USDA Nat'l Direct Feeder Pigs
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7/31 1:16 PM
USDA Nat'l Direct Feeder Pigs 07/31 13:16 NW_LS255 Des Moines, IA Fri Jul 31,2020 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Jul 31 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 124,923 LAST WEEK: 124,110 LAST YEAR: 108,025 VOLUME BY STATE OR PROVINCE OF ORIGIN: Illinois 21.3%, Iowa 15.9%, South Dakota 13.0%, Manitoba 8.9%, Colorado 8.3%, North Carolina 8.2%, Saskatchewan 6.5%, Missouri 5.9%, Indiana 4.4%, Minnesota 4.2%, Nebraska 2.2%, Montana 1.3%, VOLUME BY STATE OF DESTINATION: Iowa 87.7%, Minnesota 6.2%, Indiana 2.9%, Nebraska 1.9%, Colorado 1.3%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs steady to 1.00 per head higher. All feeder pigs steady to firm. Demand moderate for moderate to heavy offerings. Receipts include 29% 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 10.00-10.00 10.00 600 - 1200 8505 3.00-16.00 6.63 1200 or more 36723 11.45-42.71 31.27 71070 2.00-18.00 9.67 Total Composite 36723 11.45-42.71 31.27 79925 2.00-18.00 9.35 FEEDER Pigs 40 Pounds Basis: 600 or less 3275 10.00-23.00 15.18 1200 or more 5000 16.00-18.00 17.00 Total Composite 8275 10.00-23.00 16.28 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 116648 at 16.25 All 40 Pound Feeder Pigs: 8275 at 16.28 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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