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USDA-NW: National Direct Feeder Pig

Des Moines, IA - Fri Nov 10,2017 - USDA-Iowa Dept of Ag Market News


National Direct Delivered Feeder Pig Report: Week Ending Nov 10
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 66,753    LAST WEEK: 99,952      LAST YEAR: 92,288


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 18.9%,       Michigan 12.9%,       Manitoba 11.8%,
Missouri 8.1%,        Saskatchewan 7.5%,    Iowa 6.3%,
Oklahoma 6.1%,        Ohio 5.5%,            Colorado 5.2%,
South Dakota 4.5%,    Minnesota 4.2%,       Alabama 2.5%,
Montana 2.1%,         Ontario 2.1%,         Georgia 1.5%,
Indiana 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 77.3%,           Minnesota 11.3%,      Illinois 7.1%,
Indiana 2.1%,         Georgia 1.5%,         Pennsylvania 0.7%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady to 1.00 per
head higher.  All feeder pigs 1.00 per head higher.  Demand good for
moderate offerings.  Receipts include 47% 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       348 38.97-38.97  38.97   1400  30.00-47.50    40.00
600 - 1200       5682 40.03-45.60  42.78   8028  25.00-48.00    41.02
1200 or more    25173 37.25-46.00  41.65  11417  35.00-50.00    44.10
Total Composite 31203 37.25-46.00  41.83  20845  25.00-50.00    42.64

FEEDER Pigs 40 Pounds Basis:
600 or less                                2905  45.00-58.00    52.44
600 - 1200                                 1000  51.00-51.00    51.00
1200 or more                              10800  55.00-59.00    56.22
Total Composite                           14705  45.00-59.00    55.12

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     52048 at 42.15
          All 40 Pound Feeder Pigs:  14705 at 55.12


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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