USDA National Daily Direct Morning Hog Report 10/20 11:05
10/20/2025 | 11:05 am CDT USDA National Daily Direct Morning Hog Report 10/20 11:05
LSDLM_HG216
Des Moines, IA Mon, Oct 20, 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 3,015 2,515 1,968 371
Other Market Formula 21,182 20,842 26,005 34,959
Swine/Pork Market Formula 140,637 128,784 136,112 128,125
Other Purchase Arrangement 99,715 97,087 94,898 170,657
Negotiated Formula 2,078 2,078 165 4,784
Pack. Sold (all purchase types) 28,490 28,490 31,698 45,425
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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 2,098
Lowest Base Price 89.00
Highest Base Price 97.00
Weighted Average Price 90.60 90.67 90.67
Change from Previous Day .79
Negotiated Formula (carcass basis)
Head Count 200
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,298
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 23,371 15,254 22,533 838
Lowest Base Price 68.25 68.25
Highest Base Price 98.37 98.37
Weighted Average Price 81.06 80.78
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 135,341 100,631 113,818 18,501
Lowest Base Price 83.69 83.69 83.69 86.56
Highest Base Price 99.49 98.59 98.59 99.49
Weighted Average Price 93.14 93.05 92.87 94.08
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 101,067 78,532 81,626 19,121
Lowest Base Price 75.50 75.50 75.50 75.74
Highest Base Price 107.45 107.45 107.45 105.21
Weighted Average Price 90.10 90.57 90.60 87.83
Change from Previous Day
Negotiated (live basis)
Head Count 417
Lowest Base Price 67.50
Highest Base Price 71.08
Weighted Average Price 70.00
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,878
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,295
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# -9.00 .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 Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.59
Price Range $90.00 - $95.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,220 Iowa 132,167
Idaho 7 Illinois 14,880
Indiana 13,691 Kansas 1,911
Kentucky 2,049 Michigan 3,168
Minnesota 65,367 Missouri 5,149
Montana 445 North Carolina 1,470
North Dakota 344 Nebraska 16,256
Ohio 9,633 Pennsylvania 4,573
South Dakota 2,966 Wisconsin 500
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