USDA Nat'l Direct Feeder Pigs                      01/17 12:30
NW_LS255
Des Moines, IA   Fri Jan 17,2020   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jan 17
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 111,177   LAST WEEK: 133,403     LAST YEAR: 103,274


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 18.9%,       Manitoba 12.6%,       Missouri 11.2%,
Iowa 9.2%,            South Dakota 8.7%,    Indiana 8.5%,
Colorado 8.5%,        Saskatchewan 7.8%,    North Carolina 4.1%,
Minnesota 3.3%,       Alabama 2.1%,         Arkansas 2.0%,
Nebraska 1.8%,        Ohio 1.2%,

VOLUME BY STATE OF DESTINATION:
Iowa 74.2%,           Minnesota 7.7%,       Indiana 4.7%,
Nebraska 4.3%,        Michigan 3.9%,        Illinois 3.1%,
Ohio 2.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady to 1.00 per head lower.  Demand moderate for moderate offerings.
Receipts include 52% 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                                1000  52.00-52.00    52.00
600 - 1200                                 5075  47.00-59.00    54.62
1200 or more    58332 40.50-76.50  53.03  38645  56.00-69.00    61.76
Total Composite 58332 40.50-76.50  53.03  44720  47.00-69.00    60.73

FEEDER Pigs 40 Pounds Basis:
600 or less                                2425  57.00-65.00    61.71
600 - 1200                                 2800  65.00-65.00    65.00
1200 or more                               2900  67.00-75.00    70.31
Total Composite                            8125  57.00-75.00    65.91

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     103052 at 56.37
          All 40 Pound Feeder Pigs:  8125 at 65.91


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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