USDA National Daily Direct Morning Hog Report 09/23 10:56
09/23/2025 | 10:57 am CDT USDA National Daily Direct Morning Hog Report 09/23 10:56
LSDLM_HG216
Des Moines, IA Tue, Sep 23, 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 7,665 6,585 6,226 2,520
Other Market Formula 17,230 16,618 17,803 41,286
Swine/Pork Market Formula 102,393 86,558 96,259 89,193
Other Purchase Arrangement 51,862 48,948 53,483 47,622
Negotiated Formula 165 165 329 2,005
Pack. Sold (all purchase types) 23,267 23,267 23,217 26,638
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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 6,180
Lowest Base Price 96.00
Highest Base Price 110.00
Weighted Average Price 106.10 106.25 106.34
Change from Previous Day 1.58
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 6,180
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,165 9,796 13,791 3,374
Lowest Base Price 75.75 82.65
Highest Base Price 102.00 102.00
Weighted Average Price 94.64 97.84
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 98,895 55,586 64,424 31,511
Lowest Base Price 94.08 94.12 94.12 94.08
Highest Base Price 111.34 111.34 111.34 110.03
Weighted Average Price 104.00 103.50 103.66 104.48
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 49,125 29,866 31,368 16,629
Lowest Base Price 77.13 77.13 77.13 86.31
Highest Base Price 111.53 111.53 111.53 106.01
Weighted Average Price 100.25 101.36 101.37 97.71
Change from Previous Day
Negotiated (live basis)
Head Count 405
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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 570
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# -4.00 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 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 Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.84
Price Range $103.50 - $110.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,957 Iowa 66,133
Illinois 19,358 Indiana 7,325
Kansas 1,551 Kentucky 1,260
Maryland 151 Michigan 3,580
Minnesota 35,101 Missouri 1,803
Montana 227 North Carolina 6,795
Nebraska 9,723 Ohio 15,007
Oklahoma 1,200 Pennsylvania 4,370
South Dakota 3,756 Wisconsin 844
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