# USDA Hog Report November 5, 2026: Mixed Purchase Volumes, Negotiated Prices Down $3.50

> The USDA Daily Direct Prior Day Hog Report for November 5, 2026 showed producer-sold negotiated hog volume of 5,368 head, down from 7,583 the prior day. Other market formula purchases rose to 25,719 head, while swine or pork market formula volume was 126,240 head. The report also showed negotiated prices lower, with the headline noting a $3.50 drop.

- Date: 2026-11-05 · published 2026-11-05T15:07:19.770Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/81903-usda-hog-report-november-5-2026-mixed-purchase-volumes-negotiated-prices-down-3
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower negotiated hog prices reduce the value of finished hogs and signal softer packer demand for pork. For feed buyers, weaker hog margins can slow herd expansion and reduce demand for feed grains and meals over time.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2026-10-15 | [USDA Hog Report October 15, 2026: Mixed Pricing, Heavy Delivery Schedule - News and Statistics](https://feedsoft.ai/events/600-usda-hog-report-october-15-2026-mixed-pricing-heavy-delivery-schedule-news-and.md) | -2.4% | — |
| HOGS | 2016-12-28 | [Hog prices fall on USDA report of unexpectedly large hog herd - AgCanada](https://feedsoft.ai/events/73604-hog-prices-fall-on-usda-report-of-unexpectedly-large-hog-herd-agcanada.md) | +0.2% | +8.4% |
| HOGS | 2019-12-17 | [USDA projects lower hog prices, adjusts meat production for 2020 - Brownfield Ag News](https://feedsoft.ai/events/55722-usda-projects-lower-hog-prices-adjusts-meat-production-for-2020-brownfield-ag.md) | +0.5% | -1.2% |
| HOGS | 2026-01-20 | [USDA sees 2026 pork production rising to 28.2 billion pounds as hog prices slip \| Feed & Grain](https://feedsoft.ai/events/21199-usda-sees-2026-pork-production-rising-to-28-2-billion-pounds-as-hog-prices-slip.md) | +1.2% | +2.0% |
| HOGS | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +7.1% | +8.7% |

## Sources

- indexbox.io: https://www.indexbox.io/blog/usda-daily-direct-prior-day-hog-report-mixed-purchase-volumes-and-lower-negotiated-prices-for-november-5-2026/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.