In this file:

 

·         Weekly Cash Feeder Pig Prices Top $100 cwt

Looking at hog sales in October 2019 using October 2019 futures the weaner breakeven was $99.70, up $12.61 for the week…

 

·         USDA: National Direct Delivered Feeder Pig Report: Week Ending Apr 12

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

 

 

 

Weekly Cash Feeder Pig Prices Top $100 cwt

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - April 12, 2019

 

Looking at hog sales in October 2019 using October 2019 futures the weaner breakeven was $99.70, up $12.61 for the week. Feed costs were down $0.19 per head. October futures increased $2.03 compared to last week’s October futures used for the crush and historical basis is improved from last week by $3.99 per cwt.

 

Breakeven prices are based on closing futures prices on April 12, 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 below average this week with 33,200 head being reported which is 87 percent of the 52-week average. Cash prices were $65.56, up $4.13 from a week ago. The low to high range was $44.00 -  $73.00. Formula priced weaners were up $3.26 this week at $48.86.

 

Cash traded feeder pig reported volume was above average with 9,250 head reported. Cash feeder pig reported prices were $100.17, up $4.77 per head from last week.

 

more, including graphs

https://www.porkbusiness.com/article/weekly-cash-feeder-pig-prices-top-100-cwt

 

 

National Direct Delivered Feeder Pig Report: Week Ending Apr 12

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

 

Des Moines, IA   Fri Apr 12,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 87,467    LAST WEEK: 83,691      LAST YEAR: 70,040

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Iowa 17.0%,           Illinois 15.2%,       Manitoba 12.0%,

Colorado 9.5%,        Saskatchewan 9.2%,    Ontario 6.3%,

Minnesota 5.6%,       South Dakota 5.0%,    Oklahoma 4.7%,

Georgia 3.7%,         Montana 3.5%,         Alabama 2.6%,

Michigan 1.7%,        Ohio 1.5%,            Missouri 1.4%,

Nebraska 1.1%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 78.8%,           Minnesota 9.1%,       Illinois 5.9%,

Ohio 2.1%,            Michigan 1.5%,        Nebraska 1.5%,

Alabama 1.1%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 4.00

 per head higher.  Demand moderate for moderate offerings.  Receipts

include 51% 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                                1350  44.00-59.00    53.04

600 - 1200       1000 41.75-41.75  41.75   6700  54.00-69.00    61.53

1200 or more    44017 37.00-65.43  49.02  25150  50.00-73.00    67.31

Total Composite 45017 37.00-65.43  48.86  33200  44.00-73.00    65.56

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1050  86.00-105.00   97.14

600 - 1200                                 1050 102.00-102.00  102.00

1200 or more                               7150 100.00-102.00  100.35

Total Composite                            9250  86.00-105.00  100.17

 

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

          All Early Weaned Pigs:     78217 at 55.95

          All 40 Pound Feeder Pigs:  9250 at 100.17

 

 

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