1600  15.00-16.00    15.63
Total Composite                            2150  15.00-16.00    15.47

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     92285 at 20.99
          All 40 Pound Feeder Pigs:  2150 at 15.47


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