In this file:

 

·         Weaner Pig Breakevens $44.55, Up $1.77

Looking at hog sales in January 2020 using February 2020 futures the weaner breakeven was $44.55, up $1.77 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Jul 05

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

 

 

Weaner Pig Breakevens $44.55, Up $1.77

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - July 5, 2019

 

Looking at hog sales in January 2020 using February 2020 futures the weaner breakeven was $44.55, up $1.77 for the week. Feed costs were up $1.02 per head. February futures decreased $1.05 compared to last week’s February futures used for the crush and historical basis is improved from last week by $2.42 per cwt. Breakeven prices are based on closing futures prices on July 5, 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 65,501 head being reported which is 163 percent of the 52-week average. Cash prices were $31.92, down $0.72 from a week ago. The low to high range was $22.00 - $39.00. Formula priced weaners were down $0.83 this week at $40.08.

 

Cash traded feeder pig reported volume was below average with 4,025 head reported. Cash feeder pig reported prices were $51.76, down $1.81 per head from last week.

 

more, including graphs

https://www.porkbusiness.com/article/weaner-pig-breakevens-4455-177

 

 

National Direct Delivered Feeder Pig Report: Week Ending Jul 05

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

 

Des Moines, IA   Fri Jul 05,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 115,894   LAST WEEK: 101,840     LAST YEAR: 87,883

 

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 32.1%,       Saskatchewan 13.5%,   Iowa 10.9%,

Manitoba 9.3%,        Colorado 6.8%,        Minnesota 4.2%,

Nebraska 4.2%,        Alabama 4.0%,         South Dakota 3.9%,

Oklahoma 3.5%,        Missouri 1.8%,        Kansas 1.7%,

Montana 1.3%,         Ohio 1.2%,            Georgia 0.9%,

Arkansas 0.5%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 80.3%,           Illinois 5.4%,        Indiana 4.8%,

Nebraska 3.2%,        Minnesota 3.1%,       Michigan 2.1%,

Alabama 0.9%,

 

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

pigs 2.00 per head lower.  Demand moderate for moderate offerings.

Receipts include 40% 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                                1500  23.00-32.00    28.93

600 - 1200       4904 38.59-41.75  39.84   6700  26.00-35.00    29.52

1200 or more    41464 31.69-46.50  40.11  57301  22.00-39.00    32.28

Total Composite 46368 31.69-46.50  40.08  65501  22.00-39.00    31.92

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 825  50.00-51.00    50.36

600 - 1200                                 3200  49.00-57.00    52.13

Total Composite                            4025  49.00-57.00    51.76

 

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

          All Early Weaned Pigs:     111869 at 35.30

          All 40 Pound Feeder Pigs:  4025 at 51.76

 

 

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