USDA National Daily Direct Morning Hog Report 10/16 10:45
10/16/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 10/16 10:45
LSDLM_HG216
Des Moines, IA Thu, Oct 16, 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 2,229 1,729 2,030 655
Other Market Formula 15,794 15,454 17,478 23,905
Swine/Pork Market Formula 100,085 83,322 81,023 94,515
Other Purchase Arrangement 53,685 51,268 50,754 46,754
Negotiated Formula 985 985 335 3,086
Pack. Sold (all purchase types) 25,241 25,241 20,093 22,922
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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 1,162
Lowest Base Price 85.00
Highest Base Price 97.00
Weighted Average Price 91.56 93.35 93.35
Change from Previous Day -3.56 -3.05 -1.85
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 1,162
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,346 10,360 14,549 1,797
Lowest Base Price 70.00 82.10
Highest Base Price 99.05 98.73
Weighted Average Price 81.73 86.48
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 97,068 55,383 64,424 29,395
Lowest Base Price 80.09 84.35 84.35 80.09
Highest Base Price 100.20 99.95 99.95 100.20
Weighted Average Price 94.14 93.74 93.67 94.64
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 51,693 32,236 33,992 16,075
Lowest Base Price 78.91 78.91 78.91 82.15
Highest Base Price 105.21 101.84 101.84 105.21
Weighted Average Price 92.05 91.62 91.61 92.58
Change from Previous Day
Negotiated (live basis)
Head Count 567
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 985
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,552
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# -22.75 -13.00 175# -9.10 -1.35 205# .00 1.82
155# -13.65 -10.00 185# -1.50 .00 215# .00 1.82
165# -9.10 -3.37 195# .00 .00 225# -1.33 .91
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog2 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.61
Price Range $92.50 - $104.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 360 Canada 4,588
Iowa 63,588 Illinois 17,029
Indiana 5,266 Kansas 822
Kentucky 700 Michigan 4,622
Minnesota 35,839 Missouri 3,624
Montana 210 North Carolina 6,878
North Dakota 75 Nebraska 11,543
New York 160 Ohio 14,677
Oklahoma 1,574 Pennsylvania 4,115
South Dakota 1,859 Wisconsin 470
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