USDA National Daily Direct Morning Hog Report 10/14 10:45
10/14/2025 | 10:45 am CDT USDA National Daily Direct Morning Hog Report 10/14 10:45
LSDLM_HG216
Des Moines, IA Tue, Oct 14, 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 4,123 2,488 1,411 1,969
Other Market Formula 18,863 18,523 16,815 21,806
Swine/Pork Market Formula 94,487 78,665 83,021 93,168
Other Purchase Arrangement 54,382 51,290 53,459 50,286
Negotiated Formula 1,088 1,088 330 1,834
Pack. Sold (all purchase types) 22,287 22,287 22,470 25,381
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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 2,110
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 120
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,230
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,557 7,648 12,244 6,313
Lowest Base Price 76.89 92.09
Highest Base Price 99.17 98.93
Weighted Average Price 94.36 97.63
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 90,933 49,799 58,818 28,342
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 95.23 94.75 94.55 95.94
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,108 33,716 36,151 15,462
Lowest Base Price 79.50 79.50 79.50 86.04
Highest Base Price 102.85 102.85 102.85 99.99
Weighted Average Price 94.74 95.24 95.37 93.18
Change from Previous Day
Negotiated (live basis)
Head Count 378
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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 1,346
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
California 340 Canada 3,522
Iowa 59,210 Illinois 17,669
Indiana 5,241 Kansas 1,364
Kentucky 1,888 Maryland 160
Michigan 5,260 Minnesota 34,808
Missouri 3,742 Montana 443
North Carolina 6,717 Nebraska 11,981
Ohio 11,171 Oklahoma 1,364
Pennsylvania 4,150 South Dakota 1,555
Tennessee 3,300 Wisconsin 456
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