USDA National Daily Direct Morning Hog Report 10/29 10:55
10/29/2025 | 10:55 am CDT USDA National Daily Direct Morning Hog Report 10/29 10:55
LSDLM_HG216
Des Moines, IA Wed, Oct 29, 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 4,499 3,249 7,269 5,425
Other Market Formula 18,163 17,823 15,749 50,447
Swine/Pork Market Formula 109,652 93,575 90,553 89,888
Other Purchase Arrangement 52,277 48,849 60,029 51,093
Negotiated Formula 1,116 1,116 1,007 1,306
Pack. Sold (all purchase types) 27,383 27,383 24,672 26,669
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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 2,375
Lowest Base Price 82.00
Highest Base Price 87.00
Weighted Average Price 83.63 84.49 83.89
Change from Previous Day -5.13 -4.31 -4.91
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 2,375
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,438 8,216 12,470 5,968
Lowest Base Price 69.25 70.37 75.21
Highest Base Price 97.28 93.32 97.28
Weighted Average Price 81.51 80.12 83.97
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 110,454 59,112 70,600 35,836
Lowest Base Price 82.45 82.45 82.45 82.45
Highest Base Price 95.03 94.27 94.27 95.03
Weighted Average Price 90.30 89.97 89.88 90.81
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 50,483 31,203 33,293 16,211
Lowest Base Price 70.10 70.10 70.10 81.28
Highest Base Price 104.68 98.89 98.89 104.68
Weighted Average Price 90.07 89.53 89.55 90.95
Change from Previous Day
Negotiated (live basis)
Head Count 671
Lowest Base Price 59.00
Highest Base Price 69.85
Weighted Average Price 68.13
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,116
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,787
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# -25.00 -13.00 175# -4.00 -1.35 205# .00 4.00
155# -25.00 -9.00 185# -1.50 .00 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog0 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.03
Price Range $87.00 - $90.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 170 Canada 4,787
Iowa 65,258 Illinois 14,067
Indiana 10,854 Kansas 1,647
Kentucky 3,223 Michigan 7,335
Minnesota 35,259 Missouri 3,557
North Carolina 7,332 North Dakota 387
Nebraska 13,562 New York 160
Ohio 13,665 Oklahoma 1,672
Pennsylvania 4,603 South Dakota 2,148
Tennessee 1,485 Wisconsin 824
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