Agricultural Marketing

Iowa Direct Feeder Pig Report

 

 

 

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Des Moines, IA   Fri May 11, 2012   USDA-Iowa Dept of Ag Market News

 

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

 

RECEIPTS THIS WEEK: 104,965   LAST WEEK: 84,929      LAST YEAR: 105,111

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Indiana 18.5%,        Manitoba 17.3%,       Iowa 10.4%,

Oklahoma 10.2%,       Colorado 7.5%,        Illinois 7.5%,

Minnesota 5.9%,       North Dakota 4.8%,    Missouri 4.5%,

Nebraska 4.0%,        Wisconsin 3.6%,       North Carolina 2.1%,

Kansas 1.2%,          Montana 1.1%,         Ohio 1.0%,

South Dakota 0.6%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 45.1%,           Illinois 17.3%,       Minnesota 16.6%,

Indiana 16.2%,        Ohio 2.2%,            Nebraska 2.1%,

South Dakota 0.5%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs

3.00 per head lower.  Demand light for moderate offerings.  Receipts include 54% 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      1800 35.48-41.14  37.76    2825 17.00-33.00 25.49

600 - 1200      13241 29.40-45.00  37.94    4430 24.00-31.40 26.71

1200 or more    42544 31.18-46.00  39.34   24150 20.00-33.00 26.42

Total Composite 57585 29.40-46.00  38.97   31405 17.00-33.00 26.38

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 2825 45.00-57.00 51.65

600 - 1200                                  4550 47.00-56.00 53.36

1200 or more                                8600 45.50-63.00 53.65

Total Composite                            15975 45.00-63.00 53.21

 

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

          All Early Weaned Pigs:     88990 at 34.53

          All 40 Pound Feeder Pigs:  15975 at 53.21

 

 

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

 

 

1400C  BAT

 

 

 

 

 

 

 

 

 

 

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