USDA National Daily Direct Hog Prior Day Report 09/03 07:50
09/03/2025 | 7:59 am CDT USDA National Daily Direct Hog Prior Day Report 09/03 07:50
LM_HG218
Des Moines, IA Wed, Sep 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 13,874 10,125 6,101
Other Market Formula 157,286 30,335 90,992
Swine/Pork Market Formula 131,843 130,008 125,442
Other Purchase Arrangement 59,576 54,885 49,865
Negotiated Formula 633 105 40
Pack. Sold (all purchase types) 30,738 32,863 33,722
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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 9,446 154,498 126,186 56,309 160 346,599
Base Price 106.31 87.70 104.13 100.56 96.29
Packer Sold
Head Count 30,685
Base Price 103.16
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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 9,446
Lowest Base Price 96.00
Highest Base Price 109.00
Weighted Average Price 106.31 106.45 106.44
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 9,606
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 157,138 28,072 31,660 125,478
Lowest Base Price 73.30 73.30 73.30
Highest Base Price 105.63 102.74 102.74
Weighted Average Price 87.83 89.26 89.51
Swine/Pork Market Formula (carcass basis)
Head Count 150,553 90,011 107,006 39,316
Lowest Base Price 96.03 96.03 96.03 96.53
Highest Base Price 112.46 112.46 112.46 111.67
Weighted Average Price 104.18 103.90 103.89 104.70
Other Purchase Arrangement (carcass basis)
Head Count 60,318 37,598 39,773 18,938
Lowest Base Price 76.91 76.91 76.91 86.50
Highest Base Price 112.57 112.57 112.57 106.70
Weighted Average Price 100.55 100.25 100.06 101.05
Negotiated (live basis)
Head Count 4,084
Lowest Base Price 77.75
Highest Base Price 83.70
Weighted Average Price 82.53 80.34
Negotiated Formula (live basis)
Head Count 473
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 4,557
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# -10.90 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 Hog212.84 lb carcass .61 inch back-fat
8.27 square inch loin 2.75 inch loin depth FFLI: 54.12
Price Range $103.50 - $113.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 45 Canada 4,324
Iowa 93,820 Illinois 53,635
Indiana 17,919 Kansas 1,876
Kentucky 1,745 Michigan 6,921
Minnesota 74,785 Missouri 1,457
Montana 671 North Carolina 6,773
North Dakota 175 Nebraska 13,691
Ohio 15,975 Oklahoma 1,647
Pennsylvania 4,207 South Dakota 8,781
Tennessee 85,000 Texas 11
Wisconsin 823
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