USDA National Daily Direct Afternoon Hog Report 10/23 14:55
10/23/2025 | 2:55 pm CDT USDA National Daily Direct Afternoon Hog Report 10/23 14:55
LSDLM_HG217
Des Moines, IA Thu, Oct 23, 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 2,439 2,439 2,119 3,359
Other Market Formula 22,911 22,911 17,664 47,924
Swine/Pork Market Formula 124,311 124,311 127,247 129,327
Other Purchase Arrangement 61,542 61,542 64,874 63,105
Negotiated Formula 790 790 985 1,588
Pack. Sold (all purchase types) 31,024 31,024 33,092 31,728
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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 1,000
Lowest Base Price 82.00
Highest Base Price 88.00
Weighted Average Price 86.38 86.74
Change from Previous Day -1.78 -1.41
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 23,257 11,221 15,778 7,479
Lowest Base Price 68.75 69.83 71.99
Highest Base Price 97.47 97.47 84.53
Weighted Average Price 81.06 80.57 82.30
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 142,953 78,029 91,797 47,236
Lowest Base Price 82.14 82.14 82.14 84.25
Highest Base Price 97.98 96.88 96.88 97.98
Weighted Average Price 91.22 90.78 90.76 91.75
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 62,519 37,329 40,859 21,171
Lowest Base Price 70.50 70.50 70.50 80.58
Highest Base Price 105.21 99.29 100.68 105.21
Weighted Average Price 89.74 89.42 89.76 89.64
Change from Previous Day
Negotiated (live basis)
Head Count 1,327
Lowest Base Price 57.25
Highest Base Price 81.75
Weighted Average Price 69.98
Change from Previous Day .24
Negotiated Formula (live basis)
Head Count 630
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,957
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# -26.00 -14.62 175# -4.00 .00 205# .00 4.00
155# -26.00 -5.00 185# -1.00 .00 215# -8.00 4.00
165# -26.00 .00 195# .00 3.00 225# -30.00 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.42
Price Range $89.50 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,326 Colorado 158
Iowa 84,520 Illinois 18,291
Indiana 15,163 Kansas 1,345
Kentucky 523 Michigan 8,440
Minnesota 43,731 Missouri 2,897
North Carolina 7,719 Nebraska 12,644
New York 160 Ohio 27,371
Oklahoma 1,686 Pennsylvania 5,415
South Carolina 165 South Dakota 8,138
Wisconsin 325
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