In this file:

 

·         Cash Feeder Pig Prices Average $42.78, Down $0.88 Last Week

Looking at hog sales in April 2020 using April 2020 futures, the weaner breakeven was $70.34, up $1.23 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Oct 04

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

 

 

Cash Feeder Pig Prices Average $42.78, Down $0.88 Last Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - October 4, 2019

 

Looking at hog sales in April 2020 using April 2020 futures, the weaner breakeven was $70.34, up $1.23 for the week. Feed costs were up $1.59 per head. April futures increased $0.15 compared to last week’s April futures used for the crush and historical basis is improved from last week by $1.24 per cwt. Breakeven prices are based on closing futures prices on Oct. 4. 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 51,045 head being reported which is 116% of the 52-week average. Cash prices were $31.16, down $2.39 from a week ago. The low to high range was $20.00 - $38.00. Formula-priced weaners were up $3.37 this week at $45.02.

 

Cash-traded feeder pig reported volume was below average with 2,500 head reported. Cash feeder pig reported prices were $42.78, down $0.88 per head from last week.

 

more, including table, graphs

https://www.porkbusiness.com/article/cash-feeder-pig-prices-average-4278-down-088-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending Oct 04

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

 

Des Moines, IA   Fri Oct 04,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 120,789   LAST WEEK: 94,883      LAST YEAR: 99,072

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 34.6%,       Manitoba 13.7%,       Colorado 12.9%,

Iowa 6.9%,            Nebraska 5.8%,        Wisconsin 5.2%,

Saskatchewan 4.7%,    Minnesota 3.7%,       Oklahoma 3.4%,

Missouri 2.5%,        Indiana 2.3%,         Ohio 2.0%,

Montana 1.3%,         South Dakota 1.1%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 78.5%,           Illinois 8.1%,        Minnesota 5.0%,

Nebraska 4.3%,        Ohio 2.0%,            Michigan 2.0%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head lower.

All feeder pigs steady on light receipts.  Demand light to moderate on

moderate offerings.  Receipts include 55% 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                                 500  20.00-20.00    20.00

600 - 1200       7118 39.38-47.87  44.22   5695  25.00-37.00    29.77

1200 or more    60126 36.17-63.14  45.11  44850  22.00-38.00    31.46

Total Composite 67244 36.17-63.14  45.02  51045  20.00-38.00    31.16

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1500  38.50-43.00    41.30

600 - 1200                                 1000  45.00-45.00    45.00

Total Composite                            2500  38.50-45.00    42.78

 

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

          All Early Weaned Pigs:     118289 at 39.04

          All 40 Pound Feeder Pigs:  2500 at 42.78

 

 

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