USDA National Daily Direct Morning Hog Report 09/04 11:05
09/04/2025 | 11:05 am CDT USDA National Daily Direct Morning Hog Report 09/04 11:05
LSDLM_HG216
Des Moines, IA Thu, Sep 04, 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 4,199 3,039 2,820 2,258
Other Market Formula 13,555 12,759 51,722 25,244
Swine/Pork Market Formula 96,397 82,552 99,913 93,590
Other Purchase Arrangement 51,430 48,021 52,738 53,204
Negotiated Formula 365 365 610
Pack. Sold (all purchase types) 23,721 23,721 24,769 23,425
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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 3,205
Lowest Base Price 100.00
Highest Base Price 109.00
Weighted Average Price 105.82 105.94 106.17
Change from Previous Day .17 -.54 -.31
Negotiated Formula (carcass basis)
Head Count 200
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,405
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 13,823 6,044 11,289 2,534
Lowest Base Price 76.57 76.57 76.57 88.75
Highest Base Price 101.05 101.05 101.05 96.80
Weighted Average Price 90.98 92.38 91.14 90.24
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 95,323 51,181 61,296 30,227
Lowest Base Price 96.03 96.03 96.03 97.66
Highest Base Price 111.86 111.86 111.86 111.42
Weighted Average Price 105.05 104.93 104.85 105.27
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 47,862 30,778 32,263 14,640
Lowest Base Price 76.91 76.91 76.91 83.99
Highest Base Price 113.20 113.20 113.20 107.27
Weighted Average Price 101.38 101.60 101.56 100.66
Change from Previous Day
Negotiated (live basis)
Head Count 1,114
Lowest Base Price 69.75
Highest Base Price 81.60
Weighted Average Price 77.31
Change from Previous Day -4.41
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,279
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 -13.00 175# -3.25 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# .00 3.00 225# -1.33 1.00
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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 $107.00 - $109.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,354 Iowa 54,243
Illinois 17,249 Indiana 6,551
Kansas 1,378 Kentucky 1,221
Michigan 4,391 Minnesota 36,464
Missouri 1,713 Montana 644
North Carolina 6,515 Nebraska 12,424
Ohio 14,097 Oklahoma 1,891
Pennsylvania 3,602 South Carolina 165
South Dakota 3,895 Wisconsin 660
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