USDA National Daily Direct Hog Prior Day Report 11/28 08:10
11/28/2025 | 8:10 am CST USDA National Daily Direct Hog Prior Day Report 11/28 08:10
LM_HG218
Des Moines, IA Fri, Nov 28, 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 2,633 3,177 4,813
Other Market Formula 18,990 18,708 29,038
Swine/Pork Market Formula 118,823 130,955 121,286
Other Purchase Arrangement 67,235 56,591 60,771
Negotiated Formula 165 777 1,005
Pack. Sold (all purchase types) 34,036 32,812 33,035
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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 2,368 15,727 114,583 66,230 165 199,073
Base Price 73.19 81.14 82.65 81.21
Packer Sold
Head Count 33,859
Base Price 81.28
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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 2,368
Lowest Base Price 65.00
Highest Base Price 75.00
Weighted Average Price 73.19 69.55 69.47
Negotiated Formula (carcass basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,533
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 20,032 11,292 17,848 2,184
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 140,196 78,070 92,475 43,606
Lowest Base Price 69.85 69.85 69.85 73.22
Highest Base Price 86.71 86.71 86.71 86.25
Weighted Average Price 81.23 80.79 80.79 81.93
Other Purchase Arrangement (carcass basis)
Head Count 70,171 46,236 49,196 18,387
Lowest Base Price 73.17 73.66 73.66 73.17
Highest Base Price 97.88 89.23 91.45 97.88
Weighted Average Price 82.49 81.60 81.82 84.00
Negotiated (live basis)
Head Count 100
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 100
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 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -9.00 185# -1.50 1.50 215# .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 Hog217.22 lb carcass .59 inch back-fat
8.33 square inch loin 2.77 inch loin depth FFLI: 54.38
Price Range $68.00 - $79.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,468 Iowa 88,992
Illinois 19,655 Indiana 14,676
Kansas 1,093 Kentucky 1,246
Michigan 6,374 Minnesota 47,824
Missouri 1,939 North Carolina 7,740
Nebraska 12,302 Ohio 17,640
Oklahoma 1,878 Pennsylvania 4,777
South Dakota 9,378 Wisconsin 735
Wyoming 165
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