USDA National Daily Direct Morning Hog Report 10/23 10:55
10/23/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 10/23 10:55
LSDLM_HG216
Des Moines, IA Thu, Oct 23, 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 2,899 1,649 1,729 738
Other Market Formula 18,211 17,871 15,454 32,844
Swine/Pork Market Formula 103,101 87,295 83,322 88,319
Other Purchase Arrangement 52,238 49,642 51,268 54,695
Negotiated Formula 630 630 985 928
Pack. Sold (all purchase types) 23,148 23,148 25,241 25,662
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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 960
Lowest Base Price 82.00
Highest Base Price 88.00
Weighted Average Price 86.35 86.74
Change from Previous Day -.68 -.23
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 960
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,540 8,049 11,906 6,634
Lowest Base Price 69.25 69.92 71.99
Highest Base Price 91.50 91.50 84.53
Weighted Average Price 81.13 79.19 83.37
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,353 53,817 63,110 32,323
Lowest Base Price 82.14 82.14 82.14 84.25
Highest Base Price 97.98 96.88 96.88 97.98
Weighted Average Price 91.34 90.89 90.69 92.07
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 49,434 32,076 33,416 15,858
Lowest Base Price 75.52 75.52 75.52 81.14
Highest Base Price 105.21 99.29 99.29 105.21
Weighted Average Price 90.36 90.00 90.06 90.97
Change from Previous Day
Negotiated (live basis)
Head Count 676
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 630
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,306
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# -26.00 -14.62 175# -4.00 -1.35 205# .00 4.00
155# -26.00 -11.82 185# -1.00 .00 215# .00 4.00
165# -26.00 -3.37 195# .00 3.00 225# -1.33 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.42
Price Range $89.50 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,997 Colorado 158
Iowa 60,385 Illinois 16,345
Indiana 6,433 Kansas 840
Kentucky 523 Michigan 4,730
Minnesota 34,861 Missouri 2,527
North Carolina 7,715 Nebraska 10,706
New York 160 Ohio 21,129
Oklahoma 1,686 Pennsylvania 4,057
South Carolina 165 South Dakota 3,493
Wisconsin 325
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