USDA National Daily Direct Morning Hog Report 09/25 10:55
09/25/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 09/25 10:55
LSDLM_HG216
Des Moines, IA Thu, Sep 25, 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 7,353 6,103 2,473 1,961
Other Market Formula 18,793 18,737 26,040 34,775
Swine/Pork Market Formula 106,500 89,716 91,182 88,916
Other Purchase Arrangement 60,604 56,195 49,345 54,388
Negotiated Formula 633 633 165 2,025
Pack. Sold (all purchase types) 23,402 23,402 20,107 24,755
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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 3,040
Lowest Base Price 100.00
Highest Base Price 108.00
Weighted Average Price 104.02 104.25 104.56
Change from Previous Day -.70 -.62 -.17
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 3,040
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 20,085 12,002 16,082 4,003
Lowest Base Price 77.33 77.33 79.64
Highest Base Price 106.95 106.95 103.45
Weighted Average Price 94.29 93.44 94.14
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 100,896 59,537 71,249 25,207
Lowest Base Price 93.77 94.65 94.65 93.77
Highest Base Price 110.33 110.33 110.33 108.00
Weighted Average Price 103.22 103.04 103.00 103.38
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 55,556 36,361 37,990 16,421
Lowest Base Price 72.02 72.02 72.02 86.26
Highest Base Price 111.73 111.73 111.73 104.37
Weighted Average Price 99.02 99.45 99.60 97.33
Change from Previous Day
Negotiated (live basis)
Head Count 2,777
Lowest Base Price 70.25
Highest Base Price 81.75
Weighted Average Price 79.34
Change from Previous Day -1.33
Negotiated Formula (live basis)
Head Count 633
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,410
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# -25.00 -13.00 175# -4.00 -1.35 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .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 Hog5 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.87
Price Range $107.50 - $110.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,349 Colorado 160
Iowa 69,050 Illinois 16,359
Indiana 5,080 Kansas 1,706
Kentucky 1,459 Michigan 4,802
Minnesota 44,482 Missouri 2,958
Montana 425 North Carolina 6,729
North Dakota 180 Nebraska 12,677
New York 160 Ohio 13,615
Oklahoma 1,552 Pennsylvania 4,840
South Carolina 165 South Dakota 2,878
Wisconsin 160
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