USDA National Daily Direct Afternoon Hog Report 03/25 14:50
03/25/2026 | 2:50 pm CDT USDA National Daily Direct Afternoon Hog Report 03/25 14:50
LSDLM_HG217
Des Moines, IA Wed, Mar 25, 2026
DAILY DIRECT AFTERNOON HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold
Negotiated 5,792 5,792 7,917 19,978
Other Market Formula 25,632 25,632 21,952 20,943
Swine/Pork Market Formula 128,926 128,926 127,902 127,126
Other Purchase Arrangement 62,812 62,812 322,989 68,190
Negotiated Formula 1,420 1,420 1,355 100
Pack. Sold (all purchase types) 35,588 35,588 32,266 38,143
--------------------------------------------------------------------------------
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 3,349
Lowest Base Price 88.00
Highest Base Price 93.00
Weighted Average Price 91.65 91.77 91.64
Change from Previous Day -.97 -.88 -.99
Negotiated Formula (carcass basis)
Head Count 1,205
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,554
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 26,865 11,672 16,611 10,254
Lowest Base Price 79.92 80.95
Highest Base Price 100.17 93.52
Weighted Average Price 88.54 89.72
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 150,269 83,218 101,721 43,693
Lowest Base Price 80.59 81.45 81.45 80.59
Highest Base Price 97.13 97.13 97.13 95.62
Weighted Average Price 89.82 89.69 89.60 90.05
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 64,176 38,640 40,404 21,831
Lowest Base Price 80.23 82.14 82.14 80.23
Highest Base Price 102.78 102.78 102.78 100.73
Weighted Average Price 89.50 89.91 89.99 88.38
Change from Previous Day
Negotiated (live basis)
Head Count 1,814
Lowest Base Price 64.00
Highest Base Price 75.00
Weighted Average Price 71.73 73.04
Change from Previous Day .99 1.11
Negotiated Formula (live basis)
Head Count 305
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,119
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) DAILY
DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on both Fat and Muscle Measurements for a 200 lb Carcass Basis
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 4.00
165# -26.00 -5.00 195# .00 3.00 225# .00 3.50
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.65
Price Range $92.00 - $97.00
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,873 Iowa 92,535
Idaho 166 Illinois 19,874
Indiana 16,622 Kansas 1,528
Kentucky 2,387 Michigan 7,915
Minnesota 46,007 Missouri 4,080
North Carolina 7,263 North Dakota 170
Nebraska 14,108 Ohio 18,068
Oklahoma 1,849 Pennsylvania 5,516
South Dakota 8,624 Tennessee 5,775
Wisconsin 810
--------------------------------------------------------------------------------
[0600059D]