USDA National Daily Direct Hog Prior Day Report 10/28 07:50
10/28/2025 | 7:59 am CDT USDA National Daily Direct Hog Prior Day Report 10/28 07:50
LM_HG218
Des Moines, IA Tue, Oct 28, 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 7,448 5,242 5,336
Other Market Formula 21,052 17,495 22,577
Swine/Pork Market Formula 127,239 126,917 126,977
Other Purchase Arrangement 64,876 57,940 56,632
Negotiated Formula 2,050 947 1,996
Pack. Sold (all purchase types) 33,195 34,251 39,331
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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 6,118 18,243 122,352 61,256 207,969
Base Price 87.95 81.33 90.68 89.54 89.45
Packer Sold
Head Count 33,174
Base Price 88.73
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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 6,118
Lowest Base Price 77.00
Highest Base Price 90.00
Weighted Average Price 87.95 88.18 88.18
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 6,118
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 22,493 10,778 16,124 6,369
Lowest Base Price 69.25 74.50 71.99
Highest Base Price 97.16 97.16 96.67
Weighted Average Price 81.45 81.54 81.42
Swine/Pork Market Formula (carcass basis)
Head Count 146,137 86,541 102,433 39,403
Lowest Base Price 83.00 85.09 83.00 85.54
Highest Base Price 95.95 94.95 94.95 95.95
Weighted Average Price 90.69 90.18 90.17 91.69
Other Purchase Arrangement (carcass basis)
Head Count 66,716 43,491 45,956 19,630
Lowest Base Price 69.00 69.00 69.00 80.58
Highest Base Price 99.21 98.92 98.92 99.21
Weighted Average Price 89.23 88.38 88.30 91.09
Negotiated (live basis)
Head Count 1,253
Lowest Base Price 59.25
Highest Base Price 67.80
Weighted Average Price 64.26 65.34
Negotiated Formula (live basis)
Head Count 2,050
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,303
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# -4.00 1.00 205# .00 3.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 3.00
165# -15.00 -3.37 195# -.50 3.00 225# -1.33 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog217.56 lb carcass .63 inch back-fat
8.15 square inch loin 2.71 inch loin depth FFLI: 53.69
Price Range $84.50 - $90.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 340 Canada 4,774
Iowa 95,989 Illinois 20,354
Indiana 16,095 Kansas 2,528
Kentucky 1,581 Maryland 161
Michigan 8,170 Minnesota 51,191
Missouri 2,888 Montana 673
North Carolina 7,412 North Dakota 331
Nebraska 14,458 Ohio 14,034
Oklahoma 1,583 Pennsylvania 4,388
South Dakota 7,091 Tennessee 1,650
Wisconsin 490
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