In this file:

 

·         Cash Feeder Pig Prices Average $33.06, Up $5.93 Last Week

Looking at hog sales in March 2021 using April 2021 futures, the weaner breakeven was $51.77, up $8.42 for the week…

 

·         National Direct Delivered Feeder Pig Report: Week Ending Sep 11

Early weaned pigs 2.00 per head higher.

All feeder pigs 6.00 per head higher.  Demand good to moderate for

moderate offerigs.  Receipts include 38% formulated prices.

 

 

Cash Feeder Pig Prices Average $33.06, Up $5.93 Last Week

 

Jennifer Brown, NutriQuest

via FarmJournal's Pork - September 11, 2020

 

Looking at hog sales in March 2021 using April 2021 futures, the weaner breakeven was $51.77, up $8.42 for the week. Feed costs were up $1.34 per head. April futures increased $4.75 compared to last week’s April futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on September 11. 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 76,167 head being reported which is 138% of the 52-week average. Cash prices were $22.29, up $2.43 from a week ago. The low to high range was $10.00 - $30.00. Formula-priced weaners were down $0.28 this week at $33.54.

 

Cash-traded feeder pig reported volume was above average with 7,260 head reported. Cash feeder pig reported prices were $33.06, up $5.93 per head from last week.

 

more, including table, graphs

https://www.porkbusiness.com/article/cash-feeder-pig-prices-average-3306-593-last-week

 

 

National Direct Delivered Feeder Pig Report: Week Ending Sep 11

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

 

Des Moines, IA   Fri Sep 11,2020   USDA-Iowa Dept of Ag Market News

 

RECEIPTS THIS WEEK: 133,672   LAST WEEK: 88,524      LAST YEAR: 118,888

 

VOLUME BY STATE OR PROVINCE OF ORIGIN:

Illinois 21.3%,       Iowa 18.2%,           Saskatchewan 7.9%,

Colorado 7.8%,        Missouri 7.7%,        North Carolina 7.1%,

Nebraska 6.4%,        South Dakota 6.4%,    Manitoba 6.2%,

Minnesota 5.0%,       Indiana 2.4%,         Arkansas 1.9%,

Montana 1.2%,         Ohio 0.6%,

 

VOLUME BY STATE OF DESTINATION:

Iowa 74.3%,           Minnesota 11.5%,      Illinois 6.2%,

Ohio 2.7%,            Nebraska 2.6%,        South Dakota 1.2%,

Kansas 0.9%,          Michigan 0.6%,

 

TRENDS COMPARED TO LAST WEEK:  Early weaned pigs 2.00 per head higher.

All feeder pigs 6.00 per head higher.  Demand good to moderate for

moderate offerigs.  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                                 750  23.00-27.00    24.07

600 - 1200                                 7818  16.00-24.00    19.51

1200 or more    50245 22.86-40.50  33.54  67599  10.00-30.00    22.60

Total Composite 50245 22.86-40.50  33.54  76167  10.00-30.00    22.29

 

FEEDER Pigs 40 Pounds Basis:

600 or less                                 910  20.00-25.00    21.70

600 - 1200                                  650  32.00-32.00    32.00

1200 or more                               5700  35.00-35.00    35.00

Total Composite                            7260  20.00-35.00    33.06

 

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

          All Early Weaned Pigs:     126412 at 26.76

          All 40 Pound Feeder Pigs:  7260 at 33.06

 

 

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