In this file:

 

·         Cash Feeder Pig Prices Average $14.80, up $1.58 Last Week

Looking at hog sales in December 2020 using February 2021 futures, the weaner breakeven was $5.65, down $6.30 for the week.

 

·         National Direct Delivered Feeder Pig Report: Week Ending Jun 19

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

 

 

Cash Feeder Pig Prices Average $14.80, up $1.58 Last Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - June 19, 2020

 

Looking at hog sales in December 2020 using February 2021 futures, the weaner breakeven was $5.65, down $6.30 for the week. Feed costs were up $0.17 per head. February futures increased $5.00 compared to last week’s December futures used for the crush and historical basis is declined from last week by $7.97 per cwt. Breakeven prices are based on closing futures prices on June 19. 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 33,425 head being reported which is 63% of the 52-week average. Cash prices were $6.38, up $0.78 from a week ago. The low to high range was $1.00 - $9.00. Formula-priced weaners were up $0.97 this week at $27.19.

 

Cash-traded feeder pig reported volume was below average with 4,075 head reported. Cash feeder pig reported prices were $14.80, up $1.58 per head from last week.

 

more, including table, graphs

https://www.porkbusiness.com/article/cash-feeder-pig-prices-average-1480-158-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending Jun 19

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

 

Des Moines, IA   Fri Jun 19,2020   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 91,130    LAST WEEK: 94,987      LAST YEAR: 72,907

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 27.9%,       Manitoba 25.5%,       Colorado 11.4%,

Missouri 9.3%,        South Dakota 7.0%,    Nebraska 5.1%,

Minnesota 3.5%,       Wisconsin 2.7%,       Kansas 2.6%,

Ohio 2.5%,            Iowa 1.8%,            Saskatchewan 0.7%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 71.4%,           Minnesota 10.9%,      Nebraska 8.2%,

Illinois 4.1%,        Michigan 2.5%,        Indiana 1.1%,

Colorado 1.1%,        Kansas 0.8%,

 

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

feeder pigs 1.00 per head higher.   Demand light for moderate to heavy

offerings.  Receipts include 59% 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                                2150   5.00-8.00      7.02

600 - 1200                                 4025   5.00-8.00      5.99

1200 or more    53630  9.11-40.50  27.19  27250   1.00-9.00      6.39

Total Composite 53630  9.11-40.50  27.19  33425   1.00-9.00      6.38

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                2275  13.00-18.00    15.18

600 - 1200                                 1800  13.50-16.00    14.33

Total Composite                            4075  13.00-18.00    14.80

 

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

          All Early Weaned Pigs:     87055 at 19.20

          All 40 Pound Feeder Pigs:  4075 at 14.80

 

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