NW_LS255
Des Moines, IA   Fri Jun 14,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jun 14
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 90,690    LAST WEEK: 95,222      LAST YEAR: 88,497


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 15.5%,       Colorado 15.1%,       Nebraska 10.3%,
Iowa 10.0%,           Saskatchewan 9.9%,    Manitoba 9.2%,
Missouri 6.5%,        Minnesota 5.1%,       Oklahoma 4.5%,
South Dakota 3.4%,    Alabama 2.6%,         Montana 1.6%,
Ohio 1.6%,            Indiana 1.4%,         Kansas 1.3%,
Georgia 1.2%,         Wisconsin 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 76.2%,           Minnesota 12.6%,      Ohio 3.8%,
Michigan 2.5%,        Indiana 2.0%,         Nebraska 1.7%,
Alabama 1.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head lower.
All feeder pigs steady.  Demand moderate for moderate offerings.
Receipts include 54% 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                                 425  33.00-33.00    33.00
600 - 1200       3014 41.75-43.59  42.92   6900  30.00-45.00    35.24
1200 or more    45901 37.00-49.75  43.62  25600  30.00-42.00    36.02
Total Composite 48915 37.00-49.75  43.58  32925  30.00-45.00    35.81

FEEDER Pigs 40 Pounds Basis:
600 or less                                2150  64.00-67.00    65.44
600 - 1200                                 1800  59.50-63.00    61.44
1200 or more                               4900  62.00-64.00    62.49
Total Composite                            8850  59.50-67.00    62.99

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     81840 at 40.46
          All 40 Pound Feeder Pigs:  8850 at 62.99


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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