USDA National Daily Direct Morning Hog Report 11/05 10:50
11/05/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/05 10:50
LSDLM_HG216
Des Moines, IA Wed, Nov 05, 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 3,294 2,794 3,249 2,801
Other Market Formula 14,689 14,645 17,823 20,085
Swine/Pork Market Formula 113,016 96,303 93,575 92,896
Other Purchase Arrangement 56,130 53,404 48,849 50,758
Negotiated Formula 165 165 1,116 377
Pack. Sold (all purchase types) 29,269 29,269 27,383 26,321
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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 1,850
Lowest Base Price 79.00
Highest Base Price 87.00
Weighted Average Price 86.39 86.64
Change from Previous Day 2.32 2.32
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 1,850
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,071 8,987 13,590 1,481
Lowest Base Price 71.25 74.31
Highest Base Price 96.94 96.69
Weighted Average Price 79.26 83.80
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 112,149 65,944 76,617 31,864
Lowest Base Price 81.83 81.83 81.83 83.48
Highest Base Price 95.04 93.60 93.60 95.04
Weighted Average Price 88.92 88.50 88.39 89.86
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 54,902 32,659 35,419 18,353
Lowest Base Price 77.15 77.15 77.15 80.54
Highest Base Price 102.93 98.12 98.12 102.93
Weighted Average Price 88.85 88.22 88.12 90.22
Change from Previous Day
Negotiated (live basis)
Head Count 944
Lowest Base Price 58.75
Highest Base Price 67.35
Weighted Average Price 64.95
Change from Previous Day
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,109
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# -21.75 -13.00 175# -8.70 -1.35 205# .00 1.74
155# -13.05 -10.00 185# -1.50 .00 215# .00 1.74
165# -8.70 -3.37 195# .00 .00 225# -1.33 .87
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog7 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.90
Price Range $86.50 - $90.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,008 Iowa 73,721
Illinois 16,980 Indiana 8,418
Kansas 1,666 Kentucky 1,074
Michigan 6,175 Minnesota 36,354
Missouri 2,103 North Carolina 7,410
North Dakota 469 Nebraska 14,469
Ohio 13,023 Oklahoma 1,414
Pennsylvania 4,925 South Dakota 2,757
Wisconsin 629
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