USDA Nat'l Direct Feeder Pigs                      09/20 13:25
NW_LS255
Des Moines, IA   Fri Sep 20,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Sep 20
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 107,088   LAST WEEK: 118,888     LAST YEAR: 112,006


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 26.8%,       Iowa 14.1%,           Manitoba 13.9%,
Indiana 10.6%,        Colorado 8.4%,        Minnesota 8.1%,
South Dakota 4.7%,    Oklahoma 3.8%,        Missouri 3.0%,
Alabama 2.2%,         Montana 1.5%,         Ohio 1.4%,
Nebraska 1.0%,        Ontario 0.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 78.5%,           Minnesota 12.2%,      Illinois 5.6%,
Michigan 2.7%,        Nebraska 1.0%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 5.00 per head higher.
All feeder pigs 1.00 per head higher.  Demand moderate for moderate
offerings. Receipts include 34% 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                                1625  20.00-31.00    27.62
600 - 1200       5103 41.01-45.63  43.61   7600  15.00-32.00    25.68
1200 or more    31610 28.61-45.25  39.99  56525  21.00-39.00    31.97
Total Composite 36713 28.61-45.63  40.50  65750  15.00-39.00    31.13

FEEDER Pigs 40 Pounds Basis:
600 or less                                1625  34.00-46.00    39.91
600 - 1200                                  600  42.00-42.00    42.00
1200 or more                               2400  39.00-39.00    39.00
Total Composite                            4625  34.00-46.00    39.71

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     102463 at 34.49
          All 40 Pound Feeder Pigs:  4625 at 39.71


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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