USDA Nat'l Direct Feeder Pigs
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5/17 1:10 PM
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
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