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USDA National Daily Direct Morning Hog Report 10/08 10:45

USDA National Daily Direct Morning Hog Report 10/08 10:45

LSDLM_HG216
Des Moines, IA                             Wed, Oct 08, 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                                  4,112     2,702     2,590     2,453
 Other Market Formula                       13,706    13,366    14,655    31,915
 Swine/Pork Market Formula                  99,369    84,784    86,761    97,193
 Other Purchase Arrangement                 48,590    45,915    46,344    53,356
 Negotiated Formula                            515       165       495     1,498
Pack. Sold (all purchase types)             21,272    21,113    22,977    30,001
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                          Volume and Price Range For Barrows and Gilts
                              Purchased Swine (Including Packer Sold)
                                    National       Iowa/     Western     Eastern
                                                 Minnesota  Cornbelt    Cornbelt
                                   ---------------------------------------------
Negotiated (carcass basis)
   Head Count                          1,700                                    
   Lowest Base Price                   95.00                                    
   Highest Base Price                 100.00                                    
   Weighted Average Price              98.06       97.96       98.06            
   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                          1,700                                    
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Other Market Formula (carcass basis)
   Head Count                         12,816       6,013      10,387       2,429
   Lowest Base Price                   79.44       79.44                   82.96
   Highest Base Price                  99.60       99.60                   99.58
   Weighted Average Price              94.39       93.32                   94.57
   Change from Previous Day                                                     
Swine/Pork Market Formula (carcass basis)
   Head Count                         95,656      51,641      60,614      30,948
   Lowest Base Price                   88.42       90.15       88.42       88.42
   Highest Base Price                 104.67      104.02      104.02      104.67
   Weighted Average Price              98.42       98.19       98.00       98.73
   Change from Previous Day                                                     
Other Purchase Arrangement (carcass basis)
   Head Count                         46,463      27,674      30,588      14,908
   Lowest Base Price                   75.41       79.47       79.47       75.41
   Highest Base Price                 106.17      106.17      106.17       99.77
   Weighted Average Price              96.82       98.06       98.10       93.95
   Change from Previous Day                                                     
Negotiated (live basis)
   Head Count                          1,002                                    
   Lowest Base Price                   69.50                                    
   Highest Base Price                  77.85                                    
   Weighted Average Price              76.00                               77.15
   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                          1,167                                    
   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  -3.00         205#     .00   4.00
    155#  -25.00  -9.00         185#   -1.50    .00         215#     .00   4.00
    165#  -25.00  -5.00         195#     .00   3.00         225#     .00   2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
 
5-Day Rolling Average Market Hog3 lb carcassnch back-fatre inch loinh loin 
depthFFLI: 53.52       
 
Price Range $99.00  - $103.50 
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
 
Canada                3,986          Iowa                 50,249
Illinois             17,085          Indiana               6,166
Kansas                1,196          Kentucky              1,291
Michigan              5,110          Minnesota            37,287
Missouri              2,667          North Carolina        7,224
North Dakota            170          Nebraska             12,413
Ohio                 13,626          Oklahoma              1,695
Pennsylvania          4,155          South Carolina          135
South Dakota          2,904          Wisconsin               686

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