USDA National Daily Direct Hog Prior Day Report 10/27 07:55
10/27/2025 | 7:59 am CDT USDA National Daily Direct Hog Prior Day Report 10/27 07:55
LM_HG218
Des Moines, IA Mon, Oct 27, 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 1,879 2,637 4,604
Other Market Formula 24,668 28,433 47,981
Swine/Pork Market Formula 181,038 181,106 168,705
Other Purchase Arrangement 127,080 111,489 162,614
Negotiated Formula 1,282 2,078 2,698
Pack. Sold (all purchase types) 39,975 36,245 47,141
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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 1,120 23,372 176,271 123,537 150 324,450
Base Price 85.92 78.86 90.79 87.61 88.70
Packer Sold
Head Count 39,939
Base Price 89.14
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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 1,120
Lowest Base Price 78.00
Highest Base Price 88.50
Weighted Average Price 85.92 85.65 85.65
Negotiated Formula (carcass basis)
Head Count 150
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,270
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 27,870 16,311 25,086 2,784
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 202,961 128,091 152,681 47,557
Lowest Base Price 80.58 82.96 81.78 80.58
Highest Base Price 96.63 95.63 95.63 96.63
Weighted Average Price 90.84 90.66 90.48 91.76
Other Purchase Arrangement (carcass basis)
Head Count 132,608 99,199 104,628 25,877
Lowest Base Price 69.00 69.00 69.00 75.90
Highest Base Price 106.18 106.18 106.18 99.79
Weighted Average Price 87.55 87.21 87.39 87.75
Negotiated (live basis)
Head Count 639
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 992
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,631
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# -8.85 1.00 205# .00 4.00
155# -30.00 -11.82 185# -1.00 1.50 215# .00 4.00
165# -25.00 -3.37 195# -.50 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog217.37 lb carcass .65 inch back-fat
7.97 square inch loin 2.65 inch loin depth FFLI: 53.30
Price Range $85.00 - $91.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,371 Iowa 172,638
Illinois 22,948 Indiana 21,106
Kansas 3,467 Kentucky 1,251
Michigan 7,421 Minnesota 72,788
Missouri 4,285 Montana 222
North Carolina 7,448 Nebraska 22,160
Ohio 17,894 Pennsylvania 3,819
South Dakota 12,171 Texas 57
Wisconsin 1,196
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