In this file:
· Cash Feeder Pig Prices Average $73.67, Down $0.23 Last Week
... When you consider that today’s purchased weaner would be sold in April 2022, using April 2022 futures, the weaner breakeven was $63.02, down $3.70 for the week…
· USDA National Direct Feeder Pig Report
… Compared to last week: Early weaned pigs 2.00 per head higher. All feeder pigs steady…
Cash Feeder Pig Prices Average $73.67, Down $0.23 Last Week
By Jennifer Brown, NutriQuest
via FarmJournal's Pork - October 8, 2021
... When you consider that today’s purchased weaner would be sold in April 2022, using April 2022 futures, the weaner breakeven was $63.02, down $3.70 for the week. Feed costs were down $1.36 per head, and April futures decreased $2.48 compared to last week, while historical basis is unchanged from last week.
The “weaner pig breakeven” is an all-in break-even considering fixed costs (e.g., housing and labor) that would be incurred by the buyer. However, many buyers of weaners have empty space and therefore will incur these fixed costs whether or not the buildings are stocked with weaners. For those producers with empty space, the maximum price a buyer could pay for a weaner pig and breakeven is the “margin over variable costs”, which is $82.29.
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.
From the National Direct Delivered Feeder Pig Report
Cash-traded weaner pig volume was above average this week with 65,650 head being reported which is 151% of the 52-week average. Cash prices were $51.52, up $2.32 from a week ago. The low to high range was $35 - $57. Formula-priced weaners were up $1.15 this week at $45.96.
Cash-traded feeder pig reported volume was below average with 5,050 head reported. Cash feeder pig reported prices were $73.67, down $0.23 per head from last week...
more, including table, graphs
USDA National Direct Feeder Pig Report
USDA Agricultural Marketing Service, Livestock, Poultry and Grain Market News
Fri Oct 8, 2021
Compared to last week: Early weaned pigs 2.00 per head higher. All feeder pigs steady. Demand good for moderate offerings. Receipts include 47% formulated prices.
more, including maps, tables (pdf)