USDA National Daily Direct Hog Prior Day Report 11/10 07:55
11/10/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 11/10 07:55
LM_HG218
Des Moines, IA Mon, Nov 10, 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 2,385 1,794 2,313
Other Market Formula 22,719 26,402 34,106
Swine/Pork Market Formula 177,611 185,706 173,061
Other Purchase Arrangement 142,922 123,168 159,284
Negotiated Formula 809 651 2,465
Pack. Sold (all purchase types) 43,935 37,582 47,981
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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 1,139 19,562 171,523 138,717 170 331,111
Base Price 83.39 76.69 87.71 84.55 85.72
Packer Sold
Head Count 43,819
Base Price 86.71
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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 1,139
Lowest Base Price 77.00
Highest Base Price 85.00
Weighted Average Price 83.39 83.22 83.22 83.51
Negotiated Formula (carcass basis)
Head Count 170
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,309
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 23,247 16,030 21,204 2,043
Lowest Base Price 71.80 71.99
Highest Base Price 94.48 86.33
Weighted Average Price 77.23 75.32
Swine/Pork Market Formula (carcass basis)
Head Count 203,552 124,436 146,581 53,106
Lowest Base Price 79.84 80.76 79.84 81.22
Highest Base Price 93.60 92.60 92.60 93.60
Weighted Average Price 87.79 87.55 87.51 88.31
Other Purchase Arrangement (carcass basis)
Head Count 146,822 114,305 116,810 27,736
Lowest Base Price 72.15 72.15 72.15 76.29
Highest Base Price 102.93 102.86 102.86 102.93
Weighted Average Price 84.51 84.00 84.03 85.97
Negotiated (live basis)
Head Count 1,170
Lowest Base Price 54.50
Highest Base Price 67.05
Weighted Average Price 63.24
Negotiated Formula (live basis)
Head Count 634
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,804
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# -30.00 -14.62 175# -4.00 1.00 205# .00 4.00
155# -30.00 -5.00 185# .00 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog216.85 lb carcass .60 inch back-fat
8.33 square inch loin 2.77 inch loin depth FFLI: 54.24
Price Range $84.50 - $89.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,666 Iowa 194,593
Illinois 22,211 Indiana 28,552
Kansas 2,810 Kentucky 1,633
Michigan 8,945 Minnesota 61,515
Missouri 2,714 Montana 229
North Carolina 9,705 North Dakota 254
Nebraska 16,397 Ohio 16,855
Oklahoma 1,679 Pennsylvania 4,324
South Dakota 11,464 Virginia 14
Wisconsin 821
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