USDA National Daily Direct Afternoon Hog Report 11/21 14:45
11/21/2025 | 2:45 pm CST USDA National Daily Direct Afternoon Hog Report 11/21 14:45
LSDLM_HG217
Des Moines, IA Fri, Nov 21, 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 3,416 3,416 2,175 2,510
Other Market Formula 16,432 16,432 17,790 26,044
Swine/Pork Market Formula 148,513 148,513 142,651 154,623
Other Purchase Arrangement 67,854 67,854 63,564 57,647
Negotiated Formula 582 582 477 985
Pack. Sold (all purchase types) 38,234 38,234 34,596 28,996
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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 2,004
Lowest Base Price 67.00
Highest Base Price 73.00
Weighted Average Price 70.64 70.20 70.20
Change from Previous Day -1.23 -.04 -.09
Negotiated Formula (carcass basis)
Head Count 55
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,059
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 19,788 8,972 17,283 2,505
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 173,665 97,606 113,458 56,124
Lowest Base Price 71.87 73.13 71.87 73.33
Highest Base Price 88.92 88.27 88.27 88.92
Weighted Average Price 81.55 81.12 80.99 82.32
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 67,238 39,073 42,161 22,174
Lowest Base Price 68.00 68.00 68.00 73.17
Highest Base Price 98.34 98.27 98.27 98.34
Weighted Average Price 82.02 81.32 81.41 82.90
Change from Previous Day
Negotiated (live basis)
Head Count 1,337
Lowest Base Price 47.25
Highest Base Price 59.50
Weighted Average Price 54.26
Change from Previous Day -2.04
Negotiated Formula (live basis)
Head Count 527
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,864
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# -32.00 -14.62 175# -4.00 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.00 1.50 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.15
Price Range $74.50 - $76.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,853 Colorado 318
Iowa 105,838 Illinois 19,866
Indiana 23,559 Kansas 2,248
Kentucky 534 Michigan 10,695
Minnesota 42,603 Missouri 3,377
Montana 449 North Carolina 8,194
North Dakota 170 Nebraska 16,894
Ohio 20,222 Oklahoma 1,693
Pennsylvania 4,646 South Dakota 7,384
Wisconsin 488
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