USDA National Daily Direct Morning Hog Report 11/11 10:55
11/11/2025 | 10:55 am CST USDA National Daily Direct Morning Hog Report 11/11 10:55
LSDLM_HG216
Des Moines, IA Tue, Nov 11, 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 2,806 2,331 4,350 3,668
Other Market Formula 12,222 11,882 14,113 23,401
Swine/Pork Market Formula 100,648 86,683 88,820 89,958
Other Purchase Arrangement 49,096 46,465 55,087 51,212
Negotiated Formula 1,158 390
Pack. Sold (all purchase types) 15,891 15,891 23,555 27,770
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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 1,160
Lowest Base Price 75.00
Highest Base Price 83.75
Weighted Average Price 82.19
Change from Previous Day -2.10
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 1,160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 8,765 5,049 5,729 3,036
Lowest Base Price 71.80 77.08
Highest Base Price 96.75 96.75
Weighted Average Price 81.23 84.23
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 95,124 52,742 62,159 29,174
Lowest Base Price 80.43 82.88 82.88 80.43
Highest Base Price 92.70 92.20 92.20 92.70
Weighted Average Price 88.63 88.03 87.98 89.66
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 45,267 24,622 25,471 18,513
Lowest Base Price 75.95 75.95 75.95 84.74
Highest Base Price 97.64 96.70 96.70 97.64
Weighted Average Price 88.96 87.91 87.91 90.14
Change from Previous Day
Negotiated (live basis)
Head Count 1,171
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count
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
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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# -20.94 -13.00 175# -8.38 -1.35 205# .00 1.68
155# -12.56 -10.00 185# -1.50 .00 215# .00 1.68
165# -8.38 -3.37 195# .00 .00 225# -1.33 .84
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog0 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.65
Price Range $82.50 - $85.43
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,821 Iowa 56,771
Illinois 19,644 Indiana 5,616
Kansas 1,215 Kentucky 1,355
Maryland 328 Michigan 6,485
Minnesota 27,378 Missouri 1,786
North Carolina 7,674 North Dakota 188
Nebraska 7,647 Ohio 12,879
Oklahoma 1,693 Pennsylvania 3,883
South Carolina 330 South Dakota 3,072
Wisconsin 487
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