USDA National Daily Direct Hog Prior Day Report 12/22 10:45
12/22/2025 | 10:45 am CST USDA National Daily Direct Hog Prior Day Report 12/22 10:45
LM_HG218
Des Moines, IA Mon, Dec 22, 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
--------------------------
Producer Sold
Negotiated 2,121 2,809 1,236
Other Market Formula 30,408 42,909 36,168
Swine/Pork Market Formula 201,836 192,036 164,365
Other Purchase Arrangement 159,592 210,517 164,034
Negotiated Formula 813 1,275 674
Pack. Sold (all purchase types) 53,786 61,154 41,998
================================================================================
Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
------------------------------------------------------------------
Barrows & Gilts (carcass basis):
Producer Sold
Head Count 968 27,943 193,934 155,975 480 379,300
Base Price 67.45 83.43 81.54 82.34
Packer Sold
Head Count 53,734
Base Price 83.39
================================================================================
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 968
Lowest Base Price 57.00
Highest Base Price 70.00
Weighted Average Price 67.45 67.38 67.38
Negotiated Formula (carcass basis)
Head Count 480
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,448
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 35,073 23,554 32,422 2,651
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 232,575 146,254 171,500 53,508
Lowest Base Price 68.38 68.38 68.38 70.10
Highest Base Price 91.78 91.78 91.78 91.78
Weighted Average Price 83.42 82.96 82.86 85.15
Other Purchase Arrangement (carcass basis)
Head Count 163,938 138,426 142,367 19,937
Lowest Base Price 69.63 74.10 69.63 73.10
Highest Base Price 104.47 95.87 95.87 104.47
Weighted Average Price 81.57 80.71 80.81 86.47
Negotiated (live basis)
Head Count 922
Lowest Base Price 46.75
Highest Base Price 55.25
Weighted Average Price 51.86 52.76
Negotiated Formula (live basis)
Head Count 333
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,255
Lowest Base Price
Highest Base Price
Weighted Average Price
================================================================================
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)
================================================================================
CARCASS WEIGHT DIFFERENTIALS
145# -25.00 -14.62 175# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
================================================================================
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog219.48 lb carcass .69 inch back-fat
7.88 square inch loin 2.62 inch loin depth FFLI: 52.65
Price Range $64.00 - $73.50
================================================================================
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
-------------------------------------------
Canada 6,942 Iowa 236,406
Idaho 299 Illinois 24,862
Indiana 19,916 Kansas 2,775
Kentucky 3,000 Michigan 7,157
Minnesota 73,936 Missouri 5,223
North Carolina 10,000 North Dakota 170
Nebraska 21,108 Ohio 16,355
Oklahoma 3,273 Pennsylvania 4,686
South Dakota 11,953 Wisconsin 495
================================================================================
[0600059D]