Cash Feeder Pig Prices Average $38.28, Up $2.45 Last Week

Jul 10, 2023

This market update is a PorkBusiness.com weekly column reporting trends in weaner pigs. All information contained in this update is for the week ended July 7.

NutriQuest Business Solutions publishes weekly weaner pig profitability calculations which uses industry representative production costs and futures pricing for lean hogs, corn and soybean meal, using historical basis assumptions, to establish approximate profitability and break-even pricing for the current sale or purchase of weaner pigs. Prices are based on closing futures prices on July 7 and assumes CME Lean Hog Index cost and historical basis assumptions.

When you consider that today’s purchased weaner would be sold in January 2024 using February 2024 futures, the weaner breakeven was $29.47, up $4.23 for the week. Feed costs were down $0.44 per head, and February futures decreased $0.43 compared to last week’s futures, while historical basis is improved from last week by $2.23 per cwt.

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Video: Season 7, Episode 4: Using Data to Better Manage PRRSV

PRRS continues to be one of the biggest challenges facing pork producers, but each outbreak can also provide valuable information about herd recovery, losses and the management decisions that follow.In this episode, Dr. Ana Paula Serafini Poeta Silva, a research scientist at Iowa State University, discusses the PRRS Outbreak Management Program, or POMP, and what researchers have learned from a database containing information from more than 700 breeding-herd outbreaks. She explains how POMP uses data from individual outbreaks to establish benchmarks producers can use to better understand what to expect during recovery, including potential losses and the time it may take for a herd to return to baseline production. The conversation also explores how PRRS management has evolved, including the role of live virus inoculation and modified-live vaccines.