NW_LS255
Des Moines, IA   Fri Jul 19,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jul 19
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 121,343   LAST WEEK: 97,487      LAST YEAR: 73,657


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 23.3%,       Manitoba 13.6%,       Colorado 10.0%,
Iowa 8.6%,            South Dakota 7.9%,    Missouri 7.6%,
Nebraska 7.5%,        Saskatchewan 4.5%,    Kansas 4.1%,
Minnesota 3.7%,       Oklahoma 3.4%,        Alabama 2.0%,
Montana 1.1%,         Indiana 1.0%,         Georgia 0.9%,
Ontario 0.4%,         Kentucky 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 81.9%,           Minnesota 12.0%,      Illinois 5.2%,
Alabama 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 1.00 to 2.00 per head
higher.  All feeder pigs 3.00 per head lower.  Demand moderate for
moderate offerings.  Receipts include 45% 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       900 33.32-42.00  37.18    781  23.00-30.00    28.35
600 - 1200       3786 41.15-44.06  42.00   3770  24.00-31.25    29.31
1200 or more    50507 31.07-45.25  39.31  56804  29.00-40.00    34.44
Total Composite 55193 31.07-45.25  39.46  61355  23.00-40.00    34.05

FEEDER Pigs 40 Pounds Basis:
600 or less                                2345  43.00-53.00    46.49
1200 or more                               2450  49.00-49.00    49.00
Total Composite                            4795  43.00-53.00    47.77

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     116548 at 36.61
          All 40 Pound Feeder Pigs:  4795 at 47.77


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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