USDA National Daily Direct Afternoon Hog Report 11/28 14:55
11/28/2025 | 2:55 pm CST USDA National Daily Direct Afternoon Hog Report 11/28 14:55
LSDLM_HG217
Des Moines, IA Fri, Nov 28, 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 1,273 1,273 3,416 1,994
Other Market Formula 17,844 17,844 16,432 37,722
Swine/Pork Market Formula 113,826 113,826 148,513 159,719
Other Purchase Arrangement 63,824 63,824 67,854 61,148
Negotiated Formula 1,160 1,160 582 1,195
Pack. Sold (all purchase types) 29,122 29,122 38,234 28,633
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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 1,168
Lowest Base Price 65.00
Highest Base Price 76.00
Weighted Average Price 72.09 72.56 72.56
Change from Previous Day -1.48 4.71 4.40
Negotiated Formula (carcass basis)
Head Count 365
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,533
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,044 10,424 15,984 2,060
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 131,745 76,858 90,990 38,565
Lowest Base Price 69.85 69.85 69.85 73.48
Highest Base Price 88.59 86.71 86.71 88.59
Weighted Average Price 81.36 80.87 80.88 82.41
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 66,537 47,521 49,161 14,790
Lowest Base Price 73.17 73.66 73.66 73.17
Highest Base Price 97.88 94.81 94.81 97.88
Weighted Average Price 82.12 81.56 81.63 83.31
Change from Previous Day
Negotiated (live basis)
Head Count 105
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 795
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 900
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# -25.00 -14.62 175# -7.05 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -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: 54.38
Price Range $71.91 - $76.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,226 Iowa 87,834
Idaho 150 Illinois 20,101
Indiana 12,045 Kansas 927
Kentucky 1,378 Michigan 3,121
Minnesota 48,359 Missouri 1,123
Montana 445 North Carolina 8,039
Nebraska 9,788 Ohio 16,046
Oklahoma 1,860 Pennsylvania 2,326
South Dakota 9,621 Wisconsin 495
Wyoming 165
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