USDA Nat'l Direct Feeder Pigs                      12/14 13:15
NW_LS255
Des Moines, IA   Fri Dec 14,2018   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Dec 14
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 87,579    LAST WEEK: 103,762     LAST YEAR: 62,782


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Colorado 15.8%,       Missouri 12.5%,       Illinois 10.4%,
Nebraska 7.7%,        Minnesota 7.6%,       Manitoba 7.5%,
Iowa 7.2%,            Saskatchewan 5.7%,    Oklahoma 4.7%,
South Dakota 4.0%,    Ontario 3.0%,         North Dakota 2.7%,
North Carolina 2.7%,  Alabama 2.4%,         Montana 1.7%,
Ohio 1.7%,            Indiana 1.6%,         Georgia 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 77.8%,           Minnesota 7.7%,       Illinois 7.4%,
Nebraska 2.7%,        Michigan 1.7%,        Indiana 1.6%,
Alabama 1.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 5.00 per head higher.
Feeder pigs 6.00 per head higher.  Demand moderate for moderate
offerings.  Receipts include 50% 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                                1100  44.00-49.00    46.73
600 - 1200       5175 41.75-50.21  46.60   5800  50.00-60.00    56.72
1200 or more    39054 37.00-57.76  46.00  27300  58.50-70.00    63.89
Total Composite 44229 37.00-57.76  46.07  34200  44.00-70.00    62.12

FEEDER Pigs 40 Pounds Basis:
600 or less                                1500  61.00-64.50    62.57
1200 or more                               7650  64.00-75.00    68.61
Total Composite                            9150  61.00-75.00    67.62

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     78429 at 53.07
          All 40 Pound Feeder Pigs:  9150 at 67.62


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