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Cash traded weaner pig volume was above average this week with 40,500 head being reported which is 103 percent of the 52-week average. Feeder pig reported volume was below average for the week, with 7,705 head reported.
For the week of February 5, cash-traded feeder pig reported volume was above average with 8,305 head reported. Cash feeder pig reported prices were $74.76, up $7.00 per head from last week.
Looking at hog sales in November 2019 using December 2019 futures, the weaner breakeven was $83.27, down $2.03 for the week.
Looking at hog sales in December 2019 using December 2019 futures the weaner breakeven was $58.60, up $0.76 for the week.
The estimated weaner pig profit opportunity is calculated by comparing the weaner pig cash price to the weaner breakeven. The profit potential decreased $6.54 this week to a projected gain of $13.87 per head
Cash traded weaner pig volume was above average this week. Cash prices were $32.64, down $3.91 from a week ago.