National Direct Feeder Pig
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

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