USDA National Daily Direct Hog Prior Day Report 11/25 07:50
11/25/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 11/25 07:50
LM_HG218
Des Moines, IA Tue, Nov 25, 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 3,293 7,073 2,146
Other Market Formula 16,229 19,611 33,238
Swine/Pork Market Formula 124,419 128,813 128,861
Other Purchase Arrangement 71,435 61,482 57,849
Negotiated Formula 327 485 190
Pack. Sold (all purchase types) 34,529 34,042 34,736
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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 1,540 12,922 117,818 67,547 165 199,992
Base Price 81.49 82.39 81.34
Packer Sold
Head Count 34,429
Base Price 81.45
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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 1,540
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (carcass basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,705
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 17,472 9,093 14,417 3,055
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 142,869 82,451 100,021 38,141
Lowest Base Price 71.36 71.36 71.36 72.14
Highest Base Price 87.71 86.51 86.56 87.71
Weighted Average Price 81.65 81.05 81.07 82.67
Other Purchase Arrangement (carcass basis)
Head Count 72,375 48,921 51,361 19,889
Lowest Base Price 71.39 71.39 71.39 73.17
Highest Base Price 98.34 88.63 88.63 98.34
Weighted Average Price 82.18 81.24 81.38 84.11
Negotiated (live basis)
Head Count 1,700
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 162
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,862
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,592 Iowa 96,877
Illinois 19,530 Indiana 12,420
Kansas 1,887 Kentucky 1,100
Maryland 157 Michigan 7,562
Minnesota 46,391 Missouri 3,526
Montana 677 North Carolina 8,127
North Dakota 167 Nebraska 14,855
Ohio 16,547 Oklahoma 1,860
Pennsylvania 4,475 South Dakota 8,820
Wisconsin 662
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