USDA Nat'l Direct Feeder Pigs                      07/02 13:16
NW_LS255
Des Moines, IA   Fri Jul 03,2020   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jul 03
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 68,769    LAST WEEK: 82,535      LAST YEAR: 115,894


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 21.3%,       Minnesota 15.8%,      Colorado 13.9%,
Missouri 11.8%,       Saskatchewan 10.9%,   North Carolina 10.5%,
Manitoba 6.4%,        South Dakota 4.4%,    Ohio 2.5%,
Montana 2.3%,         Iowa 0.2%,

VOLUME BY STATE OF DESTINATION:
Iowa 75.7%,           Minnesota 16.3%,      Colorado 3.6%,
Michigan 2.5%,        South Dakota 1.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady to mostly weak.  Demand light for heavy offerings.  Receipts
include 40% 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                                 740   1.00-9.00      3.59
1200 or more    27880  9.62-40.50  27.63  38999   1.00-12.00     5.59
Total Composite 27880  9.62-40.50  27.63  39739   1.00-12.00     5.55

FEEDER Pigs 40 Pounds Basis:
600 or less                                1150   8.00-15.50    14.52
Total Composite                            1150   8.00-15.50    14.52

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     67619 at 14.66
          All 40 Pound Feeder Pigs:  1150 at 14.52


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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