By Casey Westphalen


This market update is a PorkNetwork weekly column reporting trends in weaner pig prices and swine facility availability.  All information contained in this update is for the week ended November 11, 2016.


Looking at hog sales in May 2017 using May 2017 futures the weaner breakeven was $44.23, up $2.53 for the week. Feed costs were down $0.92 per head. May futures increased $0.78 compared to last week’s May futures used for the crush. Breakeven prices are based on closing futures prices on November 11, 2016. The breakeven price is the estimated maximum you could pay for a weaner pig and breakeven when selling the finished hog.


For the Week Ended
Weekly Change
Weaner pig breakeven
Margin over variable costs
Pig purchase month
Nov, 2016
Live hog sale month
May, 2017
Lean hog futures
Lean hog basis/cwt
Weighted average sbm futures
Weighted average sbm basis
Weighted average corn futures
Weighted average corn basis
Nursery cost/space/yr
Finisher cost/space/yr
Feed costs per head
Assumed carcass weight
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 don’t take into account 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 44,900 head being reported which is 136 percent of the 52-week average. Cash prices were $29.06, up $3.92 from a week ago. The low to high range was $22.50 to $37.00. Formula priced weaners were down $0.10 this week at $34.10.
Cash traded feeder pig reported volume was below average with 5,655 head reported. Cash feeder pig reported prices were $33.51, up $4.55 per head from last week.
Graph 1 shows the seasonal trends of the cash weaner pig market.
Graph 2 shows the cash weaner price and cash feeder price on a weekly basis through November 11, 2016.
Graph 3 shows the estimated weaner pig profit by comparing the weaner pig cash price to the weaner breakeven. The profit potential decreased $1.39 this week to $15.17 per head.
Westphalen: Feeder Pig Volume and Prices Higher