National Direct Feeder Pig
NW_LS255
Des Moines, IA   Fri Dec 13,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Dec 13
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 135,371   LAST WEEK: 140,245     LAST YEAR: 87,579


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 19.7%,       Illinois 19.2%,       Missouri 12.7%,
Colorado 11.1%,       Iowa 8.4%,            Minnesota 6.6%,
South Dakota 6.0%,    Saskatchewan 6.0%,    Indiana 4.1%,
North Carolina 3.0%,  Alabama 1.7%,         Montana 1.1%,
Nebraska 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 78.5%,           Minnesota 13.0%,      Nebraska 3.5%,
Ohio 2.6%,            Missouri 1.8%,        Tennessee 0.4%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 4.00
 per head higher. 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       1826 40.50-40.50  40.50   5700  32.00-44.00    36.42
1200 or more    53595 35.50-49.35  44.58  61000  26.50-46.00    39.28
Total Composite 55421 35.50-49.35  44.45  66700  26.50-46.00    39.04

FEEDER Pigs 40 Pounds Basis:
600 or less                                2850  40.50-50.00    45.89
600 - 1200                                 2200  45.00-46.00    45.55
1200 or more                               8200  53.00-64.00    57.29
Total Composite                           13250  40.50-64.00    52.89

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     122121 at 41.49
          All 40 Pound Feeder Pigs:  13250 at 52.89


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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