USDA National Daily Direct Morning Hog Report 10/17 10:45
10/17/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 10/17 10:45
LSDLM_HG216
Des Moines, IA Fri, Oct 17, 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 2,665 1,415 2,409 753
Other Market Formula 17,176 16,836 19,680 25,684
Swine/Pork Market Formula 103,271 87,856 87,542 96,180
Other Purchase Arrangement 56,823 54,564 51,008 43,963
Negotiated Formula 977 977 425 2,951
Pack. Sold (all purchase types) 21,920 21,920 22,087 25,730
--------------------------------------------------------------------------------
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 626
Lowest Base Price 84.00
Highest Base Price 92.00
Weighted Average Price 89.81
Change from Previous Day -1.75
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 786
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,105 11,367 14,471 2,634
Lowest Base Price 69.37 69.37 77.23
Highest Base Price 98.17 98.17 96.90
Weighted Average Price 81.17 80.45 82.48
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 89,648 48,094 56,285 30,493
Lowest Base Price 83.69 85.65 83.69 86.24
Highest Base Price 99.59 99.20 99.20 99.59
Weighted Average Price 93.61 93.45 93.23 93.84
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 54,774 32,476 33,939 19,210
Lowest Base Price 79.50 79.50 79.50 82.24
Highest Base Price 101.49 101.49 101.49 100.05
Weighted Average Price 91.29 91.07 91.04 91.50
Change from Previous Day
Negotiated (live basis)
Head Count 747
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 817
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,564
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -25.00 -14.62 175# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog3 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.44
Price Range $91.50 - $96.00
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 360 Canada 5,242
Colorado 161 Iowa 61,680
Illinois 16,977 Indiana 5,780
Kansas 1,025 Kentucky 1,251
Michigan 6,500 Minnesota 31,592
Missouri 2,723 Montana 225
North Carolina 6,647 North Dakota 162
Nebraska 10,417 Ohio 15,973
Oklahoma 948 Pennsylvania 5,413
South Dakota 1,023 Wisconsin 499
--------------------------------------------------------------------------------
[0600059D]