NW_LS255
Des Moines, IA   Fri Oct 13,2017   USDA-Iowa Dept of Ag Market News

National Direct Delivered Feeder Pig Report: Week Ending Oct 13
Weekly Summary of prices on a delivered farm to farm basis.

RECEIPTS THIS WEEK: 88,564    LAST WEEK: 75,412      LAST YEAR: 84,034


VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 21.1%,       Iowa 19.3%,           Manitoba 12.8%,
Missouri 11.0%,       Colorado 6.9%,        Saskatchewan 6.2%,
Oklahoma 4.6%,        Ontario 3.6%,         Minnesota 3.3%,
Indiana 2.8%,         Ohio 2.4%,            Alabama 2.1%,
Montana 1.5%,         Kentucky 1.4%,        Georgia 1.1%,

VOLUME BY STATE OF DESTINATION:
Iowa 68.4%,           Illinois 10.7%,       Indiana 6.2%,
Minnesota 5.1%,       Michigan 3.9%,        Nebraska 3.3%,
Wisconsin 1.2%,       Georgia 1.1%,

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 3.00 per head higher.
 All feeder pigs 2.00 per head higher.  Demand moderate for moderate
offerings.  Receipts include 46% 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      2474 36.21-41.01  38.47   1500  20.00-29.00    25.10
600 - 1200       6351 33.93-41.75  38.82   5446  25.50-33.00    30.71
1200 or more    31892 33.02-44.00  39.83  34980  27.00-38.00    32.96
Total Composite 40717 33.02-44.00  39.59  41926  20.00-38.00    32.38

FEEDER Pigs 40 Pounds Basis:
600 or less                                1715  38.00-45.00    42.10
600 - 1200                                 1200  45.00-45.00    45.00
1200 or more                               3006  40.00-45.00    42.99
Total Composite                            5921  38.00-45.00    43.14

Total Composite Weighted Average Receipts and Price (Formula and Cash):
          All Early Weaned Pigs:     82643 at 35.93
          All 40 Pound Feeder Pigs:  5921 at 43.14


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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