USDA National Daily Direct Hog Prior Day Report 11/14 07:50
11/14/2025 | 7:59 am CST USDA National Daily Direct Hog Prior Day Report 11/14 07:50
LM_HG218
Des Moines, IA Fri, Nov 14, 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
--------------------------
Producer Sold
Negotiated 2,156 2,951 3,240
Other Market Formula 18,482 18,582 37,408
Swine/Pork Market Formula 133,848 125,468 132,918
Other Purchase Arrangement 58,176 56,256 54,358
Negotiated Formula 1,332 270 1,434
Pack. Sold (all purchase types) 33,197 29,638 31,662
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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 1,406 15,501 129,735 53,601 200,243
Base Price 74.71 76.81 85.55 85.56 84.80
Packer Sold
Head Count 33,137
Base Price 84.29
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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 1,406
Lowest Base Price 70.00
Highest Base Price 84.00
Weighted Average Price 74.71
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,406
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 19,831 9,346 15,226 4,605
Lowest Base Price 70.00 72.74
Highest Base Price 96.96 95.72
Weighted Average Price 77.18 78.10
Swine/Pork Market Formula (carcass basis)
Head Count 153,887 89,695 105,363 44,036
Lowest Base Price 77.48 77.48 77.48 79.89
Highest Base Price 92.13 90.91 90.91 92.13
Weighted Average Price 85.59 85.23 85.13 86.29
Other Purchase Arrangement (carcass basis)
Head Count 58,256 33,692 39,127 16,711
Lowest Base Price 72.26 72.26 72.26 76.42
Highest Base Price 97.67 93.72 96.22 97.67
Weighted Average Price 85.26 84.25 84.53 86.39
Negotiated (live basis)
Head Count 566
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 1,332
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,898
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 -13.00 175# -3.25 .00 205# .00 .00
155# -11.82 -5.00 185# -1.50 .00 215# -8.00 .00
165# -5.00 .00 195# .00 .00 225# -30.00 .00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog216.38 lb carcass .57 inch back-fat
8.27 square inch loin 2.75 inch loin depth FFLI: 54.64
Price Range $77.50 - $87.68
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Arkansas 58 Canada 6,008
Colorado 241 Iowa 86,891
Idaho 251 Illinois 17,928
Indiana 15,820 Kansas 2,225
Kentucky 3,403 Michigan 7,204
Minnesota 47,781 Missouri 2,725
Montana 216 North Carolina 7,321
North Dakota 170 Nebraska 17,257
Ohio 15,655 Oklahoma 1,838
Pennsylvania 4,330 South Dakota 8,063
Tennessee 1,155 Wisconsin 651
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