USDA National Daily Direct Morning Hog Report 12/04 11:00
12/04/2025 | 11:00 am CST USDA National Daily Direct Morning Hog Report 12/04 11:00
LSDLM_HG216
Des Moines, IA Thu, Dec 04, 2025
DAILY DIRECT MORNING 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 3,728 2,478 1,335
Other Market Formula 10,560 10,220 14,017
Swine/Pork Market Formula 96,201 81,460 85,670
Other Purchase Arrangement 61,707 57,377 53,301
Negotiated Formula 1,140 1,140 100
Pack. Sold (all purchase types) 25,500 25,500 26,335
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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 1,113
Lowest Base Price 68.00
Highest Base Price 74.00
Weighted Average Price 72.08 70.92
Change from Previous Day 3.07 .81
Negotiated Formula (carcass basis)
Head Count 650
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,763
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 11,741 5,868 10,726 1,015
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 95,519 53,801 62,788 29,395
Lowest Base Price 72.75 74.09 73.84 72.75
Highest Base Price 88.44 86.80 86.80 88.44
Weighted Average Price 81.92 81.59 81.45 82.86
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 57,017 37,840 39,315 16,087
Lowest Base Price 73.73 73.73 73.73 73.90
Highest Base Price 103.57 90.61 90.61 103.57
Weighted Average Price 82.93 81.65 81.70 85.84
Change from Previous Day
Negotiated (live basis)
Head Count 1,189
Lowest Base Price 43.75
Highest Base Price 59.80
Weighted Average Price 53.89
Change from Previous Day
Negotiated Formula (live basis)
Head Count 490
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,679
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT MORNING HOG REPORT (PDF) (LSDLM_HG216) 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# -26.00 -14.62 175# -4.00 .00 205# .00 4.00
155# -26.00 -9.00 185# -1.00 .00 215# .00 4.00
165# -26.00 -3.37 195# .00 3.00 225# -1.33 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog7 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.50
Price Range $72.00 - $76.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,749 Iowa 66,125
Idaho 150 Illinois 15,828
Indiana 5,348 Kansas 848
Kentucky 1,293 Michigan 4,816
Minnesota 33,702 Missouri 3,002
Montana 223 North Carolina 7,558
Nebraska 10,295 New York 160
Ohio 13,014 Oklahoma 1,735
Pennsylvania 4,839 South Dakota 3,840
Wisconsin 650
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