In this file:

 

·         Volatility Continues: Cash Weaner Pig Prices Down $5.69 From Week Ago

Looking at hog sales in December 2019 using December 2019 futures the weaner breakeven was $58.60, up $0.76 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Jun 07

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

 

 

Volatility Continues: Cash Weaner Pig Prices Down $5.69 From Week Ago

 

Jennifer Brown NutriQuest

via FarmJournal's Pork - June 7, 2019

 

Looking at hog sales in December 2019 using December 2019 futures the weaner breakeven was $58.60, up $0.76 for the week. Feed costs were down $1.33 per head. December futures decreased $1.13 compared to last week’s December futures used for the crush and historical basis is improved from last week by $0.83 per cwt. Breakeven prices are based on closing futures prices on June 7, 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 36,199 head being reported which is 91 percent of the 52-week average. Cash prices were $38.19, down $5.69 from a week ago. The low to high range was $30.00 -  $53.00. Formula priced weaners were down $0.01 this week at $46.24.

 

Cash traded feeder pig reported volume was below average with 7,722 head reported. Cash feeder pig reported prices were $63.36, down $5.71 per head from last week.

 

more, including graphs

https://www.porkbusiness.com/article/volatility-continues-cash-weaner-pig-prices-down-569-week-ago

 

 

National Direct Delivered Feeder Pig Report: Week Ending Jun 07

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

 

Des Moines, IA   Fri Jun 07,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 95,222    LAST WEEK: 75,839      LAST YEAR: 85,633

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Manitoba 21.4%,       Illinois 13.0%,       Colorado 9.8%,

South Dakota 7.9%,    Missouri 7.6%,        Nebraska 5.9%,

Saskatchewan 5.8%,    Iowa 5.5%,            Minnesota 5.0%,

Oklahoma 4.3%,        Maine 3.6%,           Alabama 2.5%,

North Carolina 2.3%,  Montana 1.7%,         Ohio 1.5%,

Georgia 1.2%,         Kentucky 1.0%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 76.8%,           Illinois 10.6%,       Nebraska 4.1%,

Minnesota 2.8%,       Wisconsin 1.7%,       Michigan 1.5%,

Ohio 1.3%,            Alabama 1.2%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs and all feeder pigs 5.00

 per head lower. Demand light to moderate for moderate offerings.

Receipts include 54% 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                                1000  39.00-42.00    40.50

600 - 1200       1100 41.75-41.75  41.75   5399  31.00-53.00    37.96

1200 or more    50201 37.00-60.00  46.34  29800  30.00-44.00    38.16

Total Composite 51301 37.00-60.00  46.24  36199  30.00-53.00    38.19

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1022  73.00-74.00    73.47

600 - 1200                                 4300  53.00-70.00    64.51

1200 or more                               2400  57.00-57.00    57.00

Total Composite                            7722  53.00-74.00    63.36

 

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

          All Early Weaned Pigs:     87500 at 42.91

          All 40 Pound Feeder Pigs:  7722 at 63.36

 

 

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