NW_LS255
Des Moines, IA   Fri Sep 25,2020   USDA-Iowa Dept of Ag Market News

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National Direct Delivered Feeder Pig Report: Week Ending Sep 25
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 107,476   LAST WEEK: 124,897     LAST YEAR: 94,883


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 22.7%,       Colorado 19.7%,       North Carolina 14.3%,
Missouri 10.0%,       Iowa 8.0%,            Saskatchewan 7.5%,
South Dakota 5.8%,    Manitoba 4.2%,        Indiana 2.6%,
Minnesota 2.3%,       Nebraska 1.4%,        Ontario 0.8%,
Montana 0.7%,

VOLUME BY STATE OF DESTINATION:
Iowa 72.4%,           Minnesota 8.8%,       Ohio 7.8%,
Nebraska 6.4%,        Illinois 4.6%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head higher.
All feeder pigs 7.00 per head higher.  Demand moderate for moderate
offerings.  Receipts include 37% 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                                1500  23.35-27.00    24.98
600 - 1200                                 7173  20.50-31.00    26.22
1200 or more    40299 28.22-44.00  38.68  40054  22.00-35.00    27.53
Total Composite 40299 28.22-44.00  38.68  48727  20.50-35.00    27.26

FEEDER Pigs 40 Pounds Basis:
600 or less                                2350  30.00-38.00    33.78
600 - 1200                                 1500  38.00-44.00    41.60
1200 or more                              14600  35.00-48.50    42.70
Total Composite                           18450  30.00-48.50    41.47

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     89026 at 32.43
          All 40 Pound Feeder Pigs:  18450 at 41.47


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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