USDA National Daily Direct Afternoon Hog Report 09/26 14:55
09/26/2025 | 2:55 pm CDT USDA National Daily Direct Afternoon Hog Report 09/26 14:55
LSDLM_HG217
Des Moines, IA Fri, Sep 26, 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 3,600 3,600 8,215 4,472
Other Market Formula 35,307 35,307 51,690 28,887
Swine/Pork Market Formula 138,095 138,095 150,323 138,516
Other Purchase Arrangement 59,395 59,395 56,250 57,327
Negotiated Formula 973 2,050
Pack. Sold (all purchase types) 33,113 33,113 22,695 32,900
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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 1,869
Lowest Base Price 95.00
Highest Base Price 106.00
Weighted Average Price 103.18 103.95 103.93
Change from Previous Day -1.32 -.87 -1.08
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 1,869
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 35,581 14,069 18,501 17,080
Lowest Base Price 77.25 77.94
Highest Base Price 107.05 107.05
Weighted Average Price 97.47 94.87
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 156,026 83,542 101,022 50,380
Lowest Base Price 93.23 93.77 93.77 93.23
Highest Base Price 109.89 109.89 109.89 109.35
Weighted Average Price 102.67 102.67 102.45 102.85
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 63,053 33,741 37,936 23,165
Lowest Base Price 77.13 77.13 77.13 86.26
Highest Base Price 117.00 117.00 117.00 106.79
Weighted Average Price 100.21 101.59 101.78 97.28
Change from Previous Day
Negotiated (live basis)
Head Count 1,464
Lowest Base Price 69.50
Highest Base Price 82.30
Weighted Average Price 80.02
Change from Previous Day .55
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,464
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# -10.55 1.00 205# .00 3.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 3.00
165# -15.00 .00 195# .00 3.00 225# -30.00 1.06
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog1 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.88
Price Range $102.50 - $107.61
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,374 Iowa 86,055
Illinois 32,792 Indiana 19,571
Kansas 1,781 Kentucky 2,952
Michigan 9,292 Minnesota 47,664
Missouri 2,554 Montana 234
North Carolina 6,780 North Dakota 338
Nebraska 17,637 New York 160
Ohio 19,702 Oklahoma 1,386
Pennsylvania 4,687 South Dakota 6,855
Tennessee 2,075 Wisconsin 621
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