USDA National Daily Direct Afternoon Hog Report 10/20 14:45
10/20/2025 | 2:45 pm CDT USDA National Daily Direct Afternoon Hog Report 10/20 14:45
LSDLM_HG217
Des Moines, IA Mon, Oct 20, 2025
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 4,039 4,039 3,945 1,071
Other Market Formula 25,136 25,136 32,382 37,844
Swine/Pork Market Formula 172,947 172,947 185,843 170,475
Other Purchase Arrangement 107,195 107,195 107,921 182,092
Negotiated Formula 2,078 2,078 690 5,114
Pack. Sold (all purchase types) 40,881 40,881 41,877 52,311
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Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
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Negotiated (carcass basis)
Head Count 3,273
Lowest Base Price 84.00
Highest Base Price 97.00
Weighted Average Price 89.74 90.50 90.41
Change from Previous Day -.40 .44 .23
Negotiated Formula (carcass basis)
Head Count 200
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,473
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 27,665 16,894 24,873 2,792
Lowest Base Price 68.25 68.25 71.99
Highest Base Price 99.26 99.26 95.86
Weighted Average Price 81.24 81.31 80.66
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 188,584 132,215 150,683 34,879
Lowest Base Price 83.69 83.69 83.69 85.14
Highest Base Price 99.49 98.59 98.59 99.49
Weighted Average Price 93.10 92.96 92.84 93.81
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 113,913 82,520 86,634 25,969
Lowest Base Price 75.50 75.50 75.50 75.74
Highest Base Price 107.45 107.45 107.45 105.21
Weighted Average Price 90.08 90.42 90.44 88.59
Change from Previous Day
Negotiated (live basis)
Head Count 592
Lowest Base Price 67.50
Highest Base Price 71.08
Weighted Average Price 70.32
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,878
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,470
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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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
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -9.00 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.59
Price Range $90.00 - $95.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,210 Iowa 161,109
Idaho 7 Illinois 18,204
Indiana 25,186 Kansas 2,381
Kentucky 2,049 Michigan 7,298
Minnesota 74,616 Missouri 5,484
Montana 445 North Carolina 1,470
North Dakota 344 Nebraska 19,588
Ohio 15,771 Pennsylvania 5,429
South Dakota 6,056 Wisconsin 629
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