USDA National Daily Direct Morning Hog Report 10/31 10:55
10/31/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 10/31 10:55
LSDLM_HG216
Des Moines, IA Fri, Oct 31, 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 1,636 1,136 1,708 967
Other Market Formula 23,932 23,592 16,389 53,897
Swine/Pork Market Formula 119,162 101,276 86,310 93,979
Other Purchase Arrangement 51,441 48,343 49,346 47,961
Negotiated Formula 1,137 1,137 330 1,306
Pack. Sold (all purchase types) 26,872 26,872 22,600 26,780
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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 309
Lowest Base Price 84.00
Highest Base Price 86.00
Weighted Average Price 85.41
Change from Previous Day
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 309
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 24,626 13,315 19,051 5,575
Lowest Base Price 70.50 70.50 75.21
Highest Base Price 93.88 92.78 93.88
Weighted Average Price 80.42 80.01 83.92
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 116,422 65,101 73,885 38,701
Lowest Base Price 82.11 82.11 82.11 83.48
Highest Base Price 94.53 93.70 93.70 94.53
Weighted Average Price 89.55 89.10 89.09 90.11
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 48,731 27,326 29,749 17,513
Lowest Base Price 78.03 78.03 78.03 81.38
Highest Base Price 99.27 98.16 98.16 99.27
Weighted Average Price 90.01 89.85 89.84 90.14
Change from Previous Day
Negotiated (live basis)
Head Count 827
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,137
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,964
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 -21.50 175# -8.60 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -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 Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.35
Price Range $87.68 - $89.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,942 Colorado 161
Iowa 72,386 Illinois 16,040
Indiana 13,899 Kansas 514
Kentucky 2,530 Michigan 6,705
Minnesota 33,935 Missouri 3,186
Montana 219 North Carolina 7,436
North Dakota 493 Nebraska 13,843
Ohio 14,438 Oklahoma 1,597
Pennsylvania 4,730 South Dakota 2,162
Tennessee 2,640 Wisconsin 335
Wyoming 165
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