USDA National Daily Direct Afternoon Hog Report 10/14 14:55
10/14/2025 | 2:55 pm CDT USDA National Daily Direct Afternoon Hog Report 10/14 14:55
LSDLM_HG217
Des Moines, IA Tue, Oct 14, 2025
DAILY DIRECT AFTERNOON 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 7,452 7,452 7,888 7,015
Other Market Formula 22,774 22,774 23,906 30,109
Swine/Pork Market Formula 123,759 123,759 126,689 139,811
Other Purchase Arrangement 68,668 68,668 70,322 62,081
Negotiated Formula 1,348 1,348 530 2,164
Pack. Sold (all purchase types) 34,100 34,100 32,066 36,061
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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 10,512
Lowest Base Price 86.00
Highest Base Price 96.00
Weighted Average Price 93.05 92.13 92.03
Change from Previous Day .76 -.30 -.37
Negotiated Formula (carcass basis)
Head Count 380
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 10,892
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 22,635 9,999 15,020 7,615
Lowest Base Price 76.89 78.81
Highest Base Price 99.17 98.93
Weighted Average Price 94.06 96.52
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 141,012 74,599 91,545 45,390
Lowest Base Price 84.89 87.48 87.48 84.89
Highest Base Price 102.08 101.43 101.43 102.08
Weighted Average Price 95.38 95.06 94.96 95.81
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 67,706 39,914 43,859 22,539
Lowest Base Price 79.50 79.50 79.50 85.29
Highest Base Price 102.85 102.85 102.85 99.99
Weighted Average Price 93.90 94.17 94.49 92.52
Change from Previous Day
Negotiated (live basis)
Head Count 2,055
Lowest Base Price 67.25
Highest Base Price 74.00
Weighted Average Price 71.09 70.89 70.89
Change from Previous Day .33
Negotiated Formula (live basis)
Head Count 968
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,023
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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# -30.00 -14.62 175# -9.20 1.00 205# .00 4.00
155# -30.00 -10.00 185# .00 1.50 215# .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: 53.79
Price Range $93.00 - $99.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
California 340 Canada 4,639
Iowa 83,861 Illinois 20,703
Indiana 19,281 Kansas 1,524
Kentucky 1,888 Maryland 160
Michigan 9,915 Minnesota 52,249
Missouri 4,254 Montana 443
North Carolina 6,724 North Dakota 90
Nebraska 17,006 Ohio 18,572
Oklahoma 1,364 Pennsylvania 5,316
South Dakota 5,936 Tennessee 3,300
Texas 80 Wisconsin 456
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