USDA National Daily Direct Afternoon Hog Report 10/22 15:00
10/22/2025 | 3:00 pm CDT USDA National Daily Direct Afternoon Hog Report 10/22 15:00
LSDLM_HG217
Des Moines, IA Wed, Oct 22, 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 11,711 11,711 7,092 3,724
Other Market Formula 19,037 19,037 26,067 28,065
Swine/Pork Market Formula 135,008 135,008 137,411 140,724
Other Purchase Arrangement 74,185 74,185 160,918 64,513
Negotiated Formula 1,177 1,177 822 2,418
Pack. Sold (all purchase types) 32,906 32,906 31,723 38,609
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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 9,086
Lowest Base Price 85.00
Highest Base Price 93.00
Weighted Average Price 88.16 88.17 88.15
Change from Previous Day -1.36 -1.44 -1.43
Negotiated Formula (carcass basis)
Head Count 330
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 9,416
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,824 11,790 15,751 3,073
Lowest Base Price 71.99 72.25 71.99
Highest Base Price 101.10 97.16 101.10
Weighted Average Price 81.01 80.60 80.79
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 153,418 88,822 105,062 44,256
Lowest Base Price 83.09 83.09 83.09 83.96
Highest Base Price 98.23 97.58 97.58 98.23
Weighted Average Price 91.90 91.43 91.44 92.61
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 74,279 48,489 51,447 21,694
Lowest Base Price 79.52 79.52 79.52 81.53
Highest Base Price 105.21 100.13 100.13 105.21
Weighted Average Price 89.65 89.14 89.12 90.62
Change from Previous Day
Negotiated (live basis)
Head Count 3,891
Lowest Base Price 62.50
Highest Base Price 71.00
Weighted Average Price 69.74 69.64 69.64 69.97
Change from Previous Day 1.47
Negotiated Formula (live basis)
Head Count 805
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 4,696
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 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.43
Price Range $87.00 - $94.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,133 Iowa 105,079
Illinois 16,098 Indiana 15,110
Kansas 1,196 Kentucky 684
Michigan 8,567 Minnesota 59,425
Missouri 2,571 North Carolina 6,900
North Dakota 294 Nebraska 16,610
New York 160 Ohio 23,383
Oklahoma 1,555 Pennsylvania 4,730
South Carolina 150 South Dakota 5,592
Wisconsin 787
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