USDA National Daily Direct Afternoon Hog Report 11/20 15:01
11/20/2025 | 3:01 pm CST USDA National Daily Direct Afternoon Hog Report 11/20 15:01
LSDLM_HG217
Des Moines, IA Thu, Nov 20, 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 3,750 3,750 2,205 1,520
Other Market Formula 18,516 18,516 22,299 30,089
Swine/Pork Market Formula 131,630 131,630 132,156 138,647
Other Purchase Arrangement 61,397 61,397 64,039 56,564
Negotiated Formula 1,165 1,165 1,254 755
Pack. Sold (all purchase types) 26,511 26,511 33,232 28,295
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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 1,353
Lowest Base Price 69.00
Highest Base Price 81.00
Weighted Average Price 71.87 70.24 70.29 75.00
Change from Previous Day -2.74
Negotiated Formula (carcass basis)
Head Count 835
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,188
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,074 10,627 13,168 3,906
Lowest Base Price 70.65 72.19
Highest Base Price 93.00 82.88
Weighted Average Price 76.80 78.68
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 150,301 84,429 100,028 46,164
Lowest Base Price 74.61 74.61 74.61 76.11
Highest Base Price 89.32 88.67 88.67 89.32
Weighted Average Price 83.43 83.04 83.00 84.05
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 58,991 34,039 36,524 20,049
Lowest Base Price 69.00 69.00 69.00 73.92
Highest Base Price 98.15 96.04 96.04 98.15
Weighted Average Price 83.75 82.35 82.61 85.53
Change from Previous Day
Negotiated (live basis)
Head Count 2,138
Lowest Base Price 47.00
Highest Base Price 59.25
Weighted Average Price 56.30
Change from Previous Day -1.45
Negotiated Formula (live basis)
Head Count 330
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,468
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# -7.50 1.00 205# .00 4.00
155# -30.00 -5.00 185# .00 1.50 215# -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 Hog2 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.13
Price Range $76.00 - $84.26
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,966 Iowa 88,090
Idaho 250 Illinois 22,937
Indiana 16,068 Kansas 1,189
Kentucky 1,421 Michigan 8,565
Minnesota 45,343 Missouri 4,215
Montana 221 North Carolina 7,301
Nebraska 10,382 Ohio 15,156
Oklahoma 1,590 Pennsylvania 5,040
South Dakota 8,091 Wisconsin 1,144
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[0600059D]