USDA National Daily Direct Afternoon Hog Report 11/25 14:50
11/25/2025 | 2:50 pm CST USDA National Daily Direct Afternoon Hog Report 11/25 14:50
LSDLM_HG217
Des Moines, IA Tue, Nov 25, 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 3,766 3,766 7,557 7,211
Other Market Formula 17,737 17,737 15,819 22,168
Swine/Pork Market Formula 122,926 122,926 143,653 127,148
Other Purchase Arrangement 66,077 66,077 68,899 58,821
Negotiated Formula 327 327 655 290
Pack. Sold (all purchase types) 33,133 33,133 35,515 36,535
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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 1,930
Lowest Base Price 68.00
Highest Base Price 86.00
Weighted Average Price 73.25 73.25 73.25
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,095
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 19,049 9,529 15,278 3,771
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 142,757 80,533 96,520 42,131
Lowest Base Price 71.70 71.70 71.70 72.14
Highest Base Price 87.46 86.51 86.56 87.46
Weighted Average Price 81.61 80.91 80.95 82.69
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 67,006 37,666 41,596 23,143
Lowest Base Price 71.39 71.39 71.39 73.17
Highest Base Price 98.34 88.63 88.63 98.34
Weighted Average Price 82.75 81.50 81.67 84.42
Change from Previous Day
Negotiated (live basis)
Head Count 1,748
Lowest Base Price 48.25
Highest Base Price 56.40
Weighted Average Price 53.98
Change from Previous Day
Negotiated Formula (live basis)
Head Count 162
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,910
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 -13.00 175# -7.60 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .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: 54.24
Price Range $72.00 - $86.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,790 Iowa 87,729
Illinois 18,856 Indiana 13,721
Kansas 1,872 Kentucky 602
Maryland 157 Michigan 10,666
Minnesota 43,216 Missouri 4,010
Montana 18 North Carolina 7,971
North Dakota 167 Nebraska 13,946
Ohio 18,964 Oklahoma 1,875
Pennsylvania 5,308 South Dakota 8,276
Wisconsin 822
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