USDA National Daily Direct Morning Hog Report 10/21 10:50
10/21/2025 | 10:50 am CDT USDA National Daily Direct Morning Hog Report 10/21 10:50
LSDLM_HG216
Des Moines, IA Tue, Oct 21, 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 7,559 6,309 2,488 2,460
Other Market Formula 15,168 13,828 18,523 25,137
Swine/Pork Market Formula 92,974 81,289 78,665 85,811
Other Purchase Arrangement 54,977 52,138 51,290 50,321
Negotiated Formula 947 947 1,088 1,346
Pack. Sold (all purchase types) 24,527 24,527 22,287 27,895
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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 7,585
Lowest Base Price 87.00
Highest Base Price 93.00
Weighted Average Price 90.66 90.60 90.49
Change from Previous Day .06 -.07 -.18
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 7,585
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,264 8,673 13,054 1,210
Lowest Base Price 69.00 82.08
Highest Base Price 93.92 83.63
Weighted Average Price 80.79 83.22
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 93,729 52,413 61,970 27,936
Lowest Base Price 78.56 87.20 86.52 78.56
Highest Base Price 98.77 98.04 98.04 98.77
Weighted Average Price 93.08 92.86 92.64 93.49
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,155 33,667 35,332 15,704
Lowest Base Price 75.19 75.19 75.19 85.91
Highest Base Price 100.81 100.81 100.81 99.94
Weighted Average Price 91.07 90.47 90.48 92.03
Change from Previous Day
Negotiated (live basis)
Head Count 1,064
Lowest Base Price 62.75
Highest Base Price 71.15
Weighted Average Price 68.34
Change from Previous Day -1.66
Negotiated Formula (live basis)
Head Count 947
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,011
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 .00 205# .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 Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.39
Price Range $87.00 - $94.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 340 Canada 4,570
Iowa 65,067 Illinois 17,702
Indiana 4,591 Kansas 1,709
Kentucky 170 Maryland 160
Michigan 4,510 Minnesota 36,341
Missouri 2,637 Montana 227
North Carolina 7,207 North Dakota 366
Nebraska 11,668 Ohio 12,930
Oklahoma 1,537 Pennsylvania 4,469
South Dakota 2,542 Wisconsin 295
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