USDA National Daily Direct Hog Prior Day Report 11/04 07:50
11/04/2025 | 7:59 am CST USDA National Daily Direct Hog Prior Day Report 11/04 07:50
LM_HG218
Des Moines, IA Tue, Nov 04, 2025
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 9,371 7,448 5,016
Other Market Formula 19,838 21,052 187,455
Swine/Pork Market Formula 127,998 127,239 128,643
Other Purchase Arrangement 63,364 64,876 59,614
Negotiated Formula 1,139 2,050 488
Pack. Sold (all purchase types) 37,628 33,195 40,359
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 8,309 16,753 122,427 59,442 206,931
Base Price 84.82 80.23 89.73 89.22 88.62
Packer Sold
Head Count 37,576
Base Price 87.32
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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 13,919
Lowest Base Price 82.00
Highest Base Price 88.50
Weighted Average Price 84.44 84.47 84.47 84.35
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 13,919
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 20,102 12,388 17,320 2,782
Lowest Base Price 71.99 71.99
Highest Base Price 97.19 97.19
Weighted Average Price 80.40 79.77
Swine/Pork Market Formula (carcass basis)
Head Count 143,909 85,562 102,052 37,570
Lowest Base Price 82.91 84.49 84.49 82.91
Highest Base Price 93.78 93.78 93.78 93.73
Weighted Average Price 89.74 89.40 89.37 90.50
Other Purchase Arrangement (carcass basis)
Head Count 66,577 40,805 43,125 22,021
Lowest Base Price 73.77 73.77 73.77 79.43
Highest Base Price 102.93 98.45 98.45 102.93
Weighted Average Price 88.80 88.05 87.87 90.28
Negotiated (live basis)
Head Count 795
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 1,139
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,934
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -32.00 -13.00 175# -8.85 .00 205# .00 1.77
155# -19.00 -5.00 185# -1.50 .00 215# -8.00 1.77
165# -9.00 .00 195# -.50 .00 225# -30.00 .89
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog215.74 lb carcass .62 inch back-fat
8.30 square inch loin 2.76 inch loin depth FFLI: 53.95
Price Range $85.00 - $91.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,957 Iowa 100,532
Illinois 25,200 Indiana 12,593
Kansas 1,862 Kentucky 1,270
Maryland 160 Michigan 7,610
Minnesota 50,455 Missouri 2,236
Montana 672 North Carolina 7,332
North Dakota 545 Nebraska 15,725
Ohio 14,184 Oklahoma 1,512
Pennsylvania 4,990 South Dakota 7,315
Wisconsin 188
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