USDA Nat'l Direct Feeder Pigs
3/15 1:30 PM
USDA Nat'l Direct Feeder Pigs 03/15 13:30 NW_LS255 Des Moines, IA Fri Mar 15,2019 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Mar 15 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 50,325LAST WEEK: 109,799LAST YEAR: 75,864 VOLUME BY STATE OR PROVINCE OF ORIGIN: Manitoba 20.6%,Illinois 15.1%,Saskatchewan 11.9%, Colorado 8.7%,Iowa 8.5%,Oklahoma 8.1%, Indiana 4.9%,Alabama 4.6%,Missouri 4.2%, Montana 3.0%,Ontario 2.4%,Ohio 2.2%, Minnesota 2.2%,Georgia 2.1%,South Dakota 1.5%, VOLUME BY STATE OF DESTINATION: Iowa 75.0%,Illinois 14.9%,Nebraska 5.8%, Michigan 2.2%,Alabama 2.1%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs steady. All feeder pigs steady. Demand moderate for light offerings. Receipts include 80% formulated prices. All Prices Quoted on Per Head Basis With An Estimated Lean Value of 50-54% Formula FormulaCash Cash Lot SizeHead Range Wtd Avg HeadRange Wtd Avg EARLY WEANED Pigs 10-12 Pounds Basis: 600 or less300 40.00-40.00 40.00 600 - 1200 513638.80-42.00 40.35 2650 33.00-44.50 40.32 1200 or more3533934.12-51.43 41.47 3000 50.00-50.00 50.00 Total Composite4047534.12-51.43 41.33 5950 33.00-50.00 45.18 FEEDER Pigs 40 Pounds Basis: 600 or less 500 68.00-68.00 68.00 600 - 1200 1000 67.00-67.00 67.00 1200 or more 2400 71.00-72.50 71.75 Total Composite 3900 67.00-72.50 70.05 Total Composite Weighted Average Receipts and Price (Formula and All Early Weaned Pigs: 46425 at 41.82 All 40 Pound Feeder Pigs: 3900 at 70.05 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 24 Hour recorded market information 515-284-4830
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