USDA National Daily Direct Morning Hog Report 10/15 10:45
10/15/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 10/15 10:45
LSDLM_HG216
Des Moines, IA Wed, Oct 15, 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 4,734 4,234 2,702 2,672
Other Market Formula 19,908 19,867 13,366 24,131
Swine/Pork Market Formula 107,021 92,063 84,784 89,925
Other Purchase Arrangement 51,353 47,264 45,915 46,931
Negotiated Formula 822 822 165 2,501
Pack. Sold (all purchase types) 24,377 24,377 21,113 23,814
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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 3,668
Lowest Base Price 88.00
Highest Base Price 98.00
Weighted Average Price 95.12 96.40 95.20
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 3,668
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,949 9,155 13,009 5,940
Lowest Base Price 77.25
Highest Base Price 98.68
Weighted Average Price 94.26
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 105,153 59,787 69,714 32,095
Lowest Base Price 79.64 87.02 87.02 79.64
Highest Base Price 101.22 100.54 100.54 101.22
Weighted Average Price 94.76 94.24 94.17 95.56
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 48,881 30,067 31,195 16,067
Lowest Base Price 79.50 79.50 79.50 82.97
Highest Base Price 102.52 102.52 102.52 99.24
Weighted Average Price 94.35 94.80 94.92 92.90
Change from Previous Day
Negotiated (live basis)
Head Count 566
Lowest Base Price 64.25
Highest Base Price 73.65
Weighted Average Price 70.45 69.04 69.04
Change from Previous Day
Negotiated Formula (live basis)
Head Count 822
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,388
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# -32.00 -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# -.50 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: 53.64
Price Range $92.00 - $98.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 360 Canada 4,472
Iowa 65,221 Illinois 18,616
Indiana 5,839 Kansas 1,545
Kentucky 1,360 Michigan 5,514
Minnesota 37,332 Missouri 2,720
North Carolina 6,534 North Dakota 170
Nebraska 10,700 New York 330
Ohio 15,089 Oklahoma 1,414
Pennsylvania 3,818 South Carolina 150
South Dakota 3,198 Tennessee 3,795
Wisconsin 450
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