USDA National Daily Direct Afternoon Hog Report 09/23 15:08
09/23/2025 | 3:08 pm CDT USDA National Daily Direct Afternoon Hog Report 09/23 15:08
LSDLM_HG217
Des Moines, IA Tue, Sep 23, 2025
DAILY DIRECT AFTERNOON 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 11,240 11,240 14,674 11,649
Other Market Formula 20,850 20,850 19,417 43,241
Swine/Pork Market Formula 134,379 134,379 144,540 125,240
Other Purchase Arrangement 58,387 58,387 60,909 57,165
Negotiated Formula 165 165 649 2,160
Pack. Sold (all purchase types) 33,505 33,505 32,844 37,432
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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 9,285
Lowest Base Price 96.00
Highest Base Price 110.50
Weighted Average Price 106.99 107.15 107.17
Change from Previous Day .16 .21 .33
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 9,285
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 21,254 13,235 17,550 3,704
Lowest Base Price 75.75 75.75 82.65
Highest Base Price 102.00 99.80 102.00
Weighted Average Price 92.89 90.71 96.85
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 154,592 91,115 104,998 45,977
Lowest Base Price 94.08 94.12 94.12 94.08
Highest Base Price 111.34 111.34 111.34 110.03
Weighted Average Price 103.42 102.81 103.02 104.14
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 60,392 32,449 35,291 23,813
Lowest Base Price 77.13 77.13 77.13 86.31
Highest Base Price 111.53 111.53 111.53 106.01
Weighted Average Price 99.56 100.82 100.84 97.27
Change from Previous Day
Negotiated (live basis)
Head Count 1,625
Lowest Base Price 72.75
Highest Base Price 84.05
Weighted Average Price 80.15
Change from Previous Day 1.41
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,790
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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# -30.00 -13.00 175# -10.80 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 Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.84
Price Range $103.50 - $110.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,774 Iowa 95,012
Illinois 21,553 Indiana 15,005
Kansas 1,711 Kentucky 1,260
Maryland 151 Michigan 7,445
Minnesota 51,963 Missouri 2,123
Montana 227 North Carolina 6,851
Nebraska 11,774 Ohio 22,288
Oklahoma 1,203 Pennsylvania 6,221
South Dakota 7,961 Wisconsin 1,004
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