National Direct Feeder Pig
NW_LS255
Des Moines, IA   Fri Jan 11,2019   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Jan 11
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 77,667    LAST WEEK: 88,817      LAST YEAR: 79,169


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 20.7%,       South Dakota 11.1%,   Iowa 10.7%,
Indiana 8.2%,         Saskatchewan 8.0%,    Missouri 7.4%,
Nebraska 6.6%,        Oklahoma 5.3%,        Colorado 3.7%,
Illinois 3.1%,        Minnesota 3.1%,       Alabama 2.8%,
Alberta 2.7%,         Montana 2.0%,         Ohio 1.7%,
Ontario 1.4%,         Georgia 1.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 63.9%,           Illinois 10.9%,       Minnesota 9.2%,
Nebraska 7.2%,        Indiana 4.8%,         Michigan 1.7%,
Alabama 1.4%,         Missouri 0.9%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 1.00
 per head lower.  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                                 825  50.00-61.00    56.33
600 - 1200       1100 42.02-42.02  42.02   6175  50.00-62.00    58.32
1200 or more    32962 37.00-66.00  47.40  29475  60.00-71.00    65.12
Total Composite 34062 37.00-66.00  47.23  36475  50.00-71.00    63.77

FEEDER Pigs 40 Pounds Basis:
600 or less                                1480  63.00-72.00    68.81
600 - 1200                                 1100  74.00-74.00    74.00
1200 or more                               4550  67.00-76.50    71.91
Total Composite                            7130  63.00-76.50    71.59

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     70537 at 55.78
          All 40 Pound Feeder Pigs:  7130 at 71.59


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