USDA National Daily Direct Morning Hog Report 10/28 10:55
10/28/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 10/28 10:55
LSDLM_HG216
Des Moines, IA Tue, Oct 28, 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 13,388 12,478 6,309 1,628
Other Market Formula 15,357 15,007 13,828 24,964
Swine/Pork Market Formula 95,587 82,502 81,289 85,628
Other Purchase Arrangement 54,054 51,124 52,138 46,011
Negotiated Formula 1,617 1,617 947 1,630
Pack. Sold (all purchase types) 27,119 27,119 24,527 27,870
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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 13,479
Lowest Base Price 80.00
Highest Base Price 90.00
Weighted Average Price 88.76 88.80 88.80
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 13,479
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,092 8,046 12,788 3,304
Lowest Base Price 69.25 79.67
Highest Base Price 97.16 96.67
Weighted Average Price 81.81 85.47
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 97,451 54,315 64,032 29,425
Lowest Base Price 78.00 85.54 85.54 78.00
Highest Base Price 95.60 94.95 94.95 95.60
Weighted Average Price 90.80 90.20 90.15 91.78
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 51,310 31,992 32,967 17,059
Lowest Base Price 69.00 69.00 69.00 84.82
Highest Base Price 99.21 98.83 98.83 99.21
Weighted Average Price 90.24 89.29 89.37 91.64
Change from Previous Day
Negotiated (live basis)
Head Count 979
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,617
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,596
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 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .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 Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.69
Price Range $87.00 - $90.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 340 Canada 5,063
Iowa 69,316 Illinois 16,613
Indiana 7,225 Kansas 1,878
Kentucky 1,122 Maryland 161
Michigan 5,145 Minnesota 38,897
Missouri 2,723 Montana 229
North Carolina 7,412 North Dakota 331
Nebraska 10,953 Ohio 11,775
Oklahoma 1,583 Pennsylvania 4,731
South Dakota 2,375 Tennessee 1,650
Wisconsin 325
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