USDA National Daily Direct Hog Prior Day Report 11/12 08:00
11/12/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 11/12 08:00
LM_HG218
Des Moines, IA Wed, Nov 12, 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 3,706 12,133 7,828
Other Market Formula 17,918 17,738 75,799
Swine/Pork Market Formula 130,709 124,600 136,515
Other Purchase Arrangement 57,611 60,817 59,631
Negotiated Formula 511 480 1,153
Pack. Sold (all purchase types) 31,299 33,209 33,900
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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 1,530 14,395 125,722 53,367 40 195,054
Base Price 81.68 80.52 87.61 87.83 87.10
Packer Sold
Head Count 31,189
Base Price 86.52
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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 1,530
Lowest Base Price 72.00
Highest Base Price 83.75
Weighted Average Price 81.68 82.93 82.63
Negotiated Formula (carcass basis)
Head Count 40
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,570
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 17,285 9,200 13,771 3,514
Lowest Base Price 70.77 76.64
Highest Base Price 96.75 96.75
Weighted Average Price 80.86 83.99
Swine/Pork Market Formula (carcass basis)
Head Count 148,325 83,375 100,831 43,555
Lowest Base Price 80.77 80.77 80.77 83.48
Highest Base Price 93.71 91.60 91.60 93.71
Weighted Average Price 87.59 87.23 87.18 88.31
Other Purchase Arrangement (carcass basis)
Head Count 59,063 34,927 37,082 20,043
Lowest Base Price 76.57 76.57 76.57 77.36
Highest Base Price 102.93 96.40 96.40 102.93
Weighted Average Price 87.52 87.06 86.87 88.22
Negotiated (live basis)
Head Count 1,796
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 471
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,267
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 -13.00 175# -8.38 1.00 205# .00 3.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 3.00
165# -15.00 -3.37 195# .00 3.00 225# -1.33 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog216.76 lb carcass .57 inch back-fat
8.33 square inch loin 2.77 inch loin depth FFLI: 54.67
Price Range $79.50 - $85.43
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Arkansas 79 Canada 5,600
Iowa 85,020 Illinois 22,480
Indiana 16,750 Kansas 2,108
Kentucky 1,326 Michigan 7,828
Minnesota 44,747 Missouri 2,815
North Carolina 7,483 North Dakota 329
Nebraska 15,015 Ohio 15,238
Oklahoma 1,804 Pennsylvania 4,763
South Carolina 165 South Dakota 7,704
Wisconsin 500
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