USDA Nat'l Direct Feeder Pigs                      07/12 14:10
NW_LS255
Des Moines, IA   Fri Jul 12,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jul 12
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 97,487    LAST WEEK: 115,894     LAST YEAR: 89,219


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 25.7%,       Illinois 25.2%,       Colorado 10.2%,
Iowa 8.1%,            South Dakota 7.4%,    Saskatchewan 5.4%,
Oklahoma 4.2%,        Minnesota 3.8%,       Indiana 2.6%,
Alabama 2.5%,         Nebraska 2.2%,        Montana 1.6%,
Georgia 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 71.6%,           Minnesota 9.7%,       Illinois 7.7%,
Nebraska 5.1%,        Michigan 2.5%,        Ohio 2.3%,
Alabama 1.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs
steady.  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                                 800  23.00-29.00    26.00
600 - 1200       1100 44.06-44.06  44.06   7220  19.00-31.00    26.87
1200 or more    47342 34.28-51.06  40.43  28975  27.00-41.00    33.85
Total Composite 48442 34.28-51.06  40.51  36995  19.00-41.00    32.32

FEEDER Pigs 40 Pounds Basis:
600 or less                                2800  43.00-56.00    48.41
600 - 1200                                 1200  49.00-49.00    49.00
1200 or more                               8050  45.00-57.00    51.88
Total Composite                           12050  43.00-57.00    50.79

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     85437 at 36.97
          All 40 Pound Feeder Pigs:  12050 at 50.79


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