USDA National Daily Direct Morning Hog Report 11/04 11:05
11/04/2025 | 11:05 am CST USDA National Daily Direct Morning Hog Report 11/04 11:05
LSDLM_HG216
Des Moines, IA Tue, Nov 04, 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 4,850 4,350 12,478 2,151
Other Market Formula 14,115 14,113 15,007 29,791
Swine/Pork Market Formula 103,136 88,820 82,502 88,525
Other Purchase Arrangement 57,353 55,087 51,124 46,097
Negotiated Formula 1,158 1,158 1,617 333
Pack. Sold (all purchase types) 23,555 23,555 27,119 28,416
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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 3,600
Lowest Base Price 80.00
Highest Base Price 87.00
Weighted Average Price 84.07 84.32 84.32
Change from Previous Day .66
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,600
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,694 7,915 12,682 2,012
Lowest Base Price 72.00 75.60
Highest Base Price 97.19 97.19
Weighted Average Price 79.07 82.59
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 101,859 57,380 68,256 29,644
Lowest Base Price 77.09 85.44 83.48 77.09
Highest Base Price 94.03 93.52 93.52 94.03
Weighted Average Price 89.97 89.44 89.36 91.07
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 54,497 33,827 35,283 18,078
Lowest Base Price 73.77 73.77 73.77 81.66
Highest Base Price 102.93 98.35 98.35 102.93
Weighted Average Price 89.66 88.70 88.68 91.30
Change from Previous Day
Negotiated (live basis)
Head Count 630
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,158
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,788
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# -25.00 -14.62 175# -8.70 -1.35 205# .00 4.00
155# -25.00 -11.82 185# .00 .00 215# .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 Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.95
Price Range $87.50 - $91.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,999 Iowa 64,474
Illinois 18,677 Indiana 5,269
Kansas 1,692 Kentucky 1,220
Maryland 160 Michigan 5,495
Minnesota 38,800 Missouri 2,394
North Carolina 7,280 North Dakota 365
Nebraska 13,199 Ohio 12,682
Oklahoma 1,512 Pennsylvania 5,453
South Dakota 2,686 Wisconsin 726
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