USDA National Daily Direct Hog Prior Day Report 09/23 07:55
09/23/2025 | 7:59 am CDT USDA National Daily Direct Hog Prior Day Report 09/23 07:55
LM_HG218
Des Moines, IA Tue, Sep 23, 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 14,980 7,297 2,516
Other Market Formula 15,814 19,609 41,570
Swine/Pork Market Formula 135,541 180,624 126,662
Other Purchase Arrangement 56,712 83,931 53,981
Negotiated Formula 477 2,015
Pack. Sold (all purchase types) 31,544 32,172 39,183
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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 14,229 12,877 130,143 53,657 210,906
Base Price 107.05 91.60 103.32 99.47 101.87
Packer Sold
Head Count 31,508
Base Price 102.79
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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 14,229
Lowest Base Price 98.00
Highest Base Price 110.00
Weighted Average Price 107.05 107.13 107.06
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 14,229
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 16,397 9,413 13,408 2,989
Lowest Base Price 75.75 78.32
Highest Base Price 100.18 100.18
Weighted Average Price 93.36 90.26
Swine/Pork Market Formula (carcass basis)
Head Count 154,158 89,581 107,724 42,209
Lowest Base Price 94.08 94.12 94.08 94.08
Highest Base Price 111.34 111.34 111.34 110.03
Weighted Average Price 103.34 102.99 102.93 104.12
Other Purchase Arrangement (carcass basis)
Head Count 57,966 35,857 38,379 19,097
Lowest Base Price 77.13 77.13 77.13 86.31
Highest Base Price 111.53 111.53 111.53 106.01
Weighted Average Price 99.61 100.38 100.38 97.90
Negotiated (live basis)
Head Count 660
Lowest Base Price 72.75
Highest Base Price 84.05
Weighted Average Price 79.91 81.57
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 660
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 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog214.96 lb carcass .61 inch back-fat
7.85 square inch loin 2.61 inch loin depth FFLI: 53.84
Price Range $105.00 - $110.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,142 Iowa 95,682
Illinois 21,811 Indiana 15,788
Kansas 2,291 Kentucky 1,940
Maryland 151 Michigan 5,700
Minnesota 53,775 Missouri 2,324
Montana 448 North Carolina 6,795
Nebraska 15,118 Ohio 14,979
Oklahoma 1,213 Pennsylvania 4,195
South Dakota 7,842 Texas 49
Wisconsin 684
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