In this file:

 

·         Weaner Pig Cash Prices $57.85, Down $5.31 From Previous Week

Looking at hog sales in November 2019 using December 2019 futures the weaner breakeven was $83.27, down $2.03 for the week.

 

·         National Direct Delivered Feeder Pig Report: Week Ending May 10

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

 

 

Weaner Pig Cash Prices $57.85, Down $5.31 From Previous Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - May 10, 2019

 

Looking at hog sales in November 2019 using December 2019 futures the weaner breakeven was $83.27, down $2.03 for the week. Feed costs were down $2.03 per head. December futures decreased $2.00 compared to last week’s December futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on May 10, 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 37,400 head being reported which is 94 percent of the 52-week average. Cash prices were $57.85, down $5.31 from a week ago. The low to high range was $43.00 - $67.00. Formula priced weaners were up $0.61 this week at $52.89.

 

Cash traded feeder pig reported volume was below average with 5,750 head reported. Cash feeder pig reported prices were $89.74, down $0.80 per head from last week.

 

more, including graphs

https://www.porkbusiness.com/article/weaner-pig-cash-prices-5785-down-531-previous-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending May 10

Des Moines, IA   Fri May 10,2019   USDA-Iowa Dept of Ag Market News

 

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

 

RECEIPTS THIS WEEK: 99,320    LAST WEEK: 97,090      LAST YEAR: 77,800

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Manitoba 26.1%,       Colorado 16.3%,       Illinois 15.9%,

South Dakota 7.6%,    Iowa 6.6%,            Minnesota 6.0%,

Saskatchewan 5.0%,    Oklahoma 4.1%,        Georgia 3.2%,

Alabama 2.4%,         Missouri 2.0%,        Montana 1.4%,

Ohio 1.4%,            Indiana 1.3%,         Nebraska 0.5%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 60.7%,           Minnesota 18.2%,      Illinois 11.0%,

Indiana 4.1%,         Michigan 3.9%,        Nebraska 1.1%,

Alabama 1.0%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 5.00 per head lower.

All feeder pigs 1.00 per head lower on light receipts.  Demand light to

moderate for moderate offerings.  Receipts include 57%  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                                1900  43.00-60.00    52.37

600 - 1200       1000 41.75-41.75  41.75    750  48.00-48.00    48.00

1200 or more    55170 37.00-69.66  53.09  34750  47.00-67.00    58.36

Total Composite 56170 37.00-69.66  52.89  37400  43.00-67.00    57.85

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 550  72.00-72.00    72.00

1200 or more                               5200  77.00-96.00    91.62

Total Composite                            5750  72.00-96.00    89.74

 

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

          All Early Weaned Pigs:     93570 at 54.87

          All 40 Pound Feeder Pigs:  5750 at 89.74

 

 

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