USDA National Daily Direct Afternoon Hog Report 10/21 14:55
10/21/2025 | 2:55 pm CDT USDA National Daily Direct Afternoon Hog Report 10/21 14:55
LSDLM_HG217
Des Moines, IA Tue, Oct 21, 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 14,362 14,362 7,452 5,276
Other Market Formula 15,968 15,968 22,774 30,862
Swine/Pork Market Formula 120,781 120,781 123,759 124,949
Other Purchase Arrangement 62,297 62,297 68,668 60,693
Negotiated Formula 947 947 1,348 1,386
Pack. Sold (all purchase types) 35,212 35,212 34,100 32,764
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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 16,970
Lowest Base Price 83.00
Highest Base Price 93.00
Weighted Average Price 89.52 89.61 89.58 89.13
Change from Previous Day -.22 -.89 -.83
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 16,970
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,065 10,294 14,675 1,390
Lowest Base Price 69.00 69.00 82.08
Highest Base Price 99.01 99.01 83.63
Weighted Average Price 81.62 80.78 83.24
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 139,997 74,899 90,577 45,597
Lowest Base Price 78.56 85.75 83.96 78.56
Highest Base Price 98.77 98.04 98.04 98.77
Weighted Average Price 93.00 92.75 92.68 93.27
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 64,324 38,140 40,825 22,380
Lowest Base Price 75.19 75.19 75.19 83.07
Highest Base Price 100.81 100.81 100.81 99.94
Weighted Average Price 90.66 90.12 90.13 91.32
Change from Previous Day
Negotiated (live basis)
Head Count 1,124
Lowest Base Price 62.75
Highest Base Price 71.15
Weighted Average Price 68.27
Change from Previous Day -2.05
Negotiated Formula (live basis)
Head Count 947
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,071
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# -32.00 -13.00 175# -9.00 1.00 205# .00 4.00
155# -30.00 -9.00 185# -1.50 1.50 215# .00 4.00
165# -25.00 -3.37 195# -.50 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.39
Price Range $87.00 - $94.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 340 Canada 4,570
Iowa 90,524 Illinois 21,494
Indiana 14,431 Kansas 2,029
Kentucky 170 Maryland 160
Michigan 9,180 Minnesota 47,913
Missouri 2,750 Montana 227
North Carolina 7,315 North Dakota 366
Nebraska 13,678 Ohio 20,043
Oklahoma 1,537 Pennsylvania 5,163
South Dakota 7,353 Wisconsin 295
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