NW_LS255
Des Moines, IA   Fri Oct 06,2017   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Oct 06
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 75,412    LAST WEEK: 83,956      LAST YEAR: 80,039


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 18.9%,       Iowa 18.3%,           Colorado 14.6%,
Illinois 12.9%,       Saskatchewan 6.6%,    Missouri 6.6%,
Oklahoma 5.4%,        South Dakota 3.6%,    Indiana 2.8%,
Alabama 2.5%,         Ontario 2.3%,         Ohio 1.8%,
Montana 1.8%,         Georgia 1.3%,         North Carolina 0.4%,

VOLUME BY STATE OF DESTINATION:
Iowa 65.3%,           Minnesota 16.1%,      Nebraska 7.1%,
Illinois 6.9%,        Michigan 1.8%,        Wisconsin 1.3%,
Georgia 1.3%,         Kansas 0.2%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 4.00 per head higher.
 All feeder pigs steady on light receipts.  Demand moderate for
moderate offerings. Receipts include 65% 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      3746 35.79-42.95  37.81   2650  22.00-27.00    25.58
600 - 1200      11542 36.93-41.77  39.53   5250  22.00-29.00    26.38
1200 or more    33724 31.63-44.00  39.45  17050  28.00-34.00    29.93
Total Composite 49012 31.63-44.00  39.34  24950  22.00-34.00    28.72

FEEDER Pigs 40 Pounds Basis:
600 or less                                 450  40.00-40.00    40.00
600 - 1200                                 1000  42.00-42.00    42.00
Total Composite                            1450  40.00-42.00    41.38

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     73962 at 35.76
          All 40 Pound Feeder Pigs:  1450 at 41.38


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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