USDA National Daily Direct Afternoon Hog Report 11/03 14:40
11/03/2025 | 2:40 pm CST USDA National Daily Direct Afternoon Hog Report 11/03 14:40
LSDLM_HG217
Des Moines, IA Mon, Nov 03, 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 6,186 6,186 2,232 4,515
Other Market Formula 27,285 27,285 27,267 206,662
Swine/Pork Market Formula 186,502 186,502 181,859 178,712
Other Purchase Arrangement 123,510 123,510 135,293 179,983
Negotiated Formula 812 812 1,762 3,227
Pack. Sold (all purchase types) 45,908 45,908 41,000 49,128
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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 10,579
Lowest Base Price 82.00
Highest Base Price 88.50
Weighted Average Price 84.66 84.76 84.76 84.39
Change from Previous Day .49 .57
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 10,739
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 29,377 19,767 25,937 3,440
Lowest Base Price 67.75 71.99
Highest Base Price 97.43 89.71
Weighted Average Price 80.73 76.96
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 205,050 119,725 138,011 64,453
Lowest Base Price 77.76 81.76 81.76 77.76
Highest Base Price 94.31 93.79 93.79 94.31
Weighted Average Price 89.74 89.49 89.43 90.28
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 130,045 92,512 94,367 34,247
Lowest Base Price 72.23 72.23 72.23 76.11
Highest Base Price 99.20 98.51 98.51 99.20
Weighted Average Price 86.41 85.76 85.76 87.87
Change from Previous Day
Negotiated (live basis)
Head Count 740
Lowest Base Price 54.75
Highest Base Price 66.50
Weighted Average Price 61.80
Change from Previous Day
Negotiated Formula (live basis)
Head Count 652
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,392
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# -32.00 -13.00 175# -8.85 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.50 .00 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.35
Price Range $85.00 - $91.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,159 Iowa 173,451
Illinois 24,491 Indiana 32,560
Kansas 2,365 Kentucky 2,155
Michigan 11,031 Minnesota 68,647
Missouri 2,261 Montana 672
North Carolina 7,818 North Dakota 352
Nebraska 16,094 Ohio 28,333
Pennsylvania 6,295 South Carolina 330
South Dakota 8,543 Wisconsin 646
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