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USDA National Daily Direct Afternoon Hog Report 11/17 14:55

USDA National Daily Direct Afternoon Hog Report 11/17 14:55

LSDLM_HG217
Des Moines, IA                             Mon, Nov 17, 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                                  4,656     4,656     2,965     3,663
 Other Market Formula                       32,917    32,917    24,917    39,390
 Swine/Pork Market Formula                 221,276   221,276   191,455   148,006
 Other Purchase Arrangement                192,234   192,234   147,132   164,423
 Negotiated Formula                            649       649       164       165
Pack. Sold (all purchase types)             51,572    51,572    58,362    58,849
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                          Volume and Price Range For Barrows and Gilts
                              Purchased Swine (Including Packer Sold)
                                    National       Iowa/     Western     Eastern
                                                 Minnesota  Cornbelt    Cornbelt
                                   ---------------------------------------------
Negotiated (carcass basis)
   Head Count                          3,210                                    
   Lowest Base Price                   68.00                                    
   Highest Base Price                  78.00                                    
   Weighted Average Price              76.14       76.51       76.51            
   Change from Previous Day              .30                                    
Negotiated Formula (carcass basis)
   Head Count                            490                                    
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Combined Negotiated/Negotiated Formula (carcass basis)
   Head Count                          3,700                                    
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Other Market Formula (carcass basis)
   Head Count                         36,608      21,120      33,469       3,139
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Swine/Pork Market Formula (carcass basis)
   Head Count                        251,560     151,849     177,624      69,659
   Lowest Base Price                   75.01       77.84       77.57       75.01
   Highest Base Price                  91.48       90.83       90.83       91.48
   Weighted Average Price              85.47       85.02       84.95       86.55
   Change from Previous Day                                                     
Other Purchase Arrangement (carcass basis)
   Head Count                        196,079     157,253     160,522      34,434
   Lowest Base Price                   70.02       70.02       70.02       76.42
   Highest Base Price                 102.93       93.94       93.94      102.93
   Weighted Average Price              83.09       82.28       82.30       86.57
   Change from Previous Day                                                     
Negotiated (live basis)
   Head Count                          1,446                                    
   Lowest Base Price                   49.50                                    
   Highest Base Price                  62.00                                    
   Weighted Average Price              57.69                                    
   Change from Previous Day                                                     
Negotiated Formula (live basis)
   Head Count                            159                                    
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Combined Negotiated/Negotiated Formula (live basis)
   Head Count                          1,605                                    
   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#   -7.68    .00         205#     .00   4.00
    155#  -25.00 -10.00         185#     .00    .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 Hog3 lb carcassnch back-fatre inch loinh loin 
depthFFLI: 54.47       
 
Price Range $75.50  - $82.00  
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
 
Canada                3,676          Iowa                246,414
Illinois             30,601          Indiana              28,513
Kansas                1,328          Kentucky              1,328
Michigan             13,884          Minnesota            87,224
Missouri              3,809          Montana                 673
North Carolina        7,713          North Dakota            340
Nebraska             25,784          Ohio                 29,555
Oklahoma              1,703          Pennsylvania          6,334
South Dakota         13,213          Wisconsin             1,212

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