USDA Nat'l Direct Feeder Pigs
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2/22 1:15 PM
USDA Nat'l Direct Feeder Pigs 02/22 13:15 NW_LS255 Des Moines, IA Fri Feb 22,2019 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Feb 22 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 87,084 LAST WEEK: 115,680 LAST YEAR: 111,665 VOLUME BY STATE OR PROVINCE OF ORIGIN: Illinois 18.4%, Manitoba 15.1%, Colorado 12.6%, Saskatchewan 7.2%, South Dakota 7.0%, Iowa 6.3%, Ontario 6.2%, Nebraska 5.2%, Oklahoma 4.7%, Minnesota 4.2%, Georgia 3.7%, Missouri 3.5%, Alabama 2.6%, Montana 2.0%, Ohio 1.4%, VOLUME BY STATE OF DESTINATION: Iowa 62.1%, Minnesota 11.0%, Illinois 9.3%, Kansas 5.7%, South Dakota 4.8%, Nebraska 4.4%, Michigan 1.4%, Alabama 1.3%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs 2.00 per head lower. Feeder pigs to few receipts for market test. Demand light to moderate for 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 550 51.00-51.00 51.00 600 - 1200 9530 40.80-57.15 48.48 8700 44.00-61.00 50.07 1200 or more 42379 37.00-58.46 45.80 20800 46.00-65.00 54.92 Total Composite 51909 37.00-58.46 46.29 30050 44.00-65.00 53.44 FEEDER Pigs 40 Pounds Basis: 600 - 1200 625 50.00-50.00 50.00 1200 or more 4500 69.50-70.00 69.72 Total Composite 5125 50.00-70.00 67.32 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 81959 at 48.91 All 40 Pound Feeder Pigs: 5125 at 67.32 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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