In this file:

 

·         Cash Feeder Pig Prices Average $48.61, Up $1.92 Last Week

Looking at hog sales in May 2020 using June 2020 futures, the weaner breakeven was $67.42, up $0.46 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Nov 29

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

 

 

Cash Feeder Pig Prices Average $48.61, Up $1.92 Last Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - December 2, 2019

 

Looking at hog sales in May 2020 using June 2020 futures, the weaner breakeven was $67.42, up $0.46 for the week. Feed costs were up $0.61 per head. June futures increased $0.53 compared to last week’s June futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on November 29, 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 54,900 head being reported which is 115% of the 52-week average. Cash prices were $33.86, up $1.35 from a week ago. The low to high range was $19.00 - $43.00. Formula-priced weaners were up $0.04 this week at $45.21.

 

Cash-traded feeder pig reported volume was below average with 3,350 head reported. Cash feeder pig reported prices were $48.61, up $1.92 per head from last week.

 

more, including table, charts

https://www.porkbusiness.com/article/cash-feeder-pig-prices-average-4861-192-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending Nov 29

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

 

Des Moines, IA   Fri Nov 29,2019   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 105,151   LAST WEEK: 121,934     LAST YEAR: 102,315

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 24.7%,       Manitoba 13.0%,       Iowa 11.4%,

Saskatchewan 8.9%,    South Dakota 7.3%,    Indiana 6.5%,

Colorado 5.8%,        Missouri 5.3%,        Oklahoma 3.9%,

Nebraska 3.3%,        Minnesota 2.7%,       Alabama 2.2%,

Montana 1.5%,         Ohio 1.2%,            Kentucky 1.1%,

Kansas 1.0%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 68.9%,           Minnesota 12.2%,      Illinois 9.0%,

Nebraska 4.8%,        Michigan 2.4%,        Ohio 2.2%,

Pennsylvania 0.6%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 1.00 per head higher.

All feeder pigs 2.00 per head higher on light receipts.  Demand moderate

for moderate offerings. Receipts include 44% 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                                1850  19.00-34.00    25.89

600 - 1200                                 6750  28.00-32.00    30.01

1200 or more    46901 34.79-54.06  45.21  46300  27.00-43.00    34.74

Total Composite 46901 34.79-54.06  45.21  54900  19.00-43.00    33.86

 

FEEDER Pigs 40 Pounds Basis:

600 - 1200                                 1700  45.00-47.00    46.29

1200 or more                               1650  51.00-51.00    51.00

Total Composite                            3350  45.00-51.00    48.61

 

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

          All Early Weaned Pigs:     101801 at 39.09

          All 40 Pound Feeder Pigs:  3350 at 48.61

 

 

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