USDA Nat'l Direct Feeder Pigs                      05/29 13:31
NW_LS255
Des Moines, IA   Fri May 29,2020   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending May 29
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 89,212    LAST WEEK: 117,574     LAST YEAR: 75,839


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 19.5%,       Illinois 15.6%,       South Dakota 12.1%,
Nebraska 12.0%,       Minnesota 12.0%,      Colorado 8.7%,
Missouri 7.7%,        Saskatchewan 5.6%,    Iowa 4.6%,
Indiana 1.3%,         Ohio 0.8%,

VOLUME BY STATE OF DESTINATION:
Iowa 74.8%,           Minnesota 17.3%,      Michigan 2.2%,
Nebraska 1.3%,        Indiana 1.3%,         South Dakota 1.2%,
Ohio 0.8%,            Colorado 0.7%,        Texas 0.3%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady.  All feeder pigs
 1.00 per head lower.  Demand light for moderate to heavy offerings.
Receipts include 36% 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                                 780   1.00-5.00      2.44
600 - 1200       2200 21.52-39.50  31.23   4900   6.00-9.00      7.19
1200 or more    30302  7.03-40.49  27.68  42330   3.00-11.00     7.12
Total Composite 32502  7.03-40.49  27.92  48010   1.00-11.00     7.05

FEEDER Pigs 40 Pounds Basis:
600 or less                                2100  14.00-21.00    16.24
600 - 1200                                 1800  15.00-16.00    15.58
1200 or more                               4800  17.00-21.00    18.71
Total Composite                            8700  14.00-21.00    17.47

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     80512 at 15.47
          All 40 Pound Feeder Pigs:  8700 at 17.47


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