USDA National Daily Direct Afternoon Hog Report 12/15 14:45
12/15/2025 | 2:45 pm CST USDA National Daily Direct Afternoon Hog Report 12/15 14:45
LSDLM_HG217
Des Moines, IA Mon, Dec 15, 2025
DAILY DIRECT AFTERNOON 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 3,090 3,090 2,647 2,512
Other Market Formula 35,753 35,753 28,278 31,201
Swine/Pork Market Formula 180,313 180,313 190,868 161,344
Other Purchase Arrangement 210,521 210,521 212,449 182,408
Negotiated Formula 1,455 1,455 2,218 1,101
Pack. Sold (all purchase types) 50,457 50,457 48,895 53,512
--------------------------------------------------------------------------------
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 2,174
Lowest Base Price 70.00
Highest Base Price 74.00
Weighted Average Price 72.68 71.68 71.89
Change from Previous Day 1.40 .31 .52
Negotiated Formula (carcass basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,494
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 38,990 15,508 27,912 11,078
Lowest Base Price 73.00 77.61
Highest Base Price 100.00 100.00
Weighted Average Price 81.73 85.17
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 211,186 122,583 145,858 60,749
Lowest Base Price 71.37 72.01 71.37 74.05
Highest Base Price 94.46 90.35 90.35 94.46
Weighted Average Price 83.71 83.36 83.16 85.01
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 210,756 174,621 179,196 29,514
Lowest Base Price 74.08 75.42 75.42 74.08
Highest Base Price 104.47 93.14 93.14 104.47
Weighted Average Price 80.41 79.19 79.36 86.35
Change from Previous Day
Negotiated (live basis)
Head Count 622
Lowest Base Price 45.00
Highest Base Price 56.85
Weighted Average Price 52.46
Change from Previous Day -.73
Negotiated Formula (live basis)
Head Count 1,135
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,757
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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# -25.00 -17.88 175# -7.23 .00 205# .00 4.00
155# -25.00 -10.00 185# .00 .00 215# .00 4.00
165# -25.00 -5.00 195# .00 3.00 225# .00 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.77
Price Range $72.93 - $75.50
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,813 Iowa 240,436
Idaho 150 Illinois 25,797
Indiana 29,143 Kansas 2,312
Kentucky 1,815 Michigan 10,461
Minnesota 75,188 Missouri 5,867
Montana 675 North Carolina 11,033
Nebraska 24,671 Ohio 25,789
Oklahoma 1,719 Pennsylvania 6,615
South Dakota 12,935 Wisconsin 170
--------------------------------------------------------------------------------
[0600059D]