USDA National Daily Direct Morning Hog Report 10/24 10:45
10/24/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 10/24 10:45
LSDLM_HG216
Des Moines, IA Fri, Oct 24, 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 2,958 1,708 1,415 2,785
Other Market Formula 16,729 16,389 16,836 19,252
Swine/Pork Market Formula 101,518 86,310 87,696 96,817
Other Purchase Arrangement 51,342 49,346 54,564 43,962
Negotiated Formula 330 330 977 1,432
Pack. Sold (all purchase types) 22,600 22,600 15,433 25,370
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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 425
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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 425
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,497 11,478 16,903 1,594
Lowest Base Price 71.80 74.77 76.40
Highest Base Price 97.57 96.40 97.57
Weighted Average Price 80.65 80.83 85.95
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,466 53,667 65,455 30,336
Lowest Base Price 81.78 84.13 81.78 84.21
Highest Base Price 96.83 96.18 96.18 96.83
Weighted Average Price 90.62 90.33 89.97 91.47
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 48,820 29,804 31,940 15,096
Lowest Base Price 77.21 77.21 77.21 81.13
Highest Base Price 100.14 98.54 98.54 100.14
Weighted Average Price 89.79 89.39 89.39 90.31
Change from Previous Day
Negotiated (live basis)
Head Count 1,232
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 330
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,562
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,028 Colorado 160
Iowa 65,298 Illinois 15,343
Indiana 7,832 Kansas 1,350
Kentucky 340 Michigan 4,860
Minnesota 30,408 Missouri 3,076
North Carolina 7,631 North Dakota 170
Nebraska 16,171 Ohio 10,812
Oklahoma 1,585 Pennsylvania 4,299
South Dakota 1,670 Wisconsin 650
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