USDA National Daily Direct Morning Hog Report 07/23 10:55
07/23/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 07/23 10:55
LSDLM_HG216
Des Moines, IA Wed, Jul 23, 2025
DAILY DIRECT MORNING 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 8,294 7,674 3,095 2,634
Other Market Formula 17,615 16,775 24,736 35,580
Swine/Pork Market Formula 89,248 73,960 77,282 87,619
Other Purchase Arrangement 51,718 48,298 49,449 50,442
Negotiated Formula 340 340 1,330
Pack. Sold (all purchase types) 29,335 29,335 26,280 30,794
--------------------------------------------------------------------------------
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 6,746
Lowest Base Price 104.50
Highest Base Price 118.50
Weighted Average Price 114.77 114.38 114.31
Change from Previous Day .78 .34 .32
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 6,746
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 20,775 12,578 18,078 2,697
Lowest Base Price 80.68 87.92
Highest Base Price 111.40 111.40
Weighted Average Price 101.97 103.03
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 94,791 55,678 63,958 27,380
Lowest Base Price 100.43 101.45 101.45 100.43
Highest Base Price 118.95 118.95 118.95 117.00
Weighted Average Price 109.07 109.30 109.22 108.73
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 50,288 33,039 34,779 15,021
Lowest Base Price 78.80 78.80 78.80 85.37
Highest Base Price 117.29 117.29 117.29 110.89
Weighted Average Price 104.97 106.60 106.75 100.72
Change from Previous Day
Negotiated (live basis)
Head Count 770
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 340
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,110
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
DAILY DIRECT MORNING HOG REPORT (PDF) (LSDLM_HG216) 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 -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
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog3 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.24
Price Range $108.50 - $118.50
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 2,748 Iowa 74,623
Illinois 13,116 Indiana 4,684
Kansas 1,502 Kentucky 380
Michigan 4,280 Minnesota 33,748
Missouri 2,115 North Carolina 6,571
Nebraska 10,921 New York 160
Ohio 12,400 Oklahoma 1,540
Pennsylvania 3,957 South Carolina 150
South Dakota 2,772 Wisconsin 715
--------------------------------------------------------------------------------
[0600059D]