USDA National Daily Direct Morning Hog Report 09/26 10:45
09/26/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 09/26 10:45
LSDLM_HG216
Des Moines, IA Fri, Sep 26, 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 2,762 2,262 3,262 2,538
Other Market Formula 21,374 21,034 48,959 23,893
Swine/Pork Market Formula 101,023 88,389 94,693 86,247
Other Purchase Arrangement 47,430 44,286 45,236 44,324
Negotiated Formula 638 1,025
Pack. Sold (all purchase types) 21,927 21,927 17,482 26,466
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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 1,119
Lowest Base Price 95.00
Highest Base Price 106.00
Weighted Average Price 104.20
Change from Previous Day .18
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 1,119
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 21,308 13,077 17,023 4,285
Lowest Base Price 77.25 77.94
Highest Base Price 107.05 107.05
Weighted Average Price 95.67 95.02
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,415 54,301 64,038 31,248
Lowest Base Price 93.23 93.77 93.77 93.23
Highest Base Price 109.89 109.89 109.89 109.35
Weighted Average Price 103.09 103.09 102.92 103.10
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 44,014 25,361 27,361 15,673
Lowest Base Price 77.13 77.13 77.13 86.26
Highest Base Price 111.10 111.10 111.10 106.01
Weighted Average Price 100.00 101.23 101.33 97.40
Change from Previous Day
Negotiated (live basis)
Head Count 1,143
Lowest Base Price 69.50
Highest Base Price 82.05
Weighted Average Price 79.65
Change from Previous Day .31
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,143
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# -3.25 .00 205# .00 .00
155# -11.82 -5.00 185# -1.50 .00 215# -8.00 .00
165# -5.00 .00 195# .00 .00 225# -30.00 .00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog1 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.88
Price Range $102.50 - $107.04
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,907 Iowa 57,517
Illinois 18,181 Indiana 7,896
Kansas 1,433 Kentucky 2,925
Michigan 4,066 Minnesota 36,801
Missouri 2,394 Montana 225
North Carolina 6,780 North Dakota 338
Nebraska 12,543 New York 160
Ohio 11,595 Oklahoma 1,386
Pennsylvania 4,491 South Dakota 1,825
Tennessee 1,980 Wisconsin 455
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