USDA National Daily Direct Hog Prior Day Report 09/25 07:55
09/25/2025 | 7:59 am CDT USDA National Daily Direct Hog Prior Day Report 09/25 07:55
LM_HG218
Des Moines, IA Thu, Sep 25, 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 9,421 8,321 7,267
Other Market Formula 34,359 28,072 32,521
Swine/Pork Market Formula 132,294 135,732 129,766
Other Purchase Arrangement 61,805 55,692 62,087
Negotiated Formula 813 210 3,193
Pack. Sold (all purchase types) 30,679 27,769 32,855
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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 6,116 31,243 127,177 58,355 222,891
Base Price 104.11 92.77 103.12 99.00 100.62
Packer Sold
Head Count 30,628
Base Price 102.32
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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 6,116
Lowest Base Price 98.00
Highest Base Price 108.00
Weighted Average Price 104.11 103.90 103.96
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 6,116
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 34,773 15,056 19,646 15,127
Lowest Base Price 73.45 73.45 78.32
Highest Base Price 106.95 106.95 104.00
Weighted Average Price 93.48 91.13 95.39
Swine/Pork Market Formula (carcass basis)
Head Count 149,793 85,559 102,951 43,038
Lowest Base Price 93.77 94.65 94.65 93.77
Highest Base Price 112.74 110.33 110.33 112.74
Weighted Average Price 103.08 102.96 102.97 103.13
Other Purchase Arrangement (carcass basis)
Head Count 62,837 39,649 42,458 18,579
Lowest Base Price 72.02 72.02 72.02 86.38
Highest Base Price 111.73 111.73 111.73 105.36
Weighted Average Price 99.19 99.41 99.56 97.76
Negotiated (live basis)
Head Count 3,013
Lowest Base Price 70.25
Highest Base Price 83.00
Weighted Average Price 79.54 77.53
Negotiated Formula (live basis)
Head Count 813
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,826
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# -10.55 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -26.00 .00 195# .00 3.00 225# -30.00 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog214.75 lb carcass .61 inch back-fat
7.91 square inch loin 2.63 inch loin depth FFLI: 53.87
Price Range $102.00 - $109.32
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,148 Colorado 160
Iowa 90,184 Illinois 18,980
Indiana 13,963 Kansas 1,716
Kentucky 1,624 Michigan 6,444
Minnesota 58,576 Missouri 3,283
North Carolina 6,780 North Dakota 349
Nebraska 16,407 New York 160
Ohio 32,391 Oklahoma 1,552
Pennsylvania 3,961 South Carolina 165
South Dakota 6,722 Tennessee 330
Wisconsin 476
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