USDA National Daily Direct Afternoon Hog Report 10/17 14:45
10/17/2025 | 2:45 pm CDT USDA National Daily Direct Afternoon Hog Report 10/17 14:45
LSDLM_HG217
Des Moines, IA Fri, Oct 17, 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 3,074 3,074 4,649 2,188
Other Market Formula 22,523 22,523 22,558 29,359
Swine/Pork Market Formula 139,570 139,570 143,559 150,546
Other Purchase Arrangement 71,193 71,193 65,592 52,160
Negotiated Formula 977 977 815 5,078
Pack. Sold (all purchase types) 29,959 29,959 28,912 28,843
--------------------------------------------------------------------------------
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 2,166
Lowest Base Price 84.00
Highest Base Price 92.00
Weighted Average Price 90.14 90.06 90.18 90.07
Change from Previous Day -1.33 -3.23 -3.11
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,326
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 22,792 13,033 18,472 4,320
Lowest Base Price 69.37 69.37 71.99
Highest Base Price 98.17 98.17 96.94
Weighted Average Price 80.09 80.29 80.70
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 153,919 80,947 96,235 54,496
Lowest Base Price 83.69 83.69 83.69 86.24
Highest Base Price 99.59 99.20 99.20 99.59
Weighted Average Price 93.61 93.53 93.41 93.68
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 75,385 43,086 46,371 26,419
Lowest Base Price 79.50 79.50 79.50 82.04
Highest Base Price 109.20 109.20 109.20 100.05
Weighted Average Price 91.06 90.84 91.06 90.65
Change from Previous Day
Negotiated (live basis)
Head Count 833
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 817
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,650
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -14.62 175# -9.15 1.00 205# .00 4.00
155# -30.00 -5.00 185# .00 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog3 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.44
Price Range $91.50 - $96.50
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 360 Canada 6,360
Colorado 161 Iowa 89,851
Illinois 19,646 Indiana 23,685
Kansas 1,400 Kentucky 1,416
Michigan 10,698 Minnesota 49,708
Missouri 3,375 Montana 236
North Carolina 6,647 North Dakota 332
Nebraska 15,239 Ohio 23,823
Oklahoma 952 Pennsylvania 6,077
South Dakota 6,665 Wisconsin 665
--------------------------------------------------------------------------------
[0600059D]