USDA National Daily Direct Hog Prior Day Report 12/04 08:20
12/04/2025 | 8:20 am CST USDA National Daily Direct Hog Prior Day Report 12/04 08:20
LM_HG218
Des Moines, IA Thu, Dec 04, 2025
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 8,358 5,841
Other Market Formula 17,263 19,806
Swine/Pork Market Formula 123,172 129,179
Other Purchase Arrangement 64,259 59,817
Negotiated Formula 1,482 260
Pack. Sold (all purchase types) 35,745 35,030
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 6,883 14,479 118,124 60,671 820 200,977
Base Price 71.44 81.11 82.47 80.92
Packer Sold
Head Count 35,680
Base Price 80.30
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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 10,183
Lowest Base Price 65.00
Highest Base Price 74.00
Weighted Average Price 72.11 72.88 72.88 71.49
Negotiated Formula (carcass basis)
Head Count 820
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 11,003
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 19,504 10,529 17,036 2,468
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 142,425 80,982 97,524 40,941
Lowest Base Price 72.46 72.46 72.46 72.75
Highest Base Price 87.15 86.86 86.86 87.15
Weighted Average Price 81.13 80.89 80.80 81.78
Other Purchase Arrangement (carcass basis)
Head Count 63,889 42,820 45,035 16,759
Lowest Base Price 72.80 73.73 73.73 72.80
Highest Base Price 103.57 90.61 90.61 103.57
Weighted Average Price 82.34 81.42 81.48 84.47
Negotiated (live basis)
Head Count 1,184
Lowest Base Price 43.75
Highest Base Price 59.80
Weighted Average Price 54.02 55.34
Negotiated Formula (live basis)
Head Count 662
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,846
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -32.00 -14.62 175# -7.35 1.00 205# .00 4.00
155# -30.00 -9.00 185# -1.00 1.50 215# .00 4.00
165# -25.00 -3.37 195# -.50 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog219.77 lb carcass .66 inch back-fat
8.61 square inch loin 2.86 inch loin depth FFLI: 53.50
Price Range $70.00 - $77.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 5,115 Iowa 94,148
Illinois 21,525 Indiana 13,826
Kansas 1,030 Kentucky 1,601
Michigan 7,187 Minnesota 46,709
Missouri 3,762 North Carolina 7,558
Nebraska 15,425 New York 160
Ohio 16,381 Oklahoma 1,800
Pennsylvania 4,895 South Dakota 8,541
Wisconsin 780
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