USDA National Daily Direct Morning Hog Report 10/03 10:55
10/03/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 10/03 10:55
LSDLM_HG216
Des Moines, IA Fri, Oct 03, 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 3,708 2,458 2,262 755
Other Market Formula 18,126 17,786 21,034 23,944
Swine/Pork Market Formula 102,573 88,911 88,389 88,399
Other Purchase Arrangement 55,069 52,575 44,286 47,019
Negotiated Formula 965 790 1,517
Pack. Sold (all purchase types) 16,305 16,305 21,927 30,386
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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 1,928
Lowest Base Price 92.00
Highest Base Price 102.00
Weighted Average Price 98.74 98.89 98.89
Change from Previous Day -1.03 -.72 -.96
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,088
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,939 13,614 17,099 840
Lowest Base Price 76.87 76.87
Highest Base Price 105.30 105.30
Weighted Average Price 94.24 93.83
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 95,541 58,124 68,313 23,871
Lowest Base Price 91.01 91.01 91.01 91.13
Highest Base Price 106.91 106.26 106.26 106.91
Weighted Average Price 99.62 99.43 99.39 99.52
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,217 29,368 30,659 19,778
Lowest Base Price 79.41 79.41 79.41 84.60
Highest Base Price 107.60 107.60 107.60 102.16
Weighted Average Price 97.45 98.77 98.83 94.82
Change from Previous Day
Negotiated (live basis)
Head Count 530
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 630
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,160
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 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.50 .00 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.57
Price Range $99.50 - $104.76
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,075 Iowa 71,486
Illinois 16,332 Indiana 7,292
Kansas 1,835 Kentucky 1,544
Michigan 5,308 Minnesota 32,413
Missouri 2,749 Montana 225
North Carolina 160 North Dakota 170
Nebraska 10,603 New York 100
Ohio 13,921 Oklahoma 1,427
Pennsylvania 5,384 South Dakota 2,445
Wisconsin 191 Wyoming 165
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