USDA National Daily Direct Morning Hog Report 10/22 11:00
10/22/2025 | 11:00 am CDT USDA National Daily Direct Morning Hog Report 10/22 11:00
LSDLM_HG216
Des Moines, IA Wed, Oct 22, 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 7,429 7,269 4,234 1,047
Other Market Formula 16,157 15,749 19,867 23,004
Swine/Pork Market Formula 105,463 90,553 92,063 96,316
Other Purchase Arrangement 63,628 60,029 47,264 53,719
Negotiated Formula 1,007 1,007 822 1,418
Pack. Sold (all purchase types) 24,672 24,672 24,377 31,574
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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 5,584
Lowest Base Price 86.00
Highest Base Price 90.00
Weighted Average Price 87.03 86.97 86.97
Change from Previous Day -3.63 -3.63 -3.52
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 5,744
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,693 9,110 13,071 2,622
Lowest Base Price 71.99 75.07 71.99
Highest Base Price 101.10 91.38 101.10
Weighted Average Price 80.78 79.90 81.42
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 103,241 61,093 70,478 28,828
Lowest Base Price 83.09 85.09 83.09 83.96
Highest Base Price 98.23 97.58 97.58 98.23
Weighted Average Price 91.91 91.42 91.33 92.74
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 59,445 42,134 43,264 15,043
Lowest Base Price 79.52 79.52 79.52 81.53
Highest Base Price 105.21 100.13 100.13 105.21
Weighted Average Price 90.10 89.59 89.60 91.19
Change from Previous Day
Negotiated (live basis)
Head Count 2,997
Lowest Base Price 62.50
Highest Base Price 71.00
Weighted Average Price 69.63 69.52 69.52
Change from Previous Day 1.29
Negotiated Formula (live basis)
Head Count 805
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,802
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# -8.93 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.43
Price Range $87.00 - $94.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,968 Iowa 77,117
Illinois 14,038 Indiana 5,445
Kansas 876 Kentucky 684
Michigan 5,040 Minnesota 45,461
Missouri 2,370 North Carolina 6,900
North Dakota 294 Nebraska 12,333
New York 160 Ohio 15,489
Oklahoma 1,555 Pennsylvania 3,955
South Carolina 150 South Dakota 1,657
Wisconsin 787
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