USDA National Daily Direct Morning Hog Report 11/03 11:00
11/03/2025 | 11:00 am CST USDA National Daily Direct Morning Hog Report 11/03 11:00
LSDLM_HG216
Des Moines, IA Mon, Nov 03, 2025
DAILY DIRECT MORNING HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold
Negotiated 2,849 1,589 805 1,182
Other Market Formula 23,353 23,003 22,253 197,859
Swine/Pork Market Formula 154,679 143,039 136,164 134,090
Other Purchase Arrangement 113,643 111,367 118,182 165,060
Negotiated Formula 812 812 1,762 3,072
Pack. Sold (all purchase types) 31,179 31,179 32,949 36,378
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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 849
Lowest Base Price 82.00
Highest Base Price 85.00
Weighted Average Price 83.41
Change from Previous Day -2.00
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,009
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 24,946 16,506 22,511 2,435
Lowest Base Price 67.75 71.99
Highest Base Price 97.43 89.71
Weighted Average Price 80.33 77.92
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 157,693 92,716 105,208 50,079
Lowest Base Price 77.76 81.76 81.76 77.76
Highest Base Price 94.31 93.79 93.79 94.31
Weighted Average Price 89.82 89.55 89.46 90.41
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 112,934 86,201 86,706 25,608
Lowest Base Price 72.23 72.23 72.23 76.11
Highest Base Price 99.20 98.51 98.51 99.20
Weighted Average Price 86.44 85.82 85.85 88.22
Change from Previous Day
Negotiated (live basis)
Head Count 740
Lowest Base Price 54.75
Highest Base Price 66.50
Weighted Average Price 61.80
Change from Previous Day
Negotiated Formula (live basis)
Head Count 652
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,392
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT MORNING HOG REPORT (PDF) (LSDLM_HG216) DAILY
DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on both Fat and Muscle Measurements for a 200 lb Carcass Basis
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CARCASS WEIGHT DIFFERENTIALS
145# -32.00 -14.62 175# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.00 .00 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.35
Price Range $87.50 - $89.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,348 Iowa 138,583
Illinois 18,275 Indiana 23,677
Kansas 2,195 Kentucky 2,155
Michigan 7,671 Minnesota 59,069
Missouri 1,933 Montana 672
North Carolina 7,766 North Dakota 172
Nebraska 13,398 Ohio 22,525
Pennsylvania 4,146 South Carolina 330
South Dakota 4,428 Wisconsin 646
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