USDA National Daily Direct Morning Hog Report 11/12 10:50
11/12/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/12 10:50
LSDLM_HG216
Des Moines, IA Wed, Nov 12, 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 2,937 2,437 2,794 4,639
Other Market Formula 15,153 14,813 14,645 30,150
Swine/Pork Market Formula 109,180 96,231 96,303 97,556
Other Purchase Arrangement 55,871 53,608 53,404 51,352
Negotiated Formula 785 785 165 1,171
Pack. Sold (all purchase types) 28,035 28,035 29,269 27,170
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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 715
Lowest Base Price 77.00
Highest Base Price 83.00
Weighted Average Price 81.57 81.57
Change from Previous Day -.62
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 715
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,696 8,356 12,597 2,099
Lowest Base Price 70.77 76.64
Highest Base Price 93.64 84.03
Weighted Average Price 79.79 79.97
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 114,470 65,231 75,359 35,635
Lowest Base Price 80.77 80.77 80.77 81.22
Highest Base Price 93.71 92.05 92.05 93.71
Weighted Average Price 87.36 86.96 86.92 87.99
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 53,891 33,882 34,863 17,558
Lowest Base Price 76.57 76.57 76.57 78.81
Highest Base Price 102.93 96.40 96.40 102.93
Weighted Average Price 87.98 87.15 87.23 89.35
Change from Previous Day
Negotiated (live basis)
Head Count 1,458
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 785
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,243
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# -8.30 -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 Hog6 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.67
Price Range $84.50 - $87.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,326 Iowa 72,116
Illinois 17,533 Indiana 11,245
Kansas 1,128 Kentucky 522
Michigan 6,105 Minnesota 36,368
Missouri 2,940 North Carolina 7,452
North Dakota 329 Nebraska 11,163
Ohio 14,414 Oklahoma 1,706
Pennsylvania 5,011 South Carolina 165
South Dakota 3,051 Wisconsin 335
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