USDA National Daily Direct Afternoon Hog Report 11/14 14:55
11/14/2025 | 2:55 pm CST USDA National Daily Direct Afternoon Hog Report 11/14 14:55
LSDLM_HG217
Des Moines, IA Fri, Nov 14, 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 2,175 2,175 2,468 3,394
Other Market Formula 17,790 17,790 18,035 24,149
Swine/Pork Market Formula 142,651 142,651 127,632 149,267
Other Purchase Arrangement 63,564 63,564 62,236 65,633
Negotiated Formula 477 477 904 1,168
Pack. Sold (all purchase types) 34,596 34,596 31,053 31,817
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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 1,311
Lowest Base Price 69.00
Highest Base Price 80.00
Weighted Average Price 75.84
Change from Previous Day -2.02
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 1,311
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 19,098 8,368 13,753 5,345
Lowest Base Price 70.00 72.74
Highest Base Price 96.02 95.72
Weighted Average Price 77.28 77.52
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 164,093 94,322 109,329 50,454
Lowest Base Price 75.73 75.73 75.73 79.36
Highest Base Price 91.01 90.91 90.91 90.91
Weighted Average Price 85.55 85.21 85.10 86.19
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 63,118 33,587 36,877 23,831
Lowest Base Price 71.00 72.26 72.26 71.00
Highest Base Price 101.13 101.13 101.13 97.67
Weighted Average Price 84.75 84.13 84.30 85.03
Change from Previous Day
Negotiated (live basis)
Head Count 566
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 477
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,043
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 -14.62 175# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -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 Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.64
Price Range $76.50 - $84.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,194 Colorado 241
Iowa 86,535 Illinois 19,407
Indiana 17,651 Kansas 1,840
Kentucky 2,535 Michigan 9,160
Minnesota 52,568 Missouri 3,092
Montana 220 North Carolina 7,319
North Dakota 170 Nebraska 15,535
Ohio 24,318 Oklahoma 1,741
Pennsylvania 4,529 South Dakota 5,846
Tennessee 1,485 Wisconsin 867
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