USDA National Daily Direct Morning Hog Report 11/14 10:50
11/14/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/14 10:50
LSDLM_HG216
Des Moines, IA Fri, Nov 14, 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 2,705 1,455 1,916 989
Other Market Formula 15,564 15,224 15,816 16,519
Swine/Pork Market Formula 107,338 90,445 98,069 93,000
Other Purchase Arrangement 58,122 53,982 53,577 49,949
Negotiated Formula 477 477 904 328
Pack. Sold (all purchase types) 25,720 25,720 27,612 25,885
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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 738
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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 738
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,716 6,724 12,109 4,607
Lowest Base Price 70.00 72.74
Highest Base Price 96.02 95.72
Weighted Average Price 77.46 78.10
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 104,836 60,241 69,978 30,868
Lowest Base Price 77.48 77.48 77.48 79.36
Highest Base Price 91.01 90.91 90.91 90.91
Weighted Average Price 85.28 84.82 84.63 86.18
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,516 31,146 33,416 17,339
Lowest Base Price 71.00 72.26 72.26 71.00
Highest Base Price 97.67 93.72 93.72 97.67
Weighted Average Price 85.34 84.17 84.46 86.74
Change from Previous Day
Negotiated (live basis)
Head Count 566
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 477
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,043
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,225 Colorado 241
Iowa 62,585 Illinois 16,653
Indiana 6,563 Kansas 1,360
Kentucky 2,535 Michigan 5,640
Minnesota 37,167 Missouri 2,725
Montana 220 North Carolina 7,319
North Dakota 170 Nebraska 13,681
Ohio 14,768 Oklahoma 1,740
Pennsylvania 4,333 South Dakota 2,186
Tennessee 1,485 Wisconsin 707
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