USDA National Daily Direct Hog Prior Day Report 11/21 08:00
11/21/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 11/21 08:00
LM_HG218
Des Moines, IA Fri, Nov 21, 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 3,177 2,156 1,529
Other Market Formula 18,708 18,482 24,369
Swine/Pork Market Formula 130,955 133,848 136,346
Other Purchase Arrangement 56,591 58,176 51,623
Negotiated Formula 777 1,332 1,165
Pack. Sold (all purchase types) 32,812 33,197 27,008
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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 1,948 16,206 126,665 52,027 395 197,241
Base Price 70.80 77.56 82.20 82.96 81.90
Packer Sold
Head Count 32,549
Base Price 82.05
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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 1,948
Lowest Base Price 69.00
Highest Base Price 81.00
Weighted Average Price 70.80
Negotiated Formula (carcass basis)
Head Count 395
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,343
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 21,071 10,906 16,680 4,391
Lowest Base Price 69.92 72.19
Highest Base Price 90.22 84.31
Weighted Average Price 78.19 78.35
Swine/Pork Market Formula (carcass basis)
Head Count 151,244 83,398 99,192 47,642
Lowest Base Price 71.87 73.13 71.87 74.37
Highest Base Price 89.27 88.27 88.27 89.27
Weighted Average Price 82.27 81.80 81.74 82.99
Other Purchase Arrangement (carcass basis)
Head Count 55,132 34,498 38,086 14,628
Lowest Base Price 69.00 69.00 69.00 73.92
Highest Base Price 98.34 96.04 96.04 98.34
Weighted Average Price 82.79 81.85 82.04 84.15
Negotiated (live basis)
Head Count 1,122
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 382
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,504
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# -7.50 .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 Hog219.19 lb carcass .60 inch back-fat
8.24 square inch loin 2.74 inch loin depth FFLI: 54.15
Price Range $76.50 - $84.26
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,506 Colorado 318
Iowa 89,239 Idaho 251
Illinois 24,049 Indiana 17,351
Kansas 1,473 Kentucky 1,178
Michigan 7,048 Minnesota 42,243
Missouri 3,667 Montana 221
North Carolina 7,580 North Dakota 170
Nebraska 14,702 Ohio 13,205
Oklahoma 1,708 Pennsylvania 3,769
South Dakota 8,534 Wisconsin 808
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