Agricultural Marketing

Iowa Direct Feeder Pig Report

NW_LS255

Des Moines, IA   Fri Jul 12, 2013   USDA-Iowa Dept of Ag Market News

 

National Direct Delivered Feeder Pig Report: Week Ending Jul 12 Weekly Summary of prices on a delivered farm to farm basis.

 

RECEIPTS THIS WEEK: 80,979    LAST WEEK: 71,623      LAST YEAR: 96,899

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Iowa 16.2%,           Indiana 15.0%,        Illinois 12.4%,

Oklahoma 11.9%,       Minnesota 10.8%,      Manitoba 9.0%,

Saskatchewan 5.6%,    Colorado 5.4%,        Missouri 4.9%,

North Carolina 2.5%,  Kansas 2.0%,          Montana 1.5%,

Nebraska 1.4%,        Ontario 0.9%,         Michigan 0.5%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 59.4%,           Minnesota 11.1%,      Illinois 6.8%,

Indiana 6.3%,         South Dakota 5.6%,    Kansas 2.6%,

Ohio 2.5%,            Nebraska 2.0%,        Oklahoma 1.9%,

Pennsylvania 0.9%,    Wisconsin 0.7%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 1.00 per head higher.

 All feeder pigs steady.  Demand moderate on moderate offerings.

Receipts include 42% 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                                  500 31.00-31.00 31.00

600 - 1200       9041 32.06-43.35  35.54    5650 29.50-32.00 30.59

1200 or more    25463 31.15-48.00  39.68   28275 31.00-35.00 32.27

Total Composite 34504 31.15-48.00  38.60   34425 29.50-35.00 31.97

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 2675 46.00-54.00 50.71

600 - 1200                                  2950 51.50-55.00 52.95

1200 or more                                6425 43.00-54.00 49.16

Total Composite                            12050 43.00-55.00 50.43

 

Total Composite Weighted Average Receipts and Price (Formula and Cash):

          All Early Weaned Pigs:     68929 at 35.29

          All 40 Pound Feeder Pigs:  12050 at 50.43

 

 

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