In this file:

 

·         Cash Feeder Pig Prices Average $69.03, Down $1.08 Last Week

Looking at hog sales in August 2019 using August 2019 futures, the weaner breakeven was $59.27, down $2.62 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Feb 08

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

 

 

Cash Feeder Pig Prices Average $69.03, Down $1.08 Last Week

 

By Jennifer Brown, NutriQuest

via AgWeb - February 8, 2019

 

Looking at hog sales in August 2019 using August 2019 futures, the weaner breakeven was $59.27, down $2.62 for the week. Feed costs were down $0.61 per head. August futures decreased $1.58 compared to last week’s August futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on February 8, 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 53,102 head being reported which is 142% of the 52-week average. Cash prices were $56.53, down $0.26 from a week ago. The low to high range was $48.50 - $66.50. Formula-priced weaners were up $2.72 this week at $46.33.

 

Cash-traded feeder pig reported volume was above average with 10,925 head reported. Cash feeder pig reported prices were $69.03, down $1.08 per head from last week.

 

more, including table, graphs

https://www.agweb.com/article/cash-feeder-pig-prices-average-6903-down-108-last-week/

 

 

National Direct Delivered Feeder Pig Report: Week Ending Feb 08

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

 

Des Moines, IA   Fri Feb 08,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 109,605   LAST WEEK: 77,454      LAST YEAR: 79,602

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 26.2%,       Manitoba 11.4%,       Colorado 8.3%,

Ontario 7.3%,         Nebraska 6.6%,        Missouri 5.6%,

Minnesota 5.4%,       Iowa 5.2%,            Saskatchewan 5.0%,

Indiana 4.7%,         Alabama 4.3%,         Oklahoma 3.7%,

South Dakota 2.3%,    Montana 1.4%,         Ohio 1.1%,

Georgia 1.0%,         Arkansas 0.5%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 79.5%,           Illinois 6.1%,        Minnesota 5.9%,

Ohio 2.1%,            Wisconsin 1.5%,       Indiana 1.2%,

Michigan 1.1%,        Kansas 1.1%,          Alabama 1.0%,

Nebraska 0.5%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs steady.  All feeder pigs

 1.00  per head lower.  Demand moderate for moderate offerings.  Receipts

 include 41% 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 - 1200       3640 42.02-43.33  42.93   5350  52.00-59.00    55.06

1200 or more    41938 37.00-56.79  46.62  47752  48.50-66.50    56.70

Total Composite 45578 37.00-56.79  46.33  53102  48.50-66.50    56.53

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1575  63.00-69.00    65.27

600 - 1200                                 2050  63.00-64.00    63.46

1200 or more                               7300  64.00-75.50    71.40

Total Composite                           10925  63.00-75.50    69.03

 

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

          All Early Weaned Pigs:     98680 at 51.82

          All 40 Pound Feeder Pigs:  10925 at 69.03

 

 

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