USDA National Daily Direct Morning Hog Report 11/19 10:45
11/19/2025 | 10:45 am CST USDA National Daily Direct Morning Hog Report 11/19 10:45
LSDLM_HG216
Des Moines, IA Wed, Nov 19, 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 2,826 1,576 2,437 2,385
Other Market Formula 13,639 13,294 14,813 20,683
Swine/Pork Market Formula 96,853 83,665 96,231 92,982
Other Purchase Arrangement 53,460 51,192 53,608 47,034
Negotiated Formula 655 655 785
Pack. Sold (all purchase types) 26,557 26,557 28,035 30,935
--------------------------------------------------------------------------------
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 88
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 495
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 583
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,007 7,390 13,657 2,350
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 97,278 54,084 61,250 31,907
Lowest Base Price 74.71 74.71 74.71 77.06
Highest Base Price 90.70 89.29 89.29 90.70
Weighted Average Price 84.72 84.00 83.98 85.71
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 51,095 32,948 34,114 15,681
Lowest Base Price 72.00 72.00 72.00 76.50
Highest Base Price 97.33 93.07 93.07 97.33
Weighted Average Price 84.96 83.49 83.62 87.66
Change from Previous Day
Negotiated (live basis)
Head Count 932
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,092
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# 175# 205#
155# 185# 215#
165# 195# 225#
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,164 Iowa 62,775
Illinois 18,692 Indiana 6,772
Kansas 860 Kentucky 646
Michigan 4,565 Minnesota 33,455
Missouri 1,990 North Carolina 7,202
North Dakota 170 Nebraska 11,076
Ohio 15,176 Oklahoma 1,711
Pennsylvania 3,828 South Dakota 3,265
Wisconsin 592
--------------------------------------------------------------------------------
[0600059D]