Cash-traded weaner pig volume was above average last week with 50,223 head being reported. This is 157% of the 52-week average. The low to high range was $14.00 - $28.00. Formula-priced weaners were also up, at $35.25.
Looking at hog sales in February 2019 using April 2019 futures, the weaner breakeven was $40.62, up $3.16 for the week. Feed costs were down $2.02 per head while cash weaner pig prices were $1.24 higher.
The weaner breakeven was $37.46, up $24.25 for the week. Feed costs were up $1.57 per head. April futures increased $13.43 compared to last week’s February futures used for the crush and historical basis has declined.