USDA National Daily Direct Morning Hog Report 09/18 10:45
09/18/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 09/18 10:45
LSDLM_HG216
Des Moines, IA Thu, Sep 18, 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 3,723 2,473 2,525 1,878
Other Market Formula 26,427 26,040 16,609 42,513
Swine/Pork Market Formula 107,030 91,182 82,726 86,486
Other Purchase Arrangement 53,118 49,345 48,818 49,961
Negotiated Formula 165 165 90 2,083
Pack. Sold (all purchase types) 20,107 20,107 20,346 28,486
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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 1,737
Lowest Base Price 95.00
Highest Base Price 108.00
Weighted Average Price 106.57 106.88 106.88
Change from Previous Day .32 .02 .02
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 1,737
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 25,754 11,701 14,454 11,300
Lowest Base Price 73.72 73.72 86.32
Highest Base Price 100.75 99.04 100.75
Weighted Average Price 95.39 91.98 99.15
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 102,294 56,501 68,114 30,183
Lowest Base Price 94.32 94.32 94.32 95.44
Highest Base Price 111.46 111.46 111.46 111.46
Weighted Average Price 103.85 103.86 103.74 103.72
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 48,448 29,182 30,834 16,489
Lowest Base Price 72.03 72.03 72.03 86.30
Highest Base Price 111.73 111.73 111.73 105.64
Weighted Average Price 99.31 100.15 100.17 97.25
Change from Previous Day
Negotiated (live basis)
Head Count 736
Lowest Base Price 69.75
Highest Base Price 83.95
Weighted Average Price 76.28
Change from Previous Day -4.93
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 901
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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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
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CARCASS WEIGHT DIFFERENTIALS
145# -25.00 -13.00 175# -4.00 -1.35 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog0 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.81
Price Range $102.50 - $111.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,180 Colorado 159
Iowa 60,574 Illinois 24,017
Indiana 8,282 Kansas 1,448
Kentucky 1,398 Michigan 4,562
Minnesota 39,125 Missouri 3,083
Montana 421 North Carolina 6,425
Nebraska 10,478 Ohio 14,079
Oklahoma 1,427 Pennsylvania 5,089
South Carolina 165 South Dakota 3,485
Wisconsin 915
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