USDA Nat'l Direct Feeder Pigs                      05/17 13:10
NW_LS255
Des Moines, IA   Fri May 17,2019   USDA-Iowa Dept of Ag Market News

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

RECEIPTS THIS WEEK: 97,964    LAST WEEK: 99,320      LAST YEAR: 96,864


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 14.6%,       South Dakota 10.8%,   Iowa 10.7%,
Illinois 10.0%,       Indiana 9.4%,         Colorado 7.1%,
Missouri 5.5%,        Saskatchewan 5.4%,    Minnesota 4.8%,
Alabama 4.7%,         Oklahoma 4.2%,        Nebraska 3.6%,
Ontario 3.2%,         Wisconsin 2.1%,       Montana 1.5%,
Ohio 1.4%,            Georgia 1.0%,

VOLUME BY STATE OF DESTINATION:
Iowa 75.7%,           Minnesota 12.0%,      Illinois 6.7%,
Michigan 2.6%,        Nebraska 1.9%,        Alabama 1.0%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head lower.
All feeder pigs 7.00 per head lower.   Demand moderate for moderate
offerings.  Receipts include 43%  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                                 375  58.00-58.00    58.00
600 - 1200       1000 41.75-41.75  41.75   2025  45.00-46.00    45.59
1200 or more    41214 37.00-66.36  49.87  41650  43.00-65.00    55.99
Total Composite 42214 37.00-66.36  49.68  44050  43.00-65.00    55.53

FEEDER Pigs 40 Pounds Basis:
600 or less                                1650  86.50-93.00    90.14
600 - 1200                                 2300  68.00-81.00    74.22
1200 or more                               7750  76.50-92.00    82.66
Total Composite                           11700  68.00-93.00    82.06

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     86264 at 52.67
          All 40 Pound Feeder Pigs:  11700 at 82.06


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