USDA National Daily Direct Hog Prior Day Report 09/15 08:00
09/15/2025 | 8:00 am CDT USDA National Daily Direct Hog Prior Day Report 09/15 08:00
LM_HG218
Des Moines, IA Mon, Sep 15, 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 2,205 3,240 2,377
Other Market Formula 50,067 81,415 33,889
Swine/Pork Market Formula 158,270 232,921 164,659
Other Purchase Arrangement 81,636 121,500 78,773
Negotiated Formula 169 1,256 2,856
Pack. Sold (all purchase types) 35,524 62,239 49,053
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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 1,375 48,281 153,237 77,838 280,731
Base Price 102.92 93.06 104.14 99.43 100.92
Packer Sold
Head Count 35,429
Base Price 104.41
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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 1,375
Lowest Base Price 96.00
Highest Base Price 105.00
Weighted Average Price 102.92 102.76
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,375
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 51,646 20,217 25,887 25,759
Lowest Base Price 73.30 73.30 73.30 82.96
Highest Base Price 107.10 107.10 107.10 100.32
Weighted Average Price 93.37 91.58 91.55 95.20
Swine/Pork Market Formula (carcass basis)
Head Count 175,169 107,827 124,800 46,400
Lowest Base Price 95.06 95.06 95.06 95.06
Highest Base Price 109.90 109.90 109.90 109.55
Weighted Average Price 104.21 104.12 104.08 104.31
Other Purchase Arrangement (carcass basis)
Head Count 88,300 50,881 55,431 31,553
Lowest Base Price 74.84 76.96 76.96 74.84
Highest Base Price 117.93 117.93 117.93 109.15
Weighted Average Price 100.20 102.71 102.74 95.50
Negotiated (live basis)
Head Count 643
Lowest Base Price 75.50
Highest Base Price 84.40
Weighted Average Price 82.65
Negotiated Formula (live basis)
Head Count 169
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 812
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# -32.00 -14.62 175# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.00 .00 215# -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 Hog215.62 lb carcass .64 inch back-fat
8.00 square inch loin 2.66 inch loin depth FFLI: 53.48
Price Range $103.50 - $110.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,793 Iowa 106,234
Illinois 28,274 Indiana 31,198
Kansas 2,197 Kentucky 3,086
Michigan 7,831 Minnesota 74,160
Missouri 3,391 North Carolina 6,900
Nebraska 15,305 Ohio 25,463
Oklahoma 1,571 Pennsylvania 3,493
South Dakota 9,005 Tennessee 4,290
Wisconsin 1,010
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