USDA National Daily Direct Morning Hog Report 10/27 11:00
10/27/2025 | 11:00 am CDT USDA National Daily Direct Morning Hog Report 10/27 11:00
LSDLM_HG216
Des Moines, IA Mon, Oct 27, 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 2,065 805 2,515 1,629
Other Market Formula 22,603 22,253 20,842 43,288
Swine/Pork Market Formula 142,261 136,164 128,784 120,269
Other Purchase Arrangement 120,950 118,182 97,087 159,888
Negotiated Formula 1,762 1,762 2,078 1,103
Pack. Sold (all purchase types) 32,949 32,949 28,490 42,059
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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 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 150
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 315
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 24,436 13,496 20,155 4,281
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 155,480 96,871 116,085 37,009
Lowest Base Price 82.96 82.96 82.96 84.21
Highest Base Price 98.89 98.89 98.89 96.28
Weighted Average Price 91.29 91.03 90.76 92.69
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 120,018 90,057 93,288 26,090
Lowest Base Price 69.00 69.00 69.00 75.90
Highest Base Price 99.79 99.39 99.39 99.79
Weighted Average Price 87.61 87.18 87.23 88.78
Change from Previous Day
Negotiated (live basis)
Head Count 640
Lowest Base Price 56.00
Highest Base Price 67.65
Weighted Average Price 65.07
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,472
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,112
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 3,351 Iowa 139,542
Illinois 22,108 Indiana 11,196
Kansas 3,138 Kentucky 1,192
Michigan 7,640 Minnesota 61,538
Missouri 3,858 Montana 670
North Carolina 7,448 Nebraska 18,330
Ohio 18,442 Pennsylvania 5,987
South Dakota 6,474 Wisconsin 1,201
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