National Direct Feeder Pig
NW_LS255
Des Moines, IA   Fri Feb 08,2019   USDA-Iowa Dept of Ag Market News

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

RECEIPTS THIS WEEK: 109,605   LAST WEEK: 77,454      LAST YEAR: 79,602


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 26.2%,       Manitoba 11.4%,       Colorado 8.3%,
Ontario 7.3%,         Nebraska 6.6%,        Missouri 5.6%,
Minnesota 5.4%,       Iowa 5.2%,            Saskatchewan 5.0%,
Indiana 4.7%,         Alabama 4.3%,         Oklahoma 3.7%,
South Dakota 2.3%,    Montana 1.4%,         Ohio 1.1%,
Georgia 1.0%,         Arkansas 0.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 79.5%,           Illinois 6.1%,        Minnesota 5.9%,
Ohio 2.1%,            Wisconsin 1.5%,       Indiana 1.2%,
Michigan 1.1%,        Kansas 1.1%,          Alabama 1.0%,
Nebraska 0.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady.  All feeder pigs
 1.00  per head lower.  Demand moderate for moderate offerings.  Receipts
 include 41% 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       3640 42.02-43.33  42.93   5350  52.00-59.00    55.06
1200 or more    41938 37.00-56.79  46.62  47752  48.50-66.50    56.70
Total Composite 45578 37.00-56.79  46.33  53102  48.50-66.50    56.53

FEEDER Pigs 40 Pounds Basis:
600 or less                                1575  63.00-69.00    65.27
600 - 1200                                 2050  63.00-64.00    63.46
1200 or more                               7300  64.00-75.50    71.40
Total Composite                           10925  63.00-75.50    69.03

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     98680 at 51.82
          All 40 Pound Feeder Pigs:  10925 at 69.03


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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