National Direct Feeder Pig
NW_LS255
Des Moines, IA   Fri Apr 12,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Apr 12
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 87,467    LAST WEEK: 83,691      LAST YEAR: 70,040


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 17.0%,           Illinois 15.2%,       Manitoba 12.0%,
Colorado 9.5%,        Saskatchewan 9.2%,    Ontario 6.3%,
Minnesota 5.6%,       South Dakota 5.0%,    Oklahoma 4.7%,
Georgia 3.7%,         Montana 3.5%,         Alabama 2.6%,
Michigan 1.7%,        Ohio 1.5%,            Missouri 1.4%,
Nebraska 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 78.8%,           Minnesota 9.1%,       Illinois 5.9%,
Ohio 2.1%,            Michigan 1.5%,        Nebraska 1.5%,
Alabama 1.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 4.00
 per head higher.  Demand moderate for moderate offerings.  Receipts
include 51% 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                                1350  44.00-59.00    53.04
600 - 1200       1000 41.75-41.75  41.75   6700  54.00-69.00    61.53
1200 or more    44017 37.00-65.43  49.02  25150  50.00-73.00    67.31
Total Composite 45017 37.00-65.43  48.86  33200  44.00-73.00    65.56

FEEDER Pigs 40 Pounds Basis:
600 or less                                1050  86.00-105.00   97.14
600 - 1200                                 1050 102.00-102.00  102.00
1200 or more                               7150 100.00-102.00  100.35
Total Composite                            9250  86.00-105.00  100.17

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     78217 at 55.95
          All 40 Pound Feeder Pigs:  9250 at 100.17


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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