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USDA Nat'l Direct Feeder Pigs
9/25 2:41 PM
USDA Nat'l Direct Feeder Pigs 09/25 14:41 NW_LS255 Des Moines, IA Fri Sep 25,2020 USDA-Iowa Dept of Ag Market News NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible at: https://www.ams.usda.gov/mnreports/AMS_2810.pdf. If you would like to learn more about MARS and My Market News, please contact us at Websupport.lpgmn@ams.usda.gov. National Direct Delivered Feeder Pig Report: Week Ending Sep 25 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 107,476 LAST WEEK: 124,897 LAST YEAR: 94,883 VOLUME BY STATE OR PROVINCE OF ORIGIN: Illinois 22.7%, Colorado 19.7%, North Carolina 14.3%, Missouri 10.0%, Iowa 8.0%, Saskatchewan 7.5%, South Dakota 5.8%, Manitoba 4.2%, Indiana 2.6%, Minnesota 2.3%, Nebraska 1.4%, Ontario 0.8%, Montana 0.7%, VOLUME BY STATE OF DESTINATION: Iowa 72.4%, Minnesota 8.8%, Ohio 7.8%, Nebraska 6.4%, Illinois 4.6%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs 2.00 per head higher. All feeder pigs 7.00 per head higher. Demand moderate for moderate offerings. Receipts include 37% 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 1500 23.35-27.00 24.98 600 - 1200 7173 20.50-31.00 26.22 1200 or more 40299 28.22-44.00 38.68 40054 22.00-35.00 27.53 Total Composite 40299 28.22-44.00 38.68 48727 20.50-35.00 27.26 FEEDER Pigs 40 Pounds Basis: 600 or less 2350 30.00-38.00 33.78 600 - 1200 1500 38.00-44.00 41.60 1200 or more 14600 35.00-48.50 42.70 Total Composite 18450 30.00-48.50 41.47 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 89026 at 32.43 All 40 Pound Feeder Pigs: 18450 at 41.47 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
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