USDA Nat'l Direct Feeder Pigs                      12/06 13:55
NW_LS255
Des Moines, IA   Fri Nov 29,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Nov 29
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 105,151   LAST WEEK: 121,934     LAST YEAR: 102,315


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 24.7%,       Manitoba 13.0%,       Iowa 11.4%,
Saskatchewan 8.9%,    South Dakota 7.3%,    Indiana 6.5%,
Colorado 5.8%,        Missouri 5.3%,        Oklahoma 3.9%,
Nebraska 3.3%,        Minnesota 2.7%,       Alabama 2.2%,
Montana 1.5%,         Ohio 1.2%,            Kentucky 1.1%,
Kansas 1.0%,

VOLUME BY STATE OF DESTINATION:
Iowa 68.9%,           Minnesota 12.2%,      Illinois 9.0%,
Nebraska 4.8%,        Michigan 2.4%,        Ohio 2.2%,
Pennsylvania 0.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 1.00 per head higher.
All feeder pigs 2.00 per head higher on light receipts.  Demand moderate
for moderate offerings. Receipts include 44% 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                                1850  19.00-34.00    25.89
600 - 1200                                 6750  28.00-32.00    30.01
1200 or more    46901 34.79-54.06  45.21  46300  27.00-43.00    34.74
Total Composite 46901 34.79-54.06  45.21  54900  19.00-43.00    33.86

FEEDER Pigs 40 Pounds Basis:
600 - 1200                                 1700  45.00-47.00    46.29
1200 or more                               1650  51.00-51.00    51.00
Total Composite                            3350  45.00-51.00    48.61

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     101801 at 39.09
          All 40 Pound Feeder Pigs:  3350 at 48.61


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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