USDA Nat'l Direct Feeder Pigs
4/03 3:30 PM
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 24 Hour recorded market information 515-284-4830 1400C BAT
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