National Direct Feeder Pig
NW_LS255

Des Moines, IA   Fri Mar 15,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Mar 15 
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 50,325	LAST WEEK: 109,799	LAST YEAR: 75,864

VOLUME BY STATE OR PROVINCE OF ORIGIN: 
Manitoba 20.6%,		Illinois 15.1%,		Saskatchewan 11.9%,
Colorado 8.7%,		Iowa 8.5%,		Oklahoma 8.1%,
Indiana 4.9%,		Alabama 4.6%,		Missouri 4.2%,
Montana 3.0%,		Ontario 2.4%,		Ohio 2.2%,
Minnesota 2.2%,		Georgia 2.1%,		South Dakota 1.5%,

VOLUME BY STATE OF DESTINATION: 
Iowa 75.0%,		Illinois 14.9%,		Nebraska 5.8%,
Michigan 2.2%,		Alabama 2.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady. All feeder
pigs steady.  Demand moderate for light offerings.
Receipts include 80% 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					300   40.00-40.00    40.00
600 - 1200	 5136	38.80-42.00   40.35    2650   33.00-44.50    40.32
1200 or more	35339	34.12-51.43   41.47    3000   50.00-50.00    50.00
Total Composite	40475	34.12-51.43   41.33    5950   33.00-50.00    45.18

FEEDER Pigs 40 Pounds Basis:
600 or less				        500   68.00-68.00    68.00
600 - 1200				       1000   67.00-67.00    67.00
1200 or more				       2400   71.00-72.50    71.75
Total Composite				       3900   67.00-72.50    70.05
 
Total Composite Weighted Average Receipts and Price (Formula and 
	All Early Weaned Pigs:     46425 at 41.82
	All 40 Pound Feeder Pigs:  3900 at 70.05

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