USDA National Daily Direct Hog Prior Day Report 11/03 07:55
11/03/2025 | 7:59 am CST USDA National Daily Direct Hog Prior Day Report 11/03 07:55
LM_HG218
Des Moines, IA Mon, Nov 03, 2025
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 1,794 1,879 2,226
Other Market Formula 26,402 24,668 65,405
Swine/Pork Market Formula 185,706 181,038 196,801
Other Purchase Arrangement 123,168 127,080 170,520
Negotiated Formula 651 1,282 3,888
Pack. Sold (all purchase types) 37,582 39,975 47,032
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 916 24,692 179,260 119,585 160 324,613
Base Price 83.52 78.67 89.62 86.33 87.55
Packer Sold
Head Count 37,561
Base Price 87.94
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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 916
Lowest Base Price 80.00
Highest Base Price 86.00
Weighted Average Price 83.52 83.50
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,076
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 29,470 18,390 26,161 3,309
Lowest Base Price 67.75 67.75
Highest Base Price 97.43 97.43
Weighted Average Price 79.19 79.50
Swine/Pork Market Formula (carcass basis)
Head Count 205,181 123,460 141,344 61,283
Lowest Base Price 77.76 81.76 81.76 77.76
Highest Base Price 94.53 93.79 93.79 94.53
Weighted Average Price 89.63 89.42 89.38 90.06
Other Purchase Arrangement (carcass basis)
Head Count 126,447 92,080 94,105 30,400
Lowest Base Price 72.23 72.23 72.23 76.11
Highest Base Price 103.86 103.86 103.86 99.20
Weighted Average Price 86.29 85.94 86.00 86.80
Negotiated (live basis)
Head Count 748
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 491
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,239
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -25.00 -14.62 175# -8.60 .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 Hog216.58 lb carcass .59 inch back-fat
8.27 square inch loin 2.75 inch loin depth FFLI: 54.35
Price Range $87.50 - $89.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,934 Iowa 169,263
Illinois 21,756 Indiana 31,416
Kansas 2,265 Kentucky 2,325
Michigan 9,262 Minnesota 66,515
Missouri 1,933 Montana 219
North Carolina 8,840 North Dakota 321
Nebraska 17,309 Ohio 24,427
Oklahoma 75 Pennsylvania 3,693
South Carolina 330 South Dakota 9,672
Texas 102 Wisconsin 646
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