USDA National Daily Direct Hog Prior Day Report 11/26 08:00
11/26/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 11/26 08:00
LM_HG218
Des Moines, IA Wed, Nov 26, 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 4,294 6,335 8,325
Other Market Formula 20,032 17,144 54,032
Swine/Pork Market Formula 123,613 131,361 130,340
Other Purchase Arrangement 64,324 60,621 54,448
Negotiated Formula 330 988 100
Pack. Sold (all purchase types) 33,356 33,964 34,356
================================================================================
Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
------------------------------------------------------------------
Barrows & Gilts (carcass basis):
Producer Sold
Head Count 1,930 17,110 117,745 60,400 165 197,350
Base Price 73.25 81.48 82.47 81.35
Packer Sold
Head Count 33,177
Base Price 80.87
================================================================================
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 1,930
Lowest Base Price 68.00
Highest Base Price 86.00
Weighted Average Price 73.25 73.25 73.25
Negotiated Formula (carcass basis)
Head Count 465
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,395
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 21,335 11,459 16,899 4,436
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 142,278 79,759 96,599 41,546
Lowest Base Price 73.23 73.23 73.23 73.36
Highest Base Price 87.68 86.06 86.06 87.68
Weighted Average Price 81.48 80.98 80.95 82.39
Other Purchase Arrangement (carcass basis)
Head Count 64,519 41,080 44,700 17,552
Lowest Base Price 73.17 75.76 75.76 73.17
Highest Base Price 103.30 89.36 89.36 103.30
Weighted Average Price 82.27 81.16 81.33 84.27
Negotiated (live basis)
Head Count 1,988
Lowest Base Price 43.25
Highest Base Price 58.70
Weighted Average Price 53.26
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,153
Lowest Base Price
Highest Base Price
Weighted Average Price
================================================================================
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)
================================================================================
CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -7.60 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
================================================================================
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog217.91 lb carcass .59 inch back-fat
8.33 square inch loin 2.77 inch loin depth FFLI: 54.36
Price Range $72.00 - $86.00
================================================================================
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
-------------------------------------------
California 20 Canada 5,941
Iowa 92,796 Illinois 19,626
Indiana 15,104 Kansas 2,039
Kentucky 1,239 Michigan 8,884
Minnesota 43,339 Missouri 3,402
Montana 18 North Carolina 8,028
North Dakota 458 Nebraska 14,207
Ohio 14,550 Oklahoma 1,898
Pennsylvania 4,663 South Dakota 9,242
Wisconsin 495
================================================================================
[0600059D]