USDA National Daily Direct Morning Hog Report 11/26 10:55
11/26/2025 | 10:55 am CST USDA National Daily Direct Morning Hog Report 11/26 10:55
LSDLM_HG216
Des Moines, IA Wed, Nov 26, 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 3,518 2,268 1,576 2,526
Other Market Formula 15,411 15,397 13,294 49,032
Swine/Pork Market Formula 96,103 82,085 83,665 88,356
Other Purchase Arrangement 58,549 51,794 51,192 49,440
Negotiated Formula 330 330 655 165
Pack. Sold (all purchase types) 22,993 22,993 26,557 25,032
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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 200
Lowest Base Price
Highest Base Price
Weighted Average Price
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 665
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,990 9,893 14,304 1,686
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 94,703 51,866 60,325 30,246
Lowest Base Price 73.23 73.23 73.23 73.99
Highest Base Price 87.68 85.81 85.81 87.68
Weighted Average Price 81.84 81.25 81.15 82.82
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 50,939 30,949 32,899 16,268
Lowest Base Price 75.80 75.80 75.80 76.25
Highest Base Price 103.30 89.36 89.36 103.30
Weighted Average Price 83.32 81.67 81.83 86.20
Change from Previous Day
Negotiated (live basis)
Head Count 1,780
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,945
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 5,110 Iowa 62,122
Illinois 17,081 Indiana 6,910
Kansas 854 Kentucky 752
Maryland 170 Michigan 4,560
Minnesota 32,329 Missouri 2,626
North Carolina 7,884 North Dakota 458
Nebraska 9,718 Ohio 12,176
Oklahoma 1,882 Pennsylvania 5,516
South Dakota 4,304 Wisconsin 415
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