USDA National Daily Direct Hog Prior Day Report 11/18 07:50
11/18/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 11/18 07:50
LM_HG218
Des Moines, IA Tue, Nov 18, 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 7,073 3,454 2,564
Other Market Formula 19,611 14,997 22,065
Swine/Pork Market Formula 128,813 122,606 129,178
Other Purchase Arrangement 61,482 52,892 55,729
Negotiated Formula 485 835
Pack. Sold (all purchase types) 34,042 33,627 33,269
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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 5,070 16,161 123,533 55,727 325 200,816
Base Price 76.16 85.29 85.61 84.40
Packer Sold
Head Count 33,967
Base Price 84.00
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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 5,070
Lowest Base Price 68.00
Highest Base Price 78.00
Weighted Average Price 76.16
Negotiated Formula (carcass basis)
Head Count 625
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 5,695
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 21,511 11,021 18,934 2,577
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 147,699 86,257 101,915 41,880
Lowest Base Price 74.96 74.96 74.96 77.64
Highest Base Price 90.59 89.94 89.94 90.59
Weighted Average Price 85.33 84.82 84.85 86.16
Other Purchase Arrangement (carcass basis)
Head Count 60,043 38,320 39,530 19,390
Lowest Base Price 75.72 75.72 75.72 76.42
Highest Base Price 103.30 93.23 93.23 103.30
Weighted Average Price 85.33 84.01 83.97 87.86
Negotiated (live basis)
Head Count 1,785
Lowest Base Price 52.25
Highest Base Price 60.30
Weighted Average Price 57.91
Negotiated Formula (live basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,945
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# -7.68 .00 205# .00 4.00
155# -25.00 -10.00 185# .00 .00 215# .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 Hog217.95 lb carcass .58 inch back-fat
8.18 square inch loin 2.72 inch loin depth FFLI: 54.42
Price Range $75.50 - $82.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 3,969 Iowa 91,904
Illinois 24,565 Indiana 14,871
Kansas 1,680 Kentucky 1,411
Maryland 160 Michigan 8,403
Minnesota 49,544 Missouri 2,123
Montana 673 North Carolina 7,652
Nebraska 16,696 Ohio 12,445
Oklahoma 1,692 Pennsylvania 4,145
South Carolina 150 South Dakota 8,783
Wisconsin 805
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