USDA National Daily Direct Afternoon Hog Report 11/18 14:50
11/18/2025 | 2:50 pm CST USDA National Daily Direct Afternoon Hog Report 11/18 14:50
LSDLM_HG217
Des Moines, IA Tue, Nov 18, 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 7,557 7,557 3,485 4,890
Other Market Formula 15,819 15,819 13,552 26,028
Swine/Pork Market Formula 143,653 143,653 123,891 160,801
Other Purchase Arrangement 68,899 68,899 54,542 65,540
Negotiated Formula 655 655 190 1,695
Pack. Sold (all purchase types) 35,515 35,515 18,978 28,192
--------------------------------------------------------------------------------
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 6,131
Lowest Base Price 68.00
Highest Base Price 77.00
Weighted Average Price 75.56 75.50 75.57
Change from Previous Day -.58 -1.01 -.94
Negotiated Formula (carcass basis)
Head Count 465
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 6,596
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,546 9,115 15,620 1,926
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 164,598 94,250 112,074 48,272
Lowest Base Price 74.96 74.96 74.96 77.64
Highest Base Price 90.59 89.94 89.94 90.59
Weighted Average Price 85.15 84.56 84.56 86.16
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 68,127 39,522 41,394 25,117
Lowest Base Price 68.91 68.91 68.91 72.00
Highest Base Price 103.30 93.23 93.23 103.30
Weighted Average Price 84.88 83.72 83.75 86.47
Change from Previous Day
Negotiated (live basis)
Head Count 1,195
Lowest Base Price 52.25
Highest Base Price 60.55
Weighted Average Price 57.78
Change from Previous Day .09
Negotiated Formula (live basis)
Head Count 490
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,685
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -7.68 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog5 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.42
Price Range $74.00 - $81.00
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,251 Iowa 98,709
Illinois 21,802 Indiana 17,918
Kansas 1,685 Kentucky 1,456
Maryland 160 Michigan 9,863
Minnesota 51,766 Missouri 2,445
Montana 219 North Carolina 7,739
Nebraska 17,446 Ohio 18,607
Oklahoma 1,775 Pennsylvania 5,754
South Carolina 150 South Dakota 8,876
Wisconsin 477
--------------------------------------------------------------------------------
[0600059D]