USDA National Daily Direct Morning Hog Report 11/20 10:45
11/20/2025 | 10:45 am CST USDA National Daily Direct Morning Hog Report 11/20 10:45
LSDLM_HG216
Des Moines, IA Thu, Nov 20, 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 3,789 2,609 1,476 288
Other Market Formula 12,691 12,351 18,134 23,180
Swine/Pork Market Formula 102,302 86,207 86,471 92,576
Other Purchase Arrangement 53,414 49,702 51,496 47,954
Negotiated Formula 825 825 1,254 100
Pack. Sold (all purchase types) 18,858 18,858 25,487 21,233
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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 390
Lowest Base Price 70.00
Highest Base Price 75.00
Weighted Average Price 72.24 73.80 73.80
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 885
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 9,889 7,122 8,459 1,430
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,010 57,171 65,157 30,204
Lowest Base Price 75.57 76.44 75.57 76.11
Highest Base Price 89.32 88.67 88.67 89.32
Weighted Average Price 83.55 83.02 82.95 84.36
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 47,731 28,160 29,985 15,977
Lowest Base Price 72.04 72.04 72.04 77.80
Highest Base Price 98.15 91.94 91.94 98.15
Weighted Average Price 84.39 82.81 82.94 86.87
Change from Previous Day
Negotiated (live basis)
Head Count 2,059
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 330
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,389
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# -30.00 -14.62 175# -4.00 1.00 205# .00 4.00
155# -30.00 -9.00 185# .00 1.50 215# .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 Hog2 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.13
Price Range $76.00 - $79.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,857 Iowa 61,382
Idaho 150 Illinois 17,250
Indiana 6,351 Kansas 1,029
Kentucky 1,421 Michigan 5,675
Minnesota 34,249 Missouri 3,730
Montana 221 North Carolina 7,301
Nebraska 6,034 Ohio 11,183
Oklahoma 1,575 Pennsylvania 4,182
South Dakota 3,138 Wisconsin 824
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