In this file:

 

·         Cash Weaner Pig Prices Average $56.79, Down $4.17 Last Week

Looking at hog sales in August 2019 using August 2019 futures the weaner breakeven was $61.88, down $3.14 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Feb 01

Weekly Summary of prices on a delivered farm to farm basis.

 

 

Cash Weaner Pig Prices Average $56.79, Down $4.17 Last Week

 

By Jennifer Brown, NutriQuest

via AgWeb - February 1, 2019

 

Looking at hog sales in August 2019 using August 2019 futures the weaner breakeven was $61.88, down $3.14 for the week. Feed costs were down $0.23 per head. August futures decreased $0.48 compared to last week’s August futures used for the crush and historical basis is declined from last week by $1.16 per cwt. Breakeven prices are based on closing futures prices on Feb. 1, 2019. The breakeven price is the estimated maximum you could pay for a weaner pig and breakeven when selling the finished hog.

 

Note that the weaner pig profitability calculations provide weekly insight into the relative value of pigs based on assumptions that may not be reflective of your individual situation. In addition, these calculations do not consider market supply and demand dynamics for weaner pigs and space availability.

 

From the National Direct Delivered Feeder Pig Report

 

Cash-traded weaner pig volume was above average this week with 42,801 head being reported which is 115% of the 52-week average. Cash prices were $56.79, down $4.17 from a week ago. The low to high range was $45.00 - $65.00. Formula-priced weaners were down $2.99 this week at $43.61.

 

Cash-traded feeder pig reported volume was above average with 10,753 head reported. Cash feeder pig reported prices were $70.11, down $1.34 per head from last week.

 

more, including table, charts

https://www.agweb.com/article/cash-weaner-pig-prices-average-5679-down-417-last-week/

 

 

Des Moines, IA   Fri Feb 01,2019   USDA-Iowa Dept of Ag Market News

 

National Direct Delivered Feeder Pig Report: Week Ending Feb 01

Weekly Summary of prices on a delivered farm to farm basis.

 

RECEIPTS THIS WEEK: 77,454    LAST WEEK: 105,945     LAST YEAR: 102,207

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 21.0%,       Iowa 16.3%,           Manitoba 13.8%,

Nebraska 7.1%,        Wisconsin 6.5%,       Colorado 5.8%,

Alabama 5.6%,         Oklahoma 5.3%,        Minnesota 4.1%,

Missouri 3.3%,        North Dakota 2.8%,    Montana 2.1%,

Indiana 1.7%,         South Dakota 1.6%,    Ohio 1.5%,

Georgia 1.4%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 72.8%,           Minnesota 9.3%,       Illinois 8.0%,

South Dakota 3.2%,    Nebraska 2.3%,        Michigan 1.5%,

Ohio 1.4%,            Alabama 1.4%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 4.00 per head lower.

All feeder pigs 1.00 per head lower.  Demand moderate for moderate

offerings.  Receipts include 31% 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                                2127  46.00-57.00    52.18

600 - 1200       6417 39.50-49.07  44.97   3250  52.00-58.00    55.78

1200 or more    17483 37.00-47.01  43.11  37424  45.00-65.00    57.14

Total Composite 23900 37.00-49.07  43.61  42801  45.00-65.00    56.79

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 600  60.00-60.00    60.00

600 - 1200                                 2853  64.00-73.00    69.18

1200 or more                               7300  65.00-73.00    71.30

Total Composite                           10753  60.00-73.00    70.11

 

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

          All Early Weaned Pigs:     66701 at 52.07

          All 40 Pound Feeder Pigs:  10753 at 70.11

 

 

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

 

source url

https://www.ams.usda.gov/mnreports/nw_ls255.txt