USDA National Daily Direct Morning Hog Report 11/24 10:50
11/24/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/24 10:50
LSDLM_HG216
Des Moines, IA Mon, Nov 24, 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 1,907 657 941 881
Other Market Formula 27,314 26,974 28,516 42,515
Swine/Pork Market Formula 124,460 112,138 179,235 110,465
Other Purchase Arrangement 153,362 151,022 183,650 151,757
Negotiated Formula 495 495 489 1,160
Pack. Sold (all purchase types) 36,041 36,041 44,652 46,350
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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
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 495
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 28,043 21,733 26,387 1,656
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 130,299 75,117 88,741 37,448
Lowest Base Price 71.02 71.02 71.02 73.36
Highest Base Price 88.36 87.71 87.71 88.36
Weighted Average Price 81.84 80.98 80.92 83.53
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 152,888 125,864 128,774 23,639
Lowest Base Price 68.00 68.00 68.00 74.74
Highest Base Price 103.30 89.16 89.16 103.30
Weighted Average Price 80.94 80.12 80.21 84.82
Change from Previous Day
Negotiated (live basis)
Head Count 657
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 657
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 3,321 Iowa 176,394
Illinois 19,586 Indiana 9,497
Kansas 2,209 Kentucky 1,632
Michigan 6,435 Minnesota 47,090
Missouri 5,005 Montana 678
North Carolina 7,677 Nebraska 13,915
Ohio 18,956 Oklahoma 1,743
Pennsylvania 7,024 South Dakota 5,512
Wisconsin 653
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