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USDA-NW: National Direct Feeder Pig

Des Moines, IA - Fri Feb 09,2018 - USDA-Iowa Dept of Ag Market News


National Direct Delivered Feeder Pig Report: Week Ending Feb 09
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 79,602    LAST WEEK: 102,207     LAST YEAR: 84,126


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 19.8%,           Manitoba 12.4%,       South Dakota 12.2%,
Colorado 9.2%,        Indiana 7.0%,         Wisconsin 6.3%,
Illinois 6.3%,        Missouri 6.2%,        Oklahoma 5.2%,
Minnesota 4.5%,       Alabama 2.4%,         North Dakota 2.1%,
Montana 1.7%,         Ontario 1.5%,         Ohio 1.4%,
Georgia 1.3%,         Kansas 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 57.0%,           Minnesota 17.0%,      Illinois 9.7%,
Nebraska 3.5%,        Indiana 3.1%,         Missouri 2.8%,
Alabama 2.4%,         Michigan 1.4%,        South Dakota 1.4%,
Georgia 1.3%,         Kansas 0.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady.  All feeder
pigs 6.00 per head lower.  Demand moderate for 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      1869 46.07-51.35  48.55   1600  51.00-71.00    62.28
600 - 1200       9607 39.50-58.95  50.57   3526  59.00-75.00    68.07
1200 or more    23675 39.00-50.91  45.29  32300  60.00-84.00    73.25
Total Composite 35151 39.00-58.95  46.91  37426  51.00-84.00    72.29

FEEDER Pigs 40 Pounds Basis:
600 or less                                1575  78.00-82.00    80.73
600 - 1200                                 1000  81.00-81.00    81.00
1200 or more                               4450  78.00-88.50    83.64
Total Composite                            7025  78.00-88.50    82.61

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     72577 at 60.00
          All 40 Pound Feeder Pigs:  7025 at 82.61


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

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