USDA National Daily Direct Morning Hog Report 07/25 10:55
07/25/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 07/25 10:55
LSDLM_HG216
Des Moines, IA Fri, Jul 25, 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 3,146 1,896 1,749 1,542
Other Market Formula 20,169 19,329 19,482 22,809
Swine/Pork Market Formula 97,408 83,748 87,813 98,377
Other Purchase Arrangement 46,939 43,544 44,408 46,254
Negotiated Formula 170 170 170 320
Pack. Sold (all purchase types) 23,015 23,015 23,081 20,237
--------------------------------------------------------------------------------
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 1,329
Lowest Base Price 98.00
Highest Base Price 115.00
Weighted Average Price 109.26 109.63 109.63
Change from Previous Day -4.55 -3.43
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 1,329
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 19,963 15,990 19,305 658
Lowest Base Price 80.68
Highest Base Price 110.32
Weighted Average Price 102.27
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,921 59,711 68,488 28,476
Lowest Base Price 99.91 100.37 100.37 99.91
Highest Base Price 117.47 117.47 117.47 116.61
Weighted Average Price 108.79 108.94 108.98 108.21
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 43,074 21,200 23,890 18,531
Lowest Base Price 79.84 79.84 79.84 85.37
Highest Base Price 117.49 117.49 117.49 115.07
Weighted Average Price 105.14 106.45 106.46 103.27
Change from Previous Day
Negotiated (live basis)
Head Count 567
Lowest Base Price 70.00
Highest Base Price 88.90
Weighted Average Price 79.80
Change from Previous Day -2.46
Negotiated Formula (live basis)
Head Count 170
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 737
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -4.00 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# .00 3.00 225# -30.00 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog7 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.05
Price Range $105.00 - $117.50
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,795 Iowa 69,496
Illinois 16,685 Indiana 6,291
Kansas 1,209 Kentucky 1,573
Michigan 4,880 Minnesota 29,186
Missouri 1,765 North Carolina 6,481
North Dakota 170 Nebraska 9,670
Ohio 12,151 Oklahoma 880
Pennsylvania 3,287 South Dakota 3,816
Wisconsin 367
--------------------------------------------------------------------------------
[0600059D]