USDA National Daily Direct Afternoon Hog Report 11/04 15:00
11/04/2025 | 3:00 pm CST USDA National Daily Direct Afternoon Hog Report 11/04 15:00
LSDLM_HG217
Des Moines, IA Tue, Nov 04, 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 13,159 13,159 18,955 5,669
Other Market Formula 16,735 16,735 20,199 36,207
Swine/Pork Market Formula 119,702 119,702 123,951 136,240
Other Purchase Arrangement 66,551 66,551 64,323 57,382
Negotiated Formula 1,158 1,158 1,617 333
Pack. Sold (all purchase types) 27,595 27,595 31,927 36,209
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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 12,045
Lowest Base Price 80.00
Highest Base Price 87.00
Weighted Average Price 84.71 84.54 84.81
Change from Previous Day .05 -.22 .05
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 12,045
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,170 8,742 13,684 3,486
Lowest Base Price 71.99 71.99
Highest Base Price 97.19 97.19
Weighted Average Price 79.59 81.07
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 133,621 73,631 88,318 41,180
Lowest Base Price 77.09 85.39 83.48 77.09
Highest Base Price 94.03 93.52 93.52 94.03
Weighted Average Price 89.90 89.46 89.41 90.70
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 67,149 38,867 41,343 23,701
Lowest Base Price 73.77 73.77 73.77 79.42
Highest Base Price 102.93 98.35 98.35 102.93
Weighted Average Price 88.96 88.00 87.87 90.47
Change from Previous Day
Negotiated (live basis)
Head Count 2,463
Lowest Base Price 58.25
Highest Base Price 68.00
Weighted Average Price 66.34
Change from Previous Day 4.54
Negotiated Formula (live basis)
Head Count 1,158
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 3,621
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# -25.00 -13.00 175# -8.70 -1.35 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.95
Price Range $86.00 - $91.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,132 Iowa 80,594
Illinois 20,536 Indiana 13,004
Kansas 2,074 Kentucky 1,220
Maryland 160 Michigan 8,204
Minnesota 53,083 Missouri 2,559
North Carolina 7,284 North Dakota 365
Nebraska 15,116 Ohio 18,607
Oklahoma 1,512 Pennsylvania 6,312
South Dakota 6,967 Wisconsin 1,025
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