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 February 28, 2014.

The weaner pig breakeven price is $86.35, up $3.37 for the week. October hog futures were $2.23 higher for the week and feed costs were up $1.17 per head. The breakeven price is based on closing futures prices on February 28, 2014 and the assumptions outlined below.

Margin over variable costs was $108.19 and refers to the revenue generated from raising a weaner pig that contribute to fixed costs and pig purchase costs. In other words, if the alternative is to idle facilities every dollar between the purchase price and margin over variable costs contributes toward covering those fixed costs such as facility, labor, utilities, property taxes and insurance.

For the Week Ended


Weekly Change

Weaner pig breakeven



Margin over variable costs



Pig purchase month

Mar, 2014

Mar, 2014

Live hog sale month

Aug, 2014

Aug, 2014

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.

National Direct Delivered Feeder Pig Report

Cash traded weaner pig volume was below average with just 21,141 head reported, which is 62 percent of the 52 week average. Cash prices were $85.79 per head, up $3.48 from the previous week.


Weekly change

Cash sale weaner pig volume



Weighted average cash price/head



Cash low price/head



Cash high price/head



Graph 1 shows cash weaner pig volume on a four week basis. The graph shows that cash weaner volume in the beginning of 2014 is averaging just 57 percent of the previous 3 years.

The number of reported weaner pigs sold on a formula basis was 46,836 head at an average price of $53.03. That’s down $3.25 per head from the previous week.


Graph 2 shows weaner and feeder pig reported cash prices over the past three years. The graph shows that cash feeder prices typically lag the trends of the cash weaner prices. Cash weaner prices have been trading in a $7.00 range for the past 13 weeks. During that same time feeder pig prices have increased nearly 35 percent.

Ryan Cooney is general manager of ePigflow, an online market for weaner pigs, feeder pigs and facility spaces. You can find available pigs and facilities by visiting