In this file:

 

·         Cash Feeder Pig Prices Average $19.03, Down $3.62 Last Week

Looking at hog sales in November 2020 using December 2020 futures, the weaner breakeven was $8.54, down $13.62 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending May 15

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

 

 

Cash Feeder Pig Prices Average $19.03, Down $3.62 Last Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - May 15, 2020

 

Looking at hog sales in November 2020 using December 2020 futures, the weaner breakeven was $8.54, down $13.62 for the week. Feed costs were up $0.72 per head. December futures decreased $1.70 compared to last week’s December futures used for the crush and historical basis is declined from last week by $4.55 per cwt. Breakeven prices are based on closing futures prices on May 15. 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 below average this week with 48,964 head being reported which is 95 percent of the 52-week average. Cash prices were $7.20, up $0.16 from a week ago. The low to high range was $2.00 - $13.00. Formula-priced weaners were up $1.61 this week at $30.41.

 

Cash-traded feeder pig reported volume was below average with 4,825 head reported. Cash feeder pig reported prices were $19.03, down $3.62 per head from last week.

 

more, including table, charts

https://www.porkbusiness.com/article/cash-feeder-pig-prices-average-1903-down-362-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending May 15

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

 

Des Moines, IA   Fri May 15,2020   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 82,434    LAST WEEK: 109,496     LAST YEAR: 97,964

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Manitoba 18.3%,       Illinois 16.4%,       Nebraska 14.6%,

Colorado 14.3%,       Missouri 10.3%,       Minnesota 9.1%,

North Carolina 5.1%,  Iowa 4.2%,            Wisconsin 3.0%,

Ohio 1.8%,            South Dakota 1.3%,    Ontario 1.1%,

Kansas 0.5%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 71.4%,           Minnesota 18.3%,      Ohio 2.8%,

Washington 1.8%,      Michigan 1.8%,        South Dakota 1.5%,

New York 0.8%,        Kansas 0.5%,          Missouri 0.4%,

Pennsylvania 0.4%,    Nebraska 0.4%,

 

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

 4.00 per head lower. Demand light for moderate to heavy offerings.

Receipts include 35% 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   2.00-6.00      4.28

600 - 1200                                 4200   5.00-11.00     7.33

1200 or more    28645  7.68-40.40  30.41  43264   4.00-13.00     7.29

Total Composite 28645  7.68-40.40  30.41  48964   2.00-13.00     7.20

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 600  16.00-24.00    20.00

600 - 1200                                  625  24.00-24.00    24.00

1200 or more                               3600  18.00-18.00    18.00

Total Composite                            4825  16.00-24.00    19.03

 

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

          All Early Weaned Pigs:     77609 at 15.77

          All 40 Pound Feeder Pigs:  4825 at 19.03

 

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