In this file:

 

·         Cash Feeder Pig Prices Average $52.67, Down $12.51 Last Week

Looking at hog sales in August 2020 using August 2020 futures, the weaner breakeven was $72.97, up $3.83 for the week

 

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

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

 

 

Cash Feeder Pig Prices Average $52.67, Down $12.51 Last Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - February 7, 2020

 

Looking at hog sales in August 2020 using August 2020 futures, the weaner breakeven was $72.97, up $3.83 for the week. Feed costs were up $0.14 per head. August futures increased $3.60 compared to last week’s August futures used for the crush and historical basis is declined from last week by $1.67 per cwt. Breakeven prices are based on closing futures prices on Feb.7, 2020. 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 53,516 head being reported which is 108% of the 52-week average. Cash prices were $45.99, down $5.68 from a week ago. The low to high range was $25.00 - $65.65. Formula-priced weaners were down $0.71 this week at $48.88.

 

Cash traded feeder pig reported volume was below average with 1,620 head reported. Cash feeder pig reported prices were $52.67, down $12.51 per head from last week.

 

more, including table, graphs [3] 

https://www.porkbusiness.com/article/cash-feeder-pig-prices-average-5267-down-1251-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending Feb 07

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

 

Des Moines, IA   Fri Feb 07,2020   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 103,448   LAST WEEK: 84,250      LAST YEAR: 109,605

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 16.6%,       Minnesota 12.2%,      Missouri 11.2%,

Saskatchewan 10.9%,   Colorado 8.5%,        Manitoba 7.3%,

South Dakota 7.2%,    Iowa 7.1%,            Indiana 7.1%,

Nebraska 2.3%,        Alabama 2.2%,         Arkansas 2.2%,

North Dakota 1.9%,    Ohio 1.7%,            Montana 1.6%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 73.9%,           Minnesota 17.8%,      Illinois 2.4%,

Ohio 2.2%,            Nebraska 1.9%,        Michigan 1.7%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 5.00 per head lower.  To

 few 40 lb feeder pig for market test. Demand moderate for moderate

offerings. Receipts include 47% 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                                 730  34.00-50.00    46.05

600 - 1200                                 5350  25.00-46.00    37.87

1200 or more    48312 40.50-57.67  48.88  47436  29.00-65.65    46.90

Total Composite 48312 40.50-57.67  48.88  53516  25.00-65.65    45.99

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                1020  36.00-55.00    47.18

600 - 1200                                  600  62.00-62.00    62.00

Total Composite                            1620  36.00-62.00    52.67

 

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

          All Early Weaned Pigs:     101828 at 47.36

          All 40 Pound Feeder Pigs:  1620 at 52.67

 

 

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