USDA Nat'l Direct Feeder Pigs                      06/21 13:20
NW_LS255
Des Moines, IA   Fri Jun 21,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jun 21
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 72,907    LAST WEEK: 90,690      LAST YEAR: 89,396


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Iowa 17.2%,           Colorado 15.3%,       Illinois 14.5%,
Manitoba 11.9%,       Missouri 9.5%,        Saskatchewan 6.9%,
Nebraska 5.8%,        Oklahoma 5.6%,        Indiana 4.9%,
Alabama 3.3%,         Montana 2.1%,         Georgia 1.5%,
Wisconsin 1.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 72.1%,           Illinois 12.3%,       Nebraska 8.1%,
Minnesota 3.8%,       Indiana 2.2%,         Alabama 1.5%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady with best market
early in the week.  All feeder pigs 9.00 per head lower.  Demand light to
 moderate for moderate offerings.  Receipts include 58% 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                                 350  27.00-27.00    27.00
600 - 1200       4893 40.08-43.53  41.76   5350  28.00-39.00    34.33
1200 or more    37739 37.00-50.23  43.22  20550  32.00-43.00    37.29
Total Composite 42632 37.00-50.23  43.06  26250  27.00-43.00    36.55

FEEDER Pigs 40 Pounds Basis:
600 or less                                1375  51.00-62.00    54.56
600 - 1200                                  650  50.00-50.00    50.00
1200 or more                               2000  55.00-55.00    55.00
Total Composite                            4025  50.00-62.00    54.04

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     68882 at 40.58
          All 40 Pound Feeder Pigs:  4025 at 54.04


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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