USDA Nat'l Direct Feeder Pigs
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8/22 1:10 PM
USDA Nat'l Direct Feeder Pigs 08/22 13:10 NW_LS255 Des Moines, IA Fri Aug 22,2014 USDA-Iowa Dept of Ag Market News National Direct Delivered Feeder Pig Report: Week Ending Aug 22 Weekly Summary of prices on a delivered farm to farm basis. RECEIPTS THIS WEEK: 92,612 LAST WEEK: 67,081 LAST YEAR: 77,155 VOLUME BY STATE OR PROVINCE OF ORIGIN: Nebraska 23.7%, Missouri 12.9%, Manitoba 11.9%, Illinois 10.7%, Iowa 6.2%, Colorado 6.2%, Oklahoma 4.4%, Saskatchewan 4.4%, Indiana 3.9%, Kentucky 3.3%, Ohio 2.8%, Kansas 2.6%, Minnesota 2.4%, Montana 1.4%, North Dakota 1.3%, South Dakota 1.1%, Georgia 0.8%, VOLUME BY STATE OF DESTINATION: Iowa 64.4%, Minnesota 12.8%, Illinois 6.3%, Indiana 5.7%, Nebraska 5.0%, Michigan 2.8%, Kansas 1.8%, Wisconsin 1.1%, TRENDS COMPARED TO LAST WEEK: Early weaned pigs 4.00 per head lower. All feeder pigs 25.00 per head lower. With most bids at the low end of the range late in the week. Demand light for moderate offerings. Receipts include 53% 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 2808 41.80-51.98 47.05 1475 50.00-57.00 52.49 600 - 1200 7673 39.48-54.91 48.26 5340 48.00-72.00 58.34 1200 or more 37753 37.50-64.49 47.51 28315 52.00-71.00 57.60 Total Composite 48234 37.50-64.49 47.61 35130 48.00-72.00 57.49 FEEDER Pigs 40 Pounds Basis: 600 or less 878103.90-103.90103.90 1150 70.00-95.00 79.24 600 - 1200 3220 75.00-101.00 82.83 1200 or more 4000 75.00-75.00 75.00 Total Composite 878103.90-103.90103.90 8370 70.00-101.00 78.59 Total Composite Weighted Average Receipts and Price (Formula and Cash): All Early Weaned Pigs: 83364 at 51.77 All 40 Pound Feeder Pigs: 9248 at 81.00 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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