USDA National Daily Direct Morning Hog Report 09/15 11:05
09/15/2025 | 11:05 am CDT USDA National Daily Direct Morning Hog Report 09/15 11:05
LSDLM_HG216
Des Moines, IA Mon, Sep 15, 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 1,978 728 1,377 1,207
Other Market Formula 22,306 21,466 34,428 31,276
Swine/Pork Market Formula 122,001 108,998 170,065 124,395
Other Purchase Arrangement 70,020 66,883 116,642 76,491
Negotiated Formula 326 326 1,102 2,467
Pack. Sold (all purchase types) 23,256 23,256 55,419 44,673
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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 321
Lowest Base Price
Highest Base Price
Weighted Average Price
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 321
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 22,165 11,016 16,345 5,820
Lowest Base Price 76.25 90.12 91.73
Highest Base Price 107.10 107.10 97.62
Weighted Average Price 94.72 94.78 96.54
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 118,793 71,477 83,430 31,561
Lowest Base Price 95.06 95.06 95.06 96.19
Highest Base Price 109.90 109.90 109.90 109.51
Weighted Average Price 104.70 104.56 104.47 105.08
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 68,993 41,727 44,062 24,771
Lowest Base Price 74.84 76.96 76.96 74.84
Highest Base Price 113.42 113.42 113.42 107.07
Weighted Average Price 98.71 101.72 101.78 93.19
Change from Previous Day
Negotiated (live basis)
Head Count 407
Lowest Base Price 75.50
Highest Base Price 82.00
Weighted Average Price 80.22
Change from Previous Day 2.90
Negotiated Formula (live basis)
Head Count 326
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 733
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 2,696 Iowa 69,561
Illinois 16,715 Indiana 12,528
Kansas 2,032 Kentucky 2,231
Michigan 5,550 Minnesota 55,813
Missouri 3,193 Montana 447
North Carolina 6,848 Nebraska 12,709
Ohio 17,729 Oklahoma 1,571
Pennsylvania 3,297 South Dakota 3,951
Tennessee 3,795 Wisconsin 991
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