USDA National Daily Direct Morning Hog Report 03/25 10:55
03/25/2026 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 03/25 10:55
LSDLM_HG216
Des Moines, IA Wed, Mar 25, 2026
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 4,211 2,961 6,605 6,802
Other Market Formula 16,986 16,646 15,072 19,199
Swine/Pork Market Formula 103,345 87,212 97,104 86,853
Other Purchase Arrangement 47,734 43,944 48,619 51,894
Negotiated Formula 1,420 1,420 305
Pack. Sold (all purchase types) 24,005 24,005 30,174 29,514
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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 1,444
Lowest Base Price 88.00
Highest Base Price 92.00
Weighted Average Price 91.27
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 1,205
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,649
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,859 8,295 12,050 4,809
Lowest Base Price 79.92 89.55
Highest Base Price 93.52 93.52
Weighted Average Price 88.49 91.20
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,172 53,840 63,843 30,775
Lowest Base Price 80.59 83.05 81.51 80.59
Highest Base Price 97.13 97.13 97.13 95.62
Weighted Average Price 90.55 90.35 90.43 90.50
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 44,323 26,083 27,201 15,666
Lowest Base Price 82.48 83.69 83.69 82.48
Highest Base Price 102.78 102.78 102.78 100.73
Weighted Average Price 90.98 91.87 91.88 89.36
Change from Previous Day
Negotiated (live basis)
Head Count 1,319
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 305
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,624
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# -26.00 -25.00 175# -4.00 .00 205# .00 4.00
155# -26.00 -10.00 185# -1.00 .00 215# .00 4.00
165# -26.00 -5.00 195# .00 3.00 225# .00 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.65
Price Range $92.00 - $96.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,087 Iowa 58,256
Idaho 166 Illinois 17,726
Indiana 6,661 Kansas 1,194
Kentucky 1,727 Michigan 4,355
Minnesota 32,894 Missouri 3,759
North Carolina 7,263 North Dakota 170
Nebraska 9,053 Ohio 13,129
Oklahoma 1,844 Pennsylvania 4,305
South Dakota 3,984 Tennessee 2,805
Wisconsin 810
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