USDA Nat'l Direct Feeder Pigs                      04/03 15:30
NW_LS255
Des Moines, IA   Fri Apr 03,2020   USDA-Iowa Dept of Ag Market News

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

RECEIPTS THIS WEEK: 101,486   LAST WEEK: 110,753     LAST YEAR: 83,691


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 22.3%,       Manitoba 15.7%,       North Carolina 11.7%,
Missouri 11.3%,       Colorado 9.5%,        Iowa 7.7%,
South Dakota 6.2%,    Saskatchewan 4.9%,    Minnesota 2.4%,
Wisconsin 2.3%,       Indiana 2.1%,         Montana 1.5%,
Ohio 1.4%,            Nebraska 0.5%,        Kentucky 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 62.7%,           Minnesota 10.4%,      Illinois 10.3%,
Ohio 4.7%,            South Dakota 3.8%,    Michigan 2.6%,
Nebraska 2.4%,        Missouri 2.0%,        Indiana 0.8%,
Wisconsin 0.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 6.00 per head lower.  No
 feeder pigs reported for a market test.  Demand light to 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                                2363   2.00-20.00     9.82
600 - 1200                                 5600   8.00-14.00     9.71
1200 or more    44791 26.14-42.40  35.39  48732   2.00-19.00    10.31
Total Composite 44791 26.14-42.40  35.39  56695   2.00-20.00    10.23

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     101486 at 21.33


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