In this file:
· Cash Feeder Pig Prices Average $72.39, Down $7.74 Last Week
Looking at hog sales in December 2021 using December 2021 futures, the weaner breakeven was $44.90, up $1.48 for the week.
· USDA National Direct Feeder Pig Report
Compared to last week: Early weaned pigs 2.00 per head lower. All feeder pigs 7.00 per head lower.
Cash Feeder Pig Prices Average $72.39, Down $7.74 Last Week
By Jennifer Brown, Nutriquest
via FarmJournal's Pork - Jun 4, 2021
Looking at hog sales in December 2021 using December 2021 futures, the weaner breakeven was $44.90, up $1.48 for the week. Feed costs were up $4.14 per head. December futures increased $2.85 compared to last week’s December futures used for the crush and historical basis is declined from last week by $0.06 per cwt. Breakeven prices are based on closing futures prices on June 4, 2021. 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 39,350 head being reported which is 83% of the 52-week average. Cash prices were $46.12, down $2.44 from a week ago. The low to high range was $32 - $54. Formula-priced weaners were up $1.62 this week at $44.25.
Cash-traded feeder pig reported volume was below average with 5,985 head reported. Cash feeder pig reported prices were $72.39, down $7.74 per head from last week.
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National Direct Feeder Pig Report
USDA Agricultural Marketing Service
Livestock, Poultry and Grain Market News
Fri Jun 4, 2021
Compared to last week: Early weaned pigs 2.00 per head lower. All feeder pigs 7.00 per head lower. Demand light to moderate for moderate offerings. Receipts include 47% formulated prices.
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