USDA National Daily Direct Afternoon Hog Report 10/27 14:55
10/27/2025 | 2:55 pm CDT USDA National Daily Direct Afternoon Hog Report 10/27 14:55
LSDLM_HG217
Des Moines, IA Mon, Oct 27, 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 2,232 2,232 4,039 5,286
Other Market Formula 27,267 27,267 25,136 46,601
Swine/Pork Market Formula 181,859 181,859 172,947 165,668
Other Purchase Arrangement 135,293 135,293 107,195 171,684
Negotiated Formula 1,762 1,762 2,078 1,583
Pack. Sold (all purchase types) 41,000 41,000 40,881 49,386
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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 1,485
Lowest Base Price 77.00
Highest Base Price 86.25
Weighted Average Price 85.29
Change from Previous Day -.27
Negotiated Formula (carcass basis)
Head Count 150
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,635
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 29,450 15,808 23,137 6,313
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 206,940 127,168 152,392 51,997
Lowest Base Price 82.96 82.96 82.96 84.21
Highest Base Price 98.89 98.89 98.89 96.28
Weighted Average Price 91.11 90.80 90.62 92.34
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 138,789 98,976 103,867 33,792
Lowest Base Price 69.00 69.00 69.00 75.90
Highest Base Price 99.79 99.39 99.39 99.79
Weighted Average Price 87.53 87.05 87.04 88.79
Change from Previous Day
Negotiated (live basis)
Head Count 670
Lowest Base Price 56.00
Highest Base Price 67.65
Weighted Average Price 65.03
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,472
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,142
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 -14.62 175# -4.00 1.00 205# .00 3.00
155# -30.00 -11.82 185# -1.00 1.50 215# .00 3.00
165# -15.00 -3.37 195# -.50 3.00 225# -1.33 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog7 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.30
Price Range $84.00 - $89.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,006 Iowa 171,116
Illinois 25,122 Indiana 21,776
Kansas 3,788 Kentucky 1,192
Michigan 11,295 Minnesota 72,728
Missouri 4,023 Montana 673
North Carolina 7,448 Nebraska 21,736
Ohio 25,549 Pennsylvania 7,146
South Dakota 10,614 Wisconsin 1,201
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