USDA National Daily Direct Morning Hog Report 11/28 10:50
11/28/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 11/28 10:50
LSDLM_HG216
Des Moines, IA Fri, Nov 28, 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 1,988 738 2,052 1,174
Other Market Formula 17,323 16,983 13,204 33,509
Swine/Pork Market Formula 92,780 75,143 85,569 90,443
Other Purchase Arrangement 61,947 55,777 50,154 47,336
Negotiated Formula 960 960 582 495
Pack. Sold (all purchase types) 26,147 26,147 25,499 26,438
--------------------------------------------------------------------------------
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 738
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 903
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,198 10,103 15,663 1,535
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 90,831 53,436 62,641 26,165
Lowest Base Price 69.85 69.85 69.85 73.48
Highest Base Price 88.59 86.71 86.71 88.59
Weighted Average Price 81.21 80.76 80.73 82.21
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 58,640 45,471 47,111 10,242
Lowest Base Price 73.66 73.66 73.66 74.87
Highest Base Price 97.88 89.23 89.23 97.88
Weighted Average Price 82.31 81.59 81.65 85.03
Change from Previous Day
Negotiated (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 795
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 795
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 1,762 Iowa 71,586
Illinois 17,742 Indiana 6,236
Kansas 927 Kentucky 1,378
Michigan 985 Minnesota 38,454
Missouri 1,123 Montana 445
North Carolina 8,039 Nebraska 9,438
Ohio 8,889 Oklahoma 1,860
Pennsylvania 1,180 South Dakota 5,044
Wisconsin 495 Wyoming 165
--------------------------------------------------------------------------------
[0600059D]