USDA National Daily Direct Morning Hog Report 12/18 10:55
12/18/2025 | 10:55 am CST USDA National Daily Direct Morning Hog Report 12/18 10:55
LSDLM_HG216
Des Moines, IA Thu, Dec 18, 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 4,710 3,460 5,137 794
Other Market Formula 17,393 17,053 14,373 19,405
Swine/Pork Market Formula 91,619 79,321 79,929 81,896
Other Purchase Arrangement 53,570 51,215 58,172 48,417
Negotiated Formula 660 660 970 510
Pack. Sold (all purchase types) 24,333 24,333 25,569 27,212
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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 1,670
Lowest Base Price 65.00
Highest Base Price 70.00
Weighted Average Price 68.27 68.35 68.19
Change from Previous Day -1.90 -1.07 -1.23
Negotiated Formula (carcass basis)
Head Count 490
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,664 9,902 14,059 2,605
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 93,674 48,396 59,568 29,565
Lowest Base Price 70.71 70.91 70.91 70.71
Highest Base Price 92.63 90.77 90.77 92.63
Weighted Average Price 83.97 83.44 83.13 85.84
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 50,688 31,123 32,593 16,796
Lowest Base Price 64.00 64.00 64.00 80.31
Highest Base Price 104.47 94.30 94.30 104.47
Weighted Average Price 85.74 84.49 84.42 88.21
Change from Previous Day
Negotiated (live basis)
Head Count 1,146
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 170
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,316
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# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -26.00 .00 195# .00 3.00 225# -30.00 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.65
Price Range $65.00 - $74.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,587 Iowa 60,336
Illinois 15,652 Indiana 5,920
Kansas 853 Kentucky 954
Michigan 6,365 Minnesota 32,786
Missouri 3,992 Montana 224
North Carolina 7,671 Nebraska 10,140
New York 160 Ohio 14,046
Oklahoma 1,858 Pennsylvania 4,897
South Dakota 4,601
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