USDA National Daily Direct Hog Prior Day Report 10/23 08:50
10/23/2025 | 8:50 am CDT USDA National Daily Direct Hog Prior Day Report 10/23 08:50
LM_HG218
Des Moines, IA Thu, Oct 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 9,815 5,191 3,916
Other Market Formula 17,894 21,634 35,761
Swine/Pork Market Formula 126,000 127,537 125,089
Other Purchase Arrangement 65,196 161,028 62,213
Negotiated Formula 791 655 1,781
Pack. Sold (all purchase types) 32,319 32,260 32,535
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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 6,706 14,447 120,751 60,279 330 202,513
Base Price 88.86 80.59 91.48 89.60 90.06
Packer Sold
Head Count 32,278
Base Price 90.17
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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 7,366
Lowest Base Price 83.00
Highest Base Price 93.00
Weighted Average Price 88.61 88.61 88.61
Negotiated Formula (carcass basis)
Head Count 330
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 7,696
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 17,310 11,107 14,914 2,396
Lowest Base Price 69.25 69.92 71.99
Highest Base Price 101.10 98.03 101.10
Weighted Average Price 80.98 80.36 83.31
Swine/Pork Market Formula (carcass basis)
Head Count 143,899 81,538 97,839 42,451
Lowest Base Price 83.09 83.09 83.09 85.09
Highest Base Price 97.98 96.88 96.88 97.98
Weighted Average Price 91.52 91.20 91.12 92.09
Other Purchase Arrangement (carcass basis)
Head Count 65,886 43,179 46,187 18,561
Lowest Base Price 75.52 75.52 75.52 81.53
Highest Base Price 105.21 99.29 99.29 105.21
Weighted Average Price 89.47 88.98 89.00 90.30
Negotiated (live basis)
Head Count 3,050
Lowest Base Price 57.25
Highest Base Price 71.00
Weighted Average Price 68.44 67.08
Negotiated Formula (live basis)
Head Count 461
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,511
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 -13.00 175# -9.00 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# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog217.56 lb carcass .64 inch back-fat
7.94 square inch loin 2.64 inch loin depth FFLI: 53.42
Price Range $87.00 - $94.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,007 Colorado 158
Iowa 91,191 Illinois 18,535
Indiana 14,479 Kansas 1,160
Kentucky 1,063 Michigan 6,791
Minnesota 55,854 Missouri 2,779
North Carolina 7,715 Nebraska 15,116
New York 162 Ohio 19,348
Oklahoma 1,686 Pennsylvania 4,034
South Carolina 165 South Dakota 7,447
Wisconsin 325
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