USDA National Daily Direct Hog Prior Day Report 11/20 07:45
11/20/2025 | 7:45 am CST USDA National Daily Direct Hog Prior Day Report 11/20 07:45
LM_HG218
Des Moines, IA Thu, Nov 20, 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 3,923 2,675 4,061
Other Market Formula 16,678 22,121 30,898
Swine/Pork Market Formula 131,847 130,636 130,982
Other Purchase Arrangement 61,092 59,820 58,064
Negotiated Formula 495 265 585
Pack. Sold (all purchase types) 32,982 32,549 30,788
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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 1,643 14,047 126,607 57,835 495 200,627
Base Price 74.11 83.65 83.63 83.09
Packer Sold
Head Count 32,851
Base Price 82.83
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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 1,643
Lowest Base Price 68.00
Highest Base Price 76.00
Weighted Average Price 74.11 74.28 73.39
Negotiated Formula (carcass basis)
Head Count 495
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,138
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 19,359 10,186 16,901 2,458
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 151,443 86,813 103,318 44,184
Lowest Base Price 74.30 74.30 74.30 76.11
Highest Base Price 89.67 89.29 89.29 89.67
Weighted Average Price 83.66 83.26 83.24 84.31
Other Purchase Arrangement (carcass basis)
Head Count 60,538 36,546 39,185 19,073
Lowest Base Price 72.00 72.00 72.00 73.92
Highest Base Price 98.15 91.94 91.94 98.15
Weighted Average Price 83.50 82.37 82.46 85.15
Negotiated (live basis)
Head Count 2,097
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,097
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# -30.00 -14.62 175# -7.55 1.00 205# .00 3.00
155# -30.00 -10.00 185# .00 1.50 215# .00 3.00
165# -15.00 -3.37 195# .00 3.00 225# -1.33 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog219.52 lb carcass .60 inch back-fat
8.21 square inch loin 2.73 inch loin depth FFLI: 54.13
Price Range $75.50 - $77.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,440 Iowa 90,005
Illinois 20,157 Indiana 15,810
Kansas 1,549 Kentucky 1,421
Michigan 7,310 Minnesota 47,276
Missouri 3,713 North Carolina 7,301
Nebraska 16,610 Ohio 16,517
Oklahoma 1,759 Pennsylvania 3,746
South Dakota 7,283 Wisconsin 1,120
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