USDA Nat'l Direct Feeder Pigs                      11/08 13:15
NW_LS255
Des Moines, IA   Fri Nov 08,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Nov 08
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 141,902   LAST WEEK: 178,806     LAST YEAR: 104,118


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 21.5%,       Illinois 15.7%,       Iowa 11.2%,
Indiana 11.1%,        Colorado 8.4%,        Minnesota 7.8%,
Nebraska 6.1%,        South Dakota 5.4%,    Saskatchewan 3.5%,
Missouri 3.4%,        Oklahoma 2.9%,        Alabama 1.6%,
Kansas 0.8%,          Ohio 0.6%,

VOLUME BY STATE OF DESTINATION:
Iowa 83.4%,           Minnesota 5.7%,       Illinois 3.9%,
Nebraska 2.2%,        Ohio 1.6%,            Michigan 1.4%,
Indiana 1.3%,         Wisconsin 0.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 1.00 per head higher.
All feeder pigs steady. Demand moderate for moderate offerings. Receipts
include 38% 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 - 1200       1800 31.87-31.87  31.87   5900  28.00-36.00    31.19
1200 or more    52408 29.00-49.68  41.75  75300  22.00-38.00    31.01
Total Composite 54208 29.00-49.68  41.43  81200  22.00-38.00    31.02

FEEDER Pigs 40 Pounds Basis:
600 or less                                 800  42.00-44.00    43.00
600 - 1200                                 1417  37.75-44.00    41.13
1200 or more                               4277  44.00-48.00    46.08
Total Composite                            6494  37.75-48.00    44.62

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     135408 at 35.19
          All 40 Pound Feeder Pigs:  6494 at 44.62


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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