In this file:

 

·         Cash Weaner Pig Prices Average $20.00, Down $15.48 Last Week

Looking at hog sales in February 2020 using February 2020 futures, the weaner breakeven was $45.39, up $5.48 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Aug 09

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

 

 

Cash Weaner Pig Prices Average $20.00, Down $15.48 Last Week

 

by Jennifer Brown, NutriQuest

via AgWeb - Aug 09, 2019

 

Looking at hog sales in February 2020 using February 2020 futures, the weaner breakeven was $45.39, up $5.48 for the week. Feed costs were up $0.99 per head. February futures increased $3.15 compared to last week’s February futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on Aug. 9. 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 50,045 head being reported which is 118% of the 52-week average. Cash prices were $20.00, down $15.48 from a week ago. The low to high range was $12.00 - $31.00. Formula-priced weaners were down $1.58 this week at $42.32.

 

Cash-traded feeder pig reported volume was below average with 1,870 head reported. Cash feeder pig reported prices were $35.32, down $14.42 per head from last week.

 

more, including table, graphs 

https://www.agweb.com/article/cash-weaner-pig-prices-average-2000-down-1548-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending Aug 09

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

 

Des Moines, IA   Fri Aug 09,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 104,391   LAST WEEK: 108,025     LAST YEAR: 101,663

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 26.7%,       Manitoba 16.3%,       Iowa 15.5%,

Colorado 10.2%,       Saskatchewan 6.6%,    Indiana 4.8%,

Oklahoma 3.9%,        South Dakota 3.7%,    Nebraska 3.7%,

Alabama 2.3%,         Missouri 1.6%,        Montana 1.5%,

Ohio 1.4%,            Georgia 1.1%,         Minnesota 0.7%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 67.0%,           Illinois 10.3%,       Nebraska 8.6%,

Indiana 4.8%,         Minnesota 4.4%,       Ohio 2.5%,

Michigan 1.4%,        Alabama 1.1%,

 

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

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

Receipts include 50% 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       550 40.00-40.00  40.00    895  17.00-19.50    18.47

600 - 1200       1100 42.56-42.56  42.56   2400  15.00-19.00    16.17

1200 or more    50826 37.00-47.79  42.34  46750  12.00-31.00    20.22

Total Composite 52476 37.00-47.79  42.32  50045  12.00-31.00    20.00

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 570  52.00-52.00    52.00

1200 or more                               1300  28.00-28.00    28.00

Total Composite                            1870  28.00-52.00    35.32

 

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

          All Early Weaned Pigs:     102521 at 31.42

          All 40 Pound Feeder Pigs:  1870 at 35.32

 

 

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