USDA National Daily Direct Hog Prior Day Report 07/03 07:55
07/03/2025 | 8:00 am CDT USDA National Daily Direct Hog Prior Day Report 07/03 07:55
LM_HG218
Des Moines, IA Thu, Jul 03, 2025
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 4,757 2,284
Other Market Formula 28,756 26,479
Swine/Pork Market Formula 116,043 119,309
Other Purchase Arrangement 55,335 54,996
Negotiated Formula 320 1,124
Pack. Sold (all purchase types) 29,356 29,162
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 4,116 25,696 111,594 52,408 193,814
Base Price 111.25 97.60 106.42 101.96 104.15
Packer Sold
Head Count 29,332
Base Price 106.57
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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 4,116
Lowest Base Price 105.00
Highest Base Price 114.00
Weighted Average Price 111.25 110.85 111.25
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,116
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 26,986 12,629 15,169 11,817
Lowest Base Price 81.73 84.43
Highest Base Price 112.10 110.25
Weighted Average Price 98.10 92.38
Swine/Pork Market Formula (carcass basis)
Head Count 135,835 80,236 93,413 38,328
Lowest Base Price 94.33 94.33 94.33 95.45
Highest Base Price 116.06 115.56 115.56 115.36
Weighted Average Price 106.40 106.06 106.22 106.24
Other Purchase Arrangement (carcass basis)
Head Count 56,209 30,821 34,043 20,713
Lowest Base Price 80.31 80.31 80.31 85.37
Highest Base Price 113.90 113.90 113.90 105.00
Weighted Average Price 102.35 104.32 104.82 97.91
Negotiated (live basis)
Head Count 534
Lowest Base Price 73.50
Highest Base Price 88.00
Weighted Average Price 79.64 81.84
Negotiated Formula (live basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 854
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog209.74 lb carcass .68 inch back-fat
7.66 square inch loin 2.55 inch loin depth FFLI: 52.76
Price Range $110.00 - $119.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,943 Colorado 160
Iowa 88,230 Illinois 19,818
Indiana 13,742 Kansas 1,977
Kentucky 1,471 Michigan 8,026
Minnesota 39,723 Missouri 2,563
North Carolina 7,063 Nebraska 8,964
Ohio 23,828 Oklahoma 1,556
Pennsylvania 3,785 South Dakota 8,399
Wisconsin 319
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