USDA National Daily Direct Morning Hog Report 11/21 10:50
11/21/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/21 10:50
LSDLM_HG216
Des Moines, IA Fri, Nov 21, 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 3,382 2,052 1,455 1,161
Other Market Formula 13,544 13,204 15,224 19,800
Swine/Pork Market Formula 101,082 85,569 90,445 101,965
Other Purchase Arrangement 52,462 50,154 53,982 49,122
Negotiated Formula 582 582 477 510
Pack. Sold (all purchase types) 25,499 25,499 25,720 23,507
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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 844
Lowest Base Price 69.00
Highest Base Price 73.00
Weighted Average Price 70.31
Change from Previous Day -1.93
Negotiated Formula (carcass basis)
Head Count 55
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 899
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,686 7,580 13,681 1,005
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 100,721 54,924 63,155 33,788
Lowest Base Price 71.87 73.13 71.87 73.33
Highest Base Price 88.92 88.27 88.27 88.92
Weighted Average Price 81.52 80.89 80.74 82.37
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 49,538 28,315 31,243 16,363
Lowest Base Price 69.00 69.00 69.00 75.89
Highest Base Price 98.34 89.83 89.83 98.34
Weighted Average Price 82.88 82.05 82.10 84.28
Change from Previous Day
Negotiated (live basis)
Head Count 1,200
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 527
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,727
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# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .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 Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.15
Price Range $75.00 - $76.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,577 Colorado 318
Iowa 62,565 Illinois 16,688
Indiana 8,440 Kansas 1,343
Kentucky 534 Michigan 6,220
Minnesota 29,504 Missouri 3,182
Montana 449 North Carolina 8,194
North Dakota 170 Nebraska 12,080
Ohio 13,456 Oklahoma 1,693
Pennsylvania 3,947 South Dakota 3,212
Wisconsin 488
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