NW_LS255
Des Moines, IA   Fri Sep 18,2020   USDA-Iowa Dept of Ag Market News

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National Direct Delivered Feeder Pig Report: Week Ending Sep 18
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 124,897   LAST WEEK: 133,672     LAST YEAR: 107,088


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 21.3%,       Iowa 15.5%,           Manitoba 11.7%,
Nebraska 10.6%,       Missouri 9.8%,        Colorado 8.0%,
Saskatchewan 4.0%,    North Carolina 3.6%,  South Dakota 3.0%,
North Dakota 2.5%,    Arkansas 2.0%,        Alabama 1.8%,
Minnesota 1.6%,       Ontario 1.5%,         Montana 1.4%,
Ohio 1.0%,            Wyoming 0.8%,

VOLUME BY STATE OF DESTINATION:
Iowa 81.1%,           Minnesota 8.8%,       Nebraska 4.9%,
Michigan 3.4%,        South Dakota 1.4%,    Colorado 0.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 3.00 per head higher.
All feeder pigs 1.00 per head higher.  Demand good to moderate for
moderate offerings.  Receipts include 28% 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                                1037  23.00-27.00    24.93
600 - 1200                                11800  17.00-34.00    23.50
1200 or more    35547 25.29-40.50  35.08  69053  15.00-33.00    25.52
Total Composite 35547 25.29-40.50  35.08  81890  15.00-34.00    25.22

FEEDER Pigs 40 Pounds Basis:
600 or less                                2760  22.00-37.00    33.94
600 - 1200                                 2700  34.00-44.50    38.61
1200 or more                               2000  30.00-30.00    30.00
Total Composite                            7460  22.00-44.50    34.57

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     117437 at 28.20
          All 40 Pound Feeder Pigs:  7460 at 34.57


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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