USDA National Daily Direct Morning Hog Report 11/10 10:50
11/10/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/10 10:50
LSDLM_HG216
Des Moines, IA Mon, Nov 10, 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 2,602 1,352 1,589 1,625
Other Market Formula 21,650 20,310 23,003 29,965
Swine/Pork Market Formula 159,833 152,832 143,039 115,707
Other Purchase Arrangement 140,990 138,559 111,367 148,251
Negotiated Formula 164 164 812 665
Pack. Sold (all purchase types) 44,374 44,374 31,179 42,219
--------------------------------------------------------------------------------
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 4,281
Lowest Base Price 82.00
Highest Base Price 87.00
Weighted Average Price 84.29
Change from Previous Day -.19
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 4,281
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 20,274 14,290 18,330 1,944
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 176,856 105,582 123,754 49,093
Lowest Base Price 80.43 80.76 80.43 81.68
Highest Base Price 93.25 92.60 92.60 93.25
Weighted Average Price 87.83 87.46 87.38 88.67
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 141,377 114,359 115,824 25,083
Lowest Base Price 73.19 73.19 73.19 76.29
Highest Base Price 102.93 96.10 96.10 102.93
Weighted Average Price 84.56 84.03 84.06 86.69
Change from Previous Day
Negotiated (live basis)
Head Count 1,012
Lowest Base Price 54.50
Highest Base Price 66.45
Weighted Average Price 62.63
Change from Previous Day
Negotiated Formula (live basis)
Head Count 159
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,171
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -25.00 -14.62 175# -1.35 .00 205# .00 .00
155# -11.82 -5.00 185# .00 .00 215# -8.00 .00
165# -5.00 .00 195# .00 .00 225# -30.00 .00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog5 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.24
Price Range $84.00 - $91.09
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,031 Iowa 185,463
Illinois 17,854 Indiana 24,352
Kansas 2,310 Kentucky 1,803
Michigan 9,709 Minnesota 53,158
Missouri 2,928 Montana 676
North Carolina 9,650 North Dakota 174
Nebraska 13,890 Ohio 17,937
Oklahoma 1,583 Pennsylvania 4,807
South Dakota 7,445 Wisconsin 821
--------------------------------------------------------------------------------
[0600059D]