USDA National Daily Direct Afternoon Hog Report 12/24 14:45
12/24/2025 | 2:45 pm CST USDA National Daily Direct Afternoon Hog Report 12/24 14:45
LSDLM_HG217
Des Moines, IA Wed, Dec 24, 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 3,150 3,150 6,052
Other Market Formula 19,809 19,809 23,942
Swine/Pork Market Formula 66,088 66,088 122,771
Other Purchase Arrangement 41,898 41,898 76,418
Negotiated Formula 650
Pack. Sold (all purchase types) 17,683 17,683 33,546
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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 1,217
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,217
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 22,568 12,644 19,479 2,803
Lowest Base Price 74.87 74.87 74.87 78.66
Highest Base Price 88.58 88.58 88.58 86.60
Weighted Average Price 85.39 86.82 85.91 82.27
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 73,005 40,689 48,399 19,035
Lowest Base Price 68.60 69.60 69.60 68.60
Highest Base Price 92.01 88.95 88.95 92.01
Weighted Average Price 82.98 82.41 82.28 84.32
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 43,322 22,622 25,432 15,947
Lowest Base Price 71.68 75.46 71.68 75.30
Highest Base Price 105.00 92.20 96.39 105.00
Weighted Average Price 85.51 84.15 84.65 86.87
Change from Previous Day
Negotiated (live basis)
Head Count 1,933
Lowest Base Price 40.75
Highest Base Price 55.80
Weighted Average Price 50.87
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 1,933
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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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
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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
Arkansas 301 Canada 6,681
Iowa 44,675 Illinois 4,652
Indiana 10,087 Kansas 618
Kentucky 373 Michigan 10,115
Minnesota 33,430 Missouri 1,336
North Dakota 345 Nebraska 10,304
Ohio 13,513 Oklahoma 1,878
Pennsylvania 4,459 South Dakota 5,861
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