USDA National Daily Direct Hog Prior Day Report 10/20 07:50
10/20/2025 | 7:59 am CDT USDA National Daily Direct Hog Prior Day Report 10/20 07:50
LM_HG218
Des Moines, IA Mon, Oct 20, 2025
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 2,637 4,461 2,659
Other Market Formula 28,433 29,091 39,894
Swine/Pork Market Formula 181,106 188,644 181,897
Other Purchase Arrangement 111,489 101,739 176,235
Negotiated Formula 2,078 719 9,973
Pack. Sold (all purchase types) 36,245 39,304 42,270
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 2,333 25,476 172,177 107,433 200 307,619
Base Price 90.56 79.70 93.24 89.72 90.87
Packer Sold
Head Count 36,243
Base Price 92.11
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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 2,333
Lowest Base Price 84.00
Highest Base Price 97.00
Weighted Average Price 90.56 90.70 90.73 90.07
Negotiated Formula (carcass basis)
Head Count 200
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,533
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 30,990 17,050 26,994 3,996
Lowest Base Price 68.25 68.25
Highest Base Price 98.37 98.37
Weighted Average Price 80.28 80.64
Swine/Pork Market Formula (carcass basis)
Head Count 191,087 125,441 145,276 43,403
Lowest Base Price 83.69 83.69 83.69 86.24
Highest Base Price 99.59 98.85 98.85 99.59
Weighted Average Price 93.26 93.20 93.10 93.52
Other Purchase Arrangement (carcass basis)
Head Count 119,582 87,097 92,013 24,974
Lowest Base Price 75.50 75.50 75.50 75.74
Highest Base Price 109.20 109.20 109.20 105.21
Weighted Average Price 90.19 90.58 90.73 87.67
Negotiated (live basis)
Head Count 271
Lowest Base Price 67.50
Highest Base Price 71.15
Weighted Average Price 70.23
Negotiated Formula (live basis)
Head Count 1,878
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,149
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -14.62 175# -9.15 1.00 205# .00 4.00
155# -30.00 -5.00 185# .00 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 Hog217.04 lb carcass .63 inch back-fat
7.97 square inch loin 2.65 inch loin depth FFLI: 53.59
Price Range $91.50 - $96.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 7,496 Iowa 157,158
Illinois 18,286 Indiana 29,395
Kansas 2,956 Kentucky 2,151
Michigan 9,097 Minnesota 75,126
Missouri 5,801 Montana 236
North Carolina 1,470 North Dakota 343
Nebraska 20,904 Ohio 18,773
Oklahoma 4 Pennsylvania 4,463
South Dakota 7,993 Wisconsin 666
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