In this file:
· Cash Weaner Pig Prices Average $19.86, Up $1.29 Last Week
… Looking at hog sales in March 2021 using April 2021 futures, the weaner breakeven was $43.35, down $1.94 for the week…
· National Direct Delivered Feeder Pig Report: Week Ending Sep 04
Early weaned pigs 1.00 per head higher.
All feeder pig 3.00 per head higher.
Demand moderate for moderate offerings.
Receipts include 38% formulated prices.
Cash Weaner Pig Prices Average $19.86, Up $1.29 Last Week
Jennifer Brown, NutriQuest
via FarmJournal's Pork - September 4, 2020
Looking at hog sales in March 2021 using April 2021 futures, the weaner breakeven was $43.35, down $1.94 for the week. Feed costs were up $0.18 per head. April futures increased $1.25 compared to last week’s April futures used for the crush and historical basis is declined from last week by $2.10 per cwt. Breakeven prices are based on closing futures prices on September 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 below average this week with 45,179 head being reported which is 83% of the 52-week average. Cash prices were $19.86, up $1.29 from a week ago. The low to high range was $8.00 - $28.50. Formula-priced weaners were up $1.14 this week at $33.82.
Cash-traded feeder pig reported volume was above average with 9,250 head reported. Cash feeder pig reported prices were $27.13, up $3.64 per head from last week.
more, including a table, graphs
National Direct Delivered Feeder Pig Report: Week Ending Sep 04
Weekly Summary of prices on a delivered farm to farm basis.
Des Moines, IA Fri Sep 04,2020 USDA-Iowa Dept of Ag Market News
RECEIPTS THIS WEEK: 88,524 LAST WEEK: 121,406 LAST YEAR: 91,510
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Illinois 26.8%, Colorado 16.5%, Manitoba 14.1%,
Iowa 10.4%, Missouri 9.6%, Nebraska 6.0%,
Alabama 4.5%, South Dakota 3.0%, North Carolina 2.6%,
Montana 1.8%, Kentucky 1.4%, Ohio 1.4%,
Ontario 1.4%, Saskatchewan 0.7%,
VOLUME BY STATE OF DESTINATION:
Iowa 64.4%, Minnesota 16.4%, Illinois 5.4%,
Nebraska 5.4%, Ohio 2.9%, South Dakota 1.8%,
Indiana 1.4%, Michigan 1.4%, Colorado 0.7%,
TRENDS COMPARED TO LAST WEEK: Early weaned pigs 1.00 per head higher.
All feeder pig 3.00 per head higher. Demand moderate for moderate
offerings. Receipts include 38% 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 820 13.00-15.00 13.66
600 - 1200 2150 15.00-18.00 16.40
1200 or more 34095 22.13-40.50 33.82 42209 8.00-28.50 20.16
Total Composite 34095 22.13-40.50 33.82 45179 8.00-28.50 19.86
FEEDER Pigs 40 Pounds Basis:
600 or less 1400 17.00-26.50 21.79
1200 or more 7850 26.50-30.00 28.08
Total Composite 9250 17.00-30.00 27.13
Total Composite Weighted Average Receipts and Price (Formula and Cash):
All Early Weaned Pigs: 79274 at 25.86
All 40 Pound Feeder Pigs: 9250 at 27.13
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
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