USDA National Daily Direct Morning Hog Report 11/18 10:45
11/18/2025 | 10:45 am CST USDA National Daily Direct Morning Hog Report 11/18 10:45
LSDLM_HG216
Des Moines, IA Tue, Nov 18, 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 4,979 4,479 2,331 1,733
Other Market Formula 12,832 12,492 11,882 19,779
Swine/Pork Market Formula 104,399 90,446 86,683 114,522
Other Purchase Arrangement 58,496 56,233 46,465 52,977
Negotiated Formula 655 655 1,325
Pack. Sold (all purchase types) 27,766 27,766 15,891 24,463
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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 3,231
Lowest Base Price 68.00
Highest Base Price 77.00
Weighted Average Price 75.66 75.61 75.70
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 465
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,696
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 13,372 7,145 12,280 1,092
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 105,658 62,867 72,625 29,261
Lowest Base Price 74.96 74.96 74.96 77.64
Highest Base Price 90.59 89.94 89.94 90.59
Weighted Average Price 85.38 84.62 84.62 86.79
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 54,976 34,546 35,918 18,096
Lowest Base Price 68.91 68.91 68.91 72.00
Highest Base Price 103.30 93.23 93.23 103.30
Weighted Average Price 85.23 83.93 83.92 87.60
Change from Previous Day
Negotiated (live basis)
Head Count 1,030
Lowest Base Price 52.25
Highest Base Price 59.50
Weighted Average Price 57.33
Change from Previous Day .06
Negotiated Formula (live basis)
Head Count 490
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,520
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 -13.00 175# -7.68 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.50 .00 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog5 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.42
Price Range $75.00 - $81.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,117 Iowa 72,680
Illinois 19,870 Indiana 5,734
Kansas 1,350 Kentucky 1,456
Maryland 160 Michigan 5,703
Minnesota 36,566 Missouri 2,120
Montana 219 North Carolina 7,652
Nebraska 12,393 Ohio 11,283
Oklahoma 1,692 Pennsylvania 4,075
South Carolina 150 South Dakota 4,539
Wisconsin 312
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