USDA National Daily Direct Morning Hog Report 07/03 11:05
07/03/2025 | 11:05 am CDT USDA National Daily Direct Morning Hog Report 07/03 11:05
LSDLM_HG216
Des Moines, IA Thu, Jul 03, 2025
DAILY DIRECT MORNING HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold
Negotiated 3,821 2,571 1,408
Other Market Formula 21,920 21,512 20,242
Swine/Pork Market Formula 96,580 82,509 79,552
Other Purchase Arrangement 50,419 47,311 43,349
Negotiated Formula 320 320 1,145
Pack. Sold (all purchase types) 19,104 19,104 24,059
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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 2,094
Lowest Base Price 106.00
Highest Base Price 113.00
Weighted Average Price 109.36 109.83 110.04
Change from Previous Day -2.73 -1.60 -2.05
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,094
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 19,998 11,338 14,858 5,140
Lowest Base Price 81.73 84.01
Highest Base Price 112.65 112.65
Weighted Average Price 100.16 95.62
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 94,067 55,478 64,054 26,239
Lowest Base Price 94.13 94.33 94.33 94.13
Highest Base Price 116.06 115.56 115.56 115.06
Weighted Average Price 105.87 105.57 105.55 105.71
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 46,497 26,559 27,886 18,448
Lowest Base Price 80.31 80.31 80.31 85.37
Highest Base Price 113.90 113.90 113.90 106.39
Weighted Average Price 102.09 104.64 104.72 98.07
Change from Previous Day
Negotiated (live basis)
Head Count 477
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 797
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT MORNING HOG REPORT (PDF) (LSDLM_HG216) DAILY
DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on both Fat and Muscle Measurements for a 200 lb Carcass Basis
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CARCASS WEIGHT DIFFERENTIALS
145# -25.00 -13.00 175# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.50 .00 215# -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 Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.76
Price Range $110.61 - $113.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,832 Colorado 160
Iowa 65,036 Illinois 18,441
Indiana 5,638 Kansas 1,952
Kentucky 1,337 Michigan 5,605
Minnesota 30,189 Missouri 2,563
Montana 449 North Carolina 7,063
Nebraska 8,329 Ohio 13,741
Oklahoma 1,556 Pennsylvania 4,460
South Dakota 2,657 Wisconsin 319
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