USDA National Daily Direct Morning Hog Report 09/03 10:55
09/03/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 09/03 10:55
LSDLM_HG216
Des Moines, IA Wed, Sep 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 7,449 6,255 3,454 5,185
Other Market Formula 32,852 32,387 28,874 83,159
Swine/Pork Market Formula 105,973 91,476 86,465 112,651
Other Purchase Arrangement 55,743 52,334 52,024 53,703
Negotiated Formula 321 321 335
Pack. Sold (all purchase types) 23,359 23,359 25,129 30,972
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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 4,030
Lowest Base Price 90.00
Highest Base Price 108.00
Weighted Average Price 105.65 106.48 106.48
Change from Previous Day
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 4,030
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 31,567 10,203 13,393 18,174
Lowest Base Price 76.25 78.32
Highest Base Price 100.07 99.25
Weighted Average Price 93.25 94.89
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 105,449 63,959 74,589 27,438
Lowest Base Price 96.03 96.03 96.03 96.53
Highest Base Price 112.46 112.46 112.46 111.67
Weighted Average Price 104.46 104.17 104.11 105.11
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,581 31,899 33,054 18,086
Lowest Base Price 76.91 76.91 76.91 86.50
Highest Base Price 112.57 112.57 112.57 106.89
Weighted Average Price 101.21 101.57 101.47 100.21
Change from Previous Day
Negotiated (live basis)
Head Count 1,925
Lowest Base Price 77.75
Highest Base Price 83.70
Weighted Average Price 81.72
Change from Previous Day 2.22
Negotiated Formula (live basis)
Head Count 321
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,246
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# -30.00 -14.62 175# -4.00 1.00 205# .00 4.00
155# -30.00 -9.00 185# .00 1.50 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 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: 54.12
Price Range $90.00 - $112.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,562 Iowa 70,747
Illinois 30,524 Indiana 6,246
Kansas 1,876 Kentucky 1,575
Michigan 5,676 Minnesota 40,761
Missouri 1,457 North Carolina 6,556
North Dakota 175 Nebraska 10,958
Ohio 16,473 Oklahoma 1,647
Pennsylvania 4,572 South Dakota 2,790
Wisconsin 537
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