USDA National Daily Direct Morning Hog Report 09/24 11:00
09/24/2025 | 11:00 am CDT USDA National Daily Direct Morning Hog Report 09/24 11:00
LSDLM_HG216
Des Moines, IA Wed, Sep 24, 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 6,248 4,998 4,342 4,759
Other Market Formula 31,934 31,246 22,504 32,428
Swine/Pork Market Formula 102,403 88,220 88,533 96,062
Other Purchase Arrangement 57,109 53,275 50,697 52,553
Negotiated Formula 653 653 165 2,705
Pack. Sold (all purchase types) 20,730 20,730 22,644 26,176
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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 4,273
Lowest Base Price 98.00
Highest Base Price 108.00
Weighted Average Price 104.72 104.87 104.73
Change from Previous Day -1.38 -1.38 -1.61
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 4,273
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 31,760 12,384 17,254 14,506
Lowest Base Price 73.45 73.45 78.32
Highest Base Price 104.00 102.27 104.00
Weighted Average Price 93.81 91.26 95.38
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 98,578 51,671 63,136 31,433
Lowest Base Price 94.65 96.61 96.61 94.65
Highest Base Price 112.74 111.67 111.92 112.74
Weighted Average Price 104.13 104.31 104.11 103.94
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 53,831 33,627 36,097 16,259
Lowest Base Price 72.02 72.02 72.02 84.94
Highest Base Price 111.79 111.79 111.79 105.36
Weighted Average Price 99.94 100.67 100.87 97.39
Change from Previous Day
Negotiated (live basis)
Head Count 725
Lowest Base Price 75.00
Highest Base Price 84.15
Weighted Average Price 80.67
Change from Previous Day
Negotiated Formula (live basis)
Head Count 653
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,378
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 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -26.00 .00 195# .00 3.00 225# -30.00 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.00
Price Range $102.00 - $109.32
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,662 Iowa 59,895
Illinois 16,554 Indiana 4,551
Kansas 1,885 Kentucky 1,217
Michigan 4,371 Minnesota 42,488
Missouri 2,770 North Carolina 6,502
North Dakota 345 Nebraska 14,146
Ohio 30,284 Oklahoma 1,584
Pennsylvania 4,308 South Dakota 2,609
Wisconsin 951
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