USDA Nat'l Direct Feeder Pigs                      02/15 13:30
NW_LS255
Des Moines, IA   Fri Feb 15,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Feb 15
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 115,680   LAST WEEK: 109,605     LAST YEAR: 86,914


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 13.9%,           Minnesota 12.2%,      Nebraska 11.5%,
Manitoba 10.8%,       Illinois 9.9%,        South Dakota 8.9%,
Colorado 8.8%,        Saskatchewan 7.4%,    Missouri 6.3%,
Oklahoma 3.5%,        Alabama 2.0%,         Montana 1.3%,
Ontario 1.0%,         Ohio 1.0%,            Georgia 1.0%,
North Dakota 0.5%,

VOLUME BY STATE OF DESTINATION:
Iowa 77.8%,           Minnesota 11.2%,      Illinois 5.2%,
Nebraska 3.2%,        Michigan 1.0%,        Alabama 1.0%,
South Dakota 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 1.00 per head lower.
All feeder pigs steady to weak.  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 or less                                1000  45.00-49.00    47.00
600 - 1200       7446 42.02-47.90  45.63   6575  47.00-61.00    55.92
1200 or more    40634 37.00-58.00  45.06  48250  45.50-60.00    55.21
Total Composite 48080 37.00-58.00  45.15  55825  45.00-61.00    55.15

FEEDER Pigs 40 Pounds Basis:
600 or less                                 775  60.00-64.00    62.71
1200 or more                              11000  62.00-78.00    70.07
Total Composite                           11775  60.00-78.00    69.58

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     103905 at 50.52
          All 40 Pound Feeder Pigs:  11775 at 69.58


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

1400C  BAT