USDA National Daily Direct Afternoon Hog Report 11/12 14:55
11/12/2025 | 2:55 pm CST USDA National Daily Direct Afternoon Hog Report 11/12 14:55
LSDLM_HG217
Des Moines, IA Wed, Nov 12, 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 3,291 3,291 5,786 11,637
Other Market Formula 17,941 17,941 18,155 36,217
Swine/Pork Market Formula 141,257 141,257 131,759 145,261
Other Purchase Arrangement 65,066 65,066 64,967 58,478
Negotiated Formula 785 785 165 2,506
Pack. Sold (all purchase types) 35,437 35,437 31,377 36,531
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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 1,550
Lowest Base Price 72.00
Highest Base Price 83.00
Weighted Average Price 78.78 78.91 79.56
Change from Previous Day -3.34 -4.29 -3.37
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 1,550
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,666 9,836 14,247 3,419
Lowest Base Price 70.77 76.64
Highest Base Price 93.64 84.03
Weighted Average Price 80.10 80.36
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 164,927 95,028 111,866 49,585
Lowest Base Price 80.77 80.77 80.77 81.22
Highest Base Price 93.71 92.05 92.05 93.71
Weighted Average Price 87.15 86.77 86.82 87.68
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 66,614 38,642 40,643 23,526
Lowest Base Price 76.57 76.57 76.57 77.66
Highest Base Price 102.93 96.40 96.40 102.93
Weighted Average Price 87.42 86.75 86.68 88.44
Change from Previous Day
Negotiated (live basis)
Head Count 1,458
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 785
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,243
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# -30.00 -14.62 175# -8.30 1.00 205# .00 4.00
155# -30.00 -11.82 185# .00 1.50 215# .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 Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.67
Price Range $79.50 - $87.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,301 Iowa 95,875
Illinois 20,387 Indiana 18,935
Kansas 1,608 Kentucky 522
Michigan 10,435 Minnesota 49,188
Missouri 3,250 North Carolina 7,452
North Dakota 329 Nebraska 14,303
Ohio 19,682 Oklahoma 1,905
Pennsylvania 6,581 South Carolina 165
South Dakota 7,196 Wisconsin 663
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