USDA National Daily Direct Hog Prior Day Report 03/25 07:50
03/25/2026 | 8:00 am CDT USDA National Daily Direct Hog Prior Day Report 03/25 07:50
LM_HG218
Des Moines, IA Wed, Mar 25, 2026
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 9,221 14,258 11,222
Other Market Formula 22,136 20,746 21,421
Swine/Pork Market Formula 129,986 126,694 121,999
Other Purchase Arrangement 62,312 61,539 56,104
Negotiated Formula 1,205 100 165
Pack. Sold (all purchase types) 33,855 32,997 34,924
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 6,720 19,302 122,882 59,064 1,205 209,173
Base Price 92.52 87.76 90.15 89.82 89.87
Packer Sold
Head Count 33,337
Base Price 90.39
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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 8,320
Lowest Base Price 89.00
Highest Base Price 93.00
Weighted Average Price 92.62 92.64 92.63
Negotiated Formula (carcass basis)
Head Count 1,205
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 9,525
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 23,522 8,874 13,649 9,873
Lowest Base Price 79.92 80.95
Highest Base Price 93.78 93.78
Weighted Average Price 88.48 89.65
Swine/Pork Market Formula (carcass basis)
Head Count 147,091 83,729 103,206 39,062
Lowest Base Price 81.51 83.34 81.51 81.51
Highest Base Price 97.13 97.13 97.13 95.62
Weighted Average Price 90.08 89.85 89.82 90.48
Other Purchase Arrangement (carcass basis)
Head Count 62,372 39,414 41,213 19,025
Lowest Base Price 82.48 84.23 84.23 82.48
Highest Base Price 102.78 102.78 102.78 100.73
Weighted Average Price 89.95 90.15 90.23 89.18
Negotiated (live basis)
Head Count 2,019
Lowest Base Price 64.00
Highest Base Price 75.00
Weighted Average Price 72.18 73.78
Negotiated Formula (live basis)
Head Count 140
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,159
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .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 Hog216.58 lb carcass .64 inch back-fat
8.30 square inch loin 2.76 inch loin depth FFLI: 53.65
Price Range $92.00 - $97.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 17 Canada 7,582
Iowa 92,080 Illinois 21,701
Indiana 13,498 Kansas 1,194
Kentucky 2,085 Michigan 9,076
Minnesota 49,830 Missouri 3,895
North Carolina 7,263 North Dakota 170
Nebraska 14,443 Ohio 14,059
Oklahoma 1,952 Pennsylvania 4,151
South Dakota 10,683 Tennessee 4,290
Wisconsin 746
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