In this file:

 

·         Higher Volume, Weekly Cash Weaner Pigs Fall $2.07

Looking at hog sales in September 2019 using October 2019 futures the weaner breakeven was $47.32, up $2.91 for the week…

 

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

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

 

 

Higher Volume, Weekly Cash Weaner Pigs Fall $2.07

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - March 8, 2019

 

Looking at hog sales in September 2019 using October 2019 futures the weaner breakeven was $47.32, up $2.91 for the week. Feed costs were down $0.93 per head. October futures increased $0.95 compared to last week’s October futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on March 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 52,645 head being reported which is 140 percent of the 52-week average. Cash prices were $45.82, down $2.07 from a week ago. The low to high range was $35.00 - $59.00. Formula priced weaners were down $2.42 this week at $43.89.

 

Cash traded feeder pig reported volume was below average with 5,550 head reported. Cash feeder pig reported prices were $69.65, up $1.00 per head from last week.

 

Graph 1 shows the seasonal trends of the cash weaner pig market.

 

more, including graphs, table

https://www.porkbusiness.com/article/higher-volume-weekly-cash-weaner-pigs-fall-207

 

 

National Direct Delivered Feeder Pig Report: Week Ending Mar 08

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

 

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

 

RECEIPTS THIS WEEK: 109,799   LAST WEEK: 74,258      LAST YEAR: 66,990

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 24.0%,       Manitoba 15.7%,       Colorado 13.5%,

Missouri 7.8%,        Iowa 5.9%,            Saskatchewan 5.0%,

Ontario 4.8%,         Minnesota 4.5%,       Nebraska 4.4%,

Oklahoma 3.7%,        Indiana 2.2%,         Alabama 2.1%,

Georgia 1.9%,         Montana 1.4%,         Ohio 1.1%,

South Dakota 1.0%,    Wyoming 0.9%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 71.1%,           Illinois 9.3%,        Kansas 5.9%,

Minnesota 5.3%,       Ohio 4.2%,            Michigan 2.3%,

Alabama 1.0%,         Nebraska 0.9%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head lower.

All feeder pigs steady.  Demand moderate for moderate offerings.

Receipts include 47% 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       500 49.89-49.89  49.89    450  44.00-44.00    44.00

600 - 1200       9605 41.09-49.89  44.63   5200  38.00-52.00    42.37

1200 or more    41499 36.79-51.06  43.65  46995  35.00-59.00    46.22

Total Composite 51604 36.79-51.06  43.89  52645  35.00-59.00    45.82

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1950  64.00-68.50    65.93

1200 or more                               3600  71.00-72.00    71.67

Total Composite                            5550  64.00-72.00    69.65

 

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

          All Early Weaned Pigs:     104249 at 44.87

          All 40 Pound Feeder Pigs:  5550 at 69.65

 

 

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