USDA National Daily Direct Afternoon Hog Report 11/26 15:00
11/26/2025 | 3:00 pm CST USDA National Daily Direct Afternoon Hog Report 11/26 15:00
LSDLM_HG217
Des Moines, IA Wed, Nov 26, 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 4,250 4,250 2,992 5,118
Other Market Formula 17,767 17,767 17,950 53,285
Swine/Pork Market Formula 117,978 117,978 132,589 119,422
Other Purchase Arrangement 60,113 60,113 66,564 60,271
Negotiated Formula 330 330 655 825
Pack. Sold (all purchase types) 30,033 30,033 41,304 30,658
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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 2,018
Lowest Base Price 65.00
Highest Base Price 75.00
Weighted Average Price 73.57 67.85 68.16
Change from Previous Day 1.85 -3.87 -3.56
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 2,483
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,991 11,213 16,810 2,181
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 136,158 75,572 89,731 41,966
Lowest Base Price 71.72 71.72 71.72 73.97
Highest Base Price 87.68 85.81 85.81 87.68
Weighted Average Price 81.45 81.00 80.96 82.14
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 58,918 31,645 34,755 21,740
Lowest Base Price 73.17 75.80 75.80 73.17
Highest Base Price 103.30 89.36 91.45 103.30
Weighted Average Price 83.10 81.63 81.99 84.69
Change from Previous Day
Negotiated (live basis)
Head Count 1,880
Lowest Base Price 43.25
Highest Base Price 58.70
Weighted Average Price 53.07
Change from Previous Day -.91
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,045
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# -4.00 1.00 205# .00 4.00
155# -30.00 -9.00 185# -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 Hog1 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.36
Price Range $68.00 - $79.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,090 Iowa 79,793
Illinois 19,009 Indiana 14,680
Kansas 1,020 Kentucky 752
Maryland 170 Michigan 7,115
Minnesota 40,878 Missouri 3,282
North Carolina 7,884 North Dakota 458
Nebraska 12,937 Ohio 18,959
Oklahoma 1,900 Pennsylvania 6,335
South Dakota 8,634 Wisconsin 575
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