USDA Nat'l Direct Feeder Pigs                      04/19 13:15
NW_LS255
Des Moines, IA   Fri Apr 19,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Apr 19
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 112,810   LAST WEEK: 87,467      LAST YEAR: 106,260


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 25.6%,       Iowa 17.9%,           Illinois 17.2%,
Colorado 6.7%,        Saskatchewan 6.1%,    Nebraska 5.3%,
Missouri 4.2%,        Oklahoma 3.6%,        Georgia 2.7%,
Alabama 2.1%,         Ontario 1.8%,         Ohio 1.6%,
Montana 1.4%,         South Dakota 1.3%,    Kentucky 1.1%,
Minnesota 0.9%,       Indiana 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 81.4%,           Minnesota 8.6%,       Illinois 5.9%,
Ohio 2.1%,            Michigan 1.1%,        Alabama 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs fully steady.  All
feeder pigs steady on light receipts.  Demand moderate for moderate
offerings.  Receipts include 42%  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                                1500  60.00-72.00    66.67
600 - 1200       3712 41.75-66.56  49.46   7750  48.00-71.00    61.89
1200 or more    43448 37.00-76.50  50.70  51600  51.00-73.00    66.43
Total Composite 47160 37.00-76.50  50.61  60850  48.00-73.00    65.86

FEEDER Pigs 40 Pounds Basis:
600 - 1200                                 3600  95.50-102.00   98.82
1200 or more                               1200  93.00-93.00    93.00
Total Composite                            4800  93.00-102.00   97.36

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     108010 at 59.20
          All 40 Pound Feeder Pigs:  4800 at 97.36


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