USDA National Daily Direct Morning Hog Report 12/22 11:00
12/22/2025 | 11:00 am CST USDA National Daily Direct Morning Hog Report 12/22 11:00
LSDLM_HG216
Des Moines, IA Mon, Dec 22, 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 3,595 2,345 2,065 282
Other Market Formula 30,527 29,187 27,801 35,380
Swine/Pork Market Formula 154,590 143,921 135,688 114,227
Other Purchase Arrangement 152,218 149,225 189,860 162,245
Negotiated Formula 166 166 1,295 504
Pack. Sold (all purchase types) 34,512 34,512 39,374 40,636
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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 191
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 191
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 31,636 22,031 29,489 2,147
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 156,376 96,308 111,401 38,516
Lowest Base Price 68.38 68.38 68.38 69.68
Highest Base Price 91.78 91.78 91.78 91.78
Weighted Average Price 84.44 83.99 83.77 86.34
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 150,769 120,881 124,332 25,297
Lowest Base Price 69.63 74.10 69.63 80.86
Highest Base Price 104.47 93.12 93.12 104.47
Weighted Average Price 82.14 80.67 80.77 88.59
Change from Previous Day
Negotiated (live basis)
Head Count 1,758
Lowest Base Price 42.75
Highest Base Price 55.00
Weighted Average Price 50.87 51.28
Change from Previous Day -1.16
Negotiated Formula (live basis)
Head Count 166
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,924
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# 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
Canada 5,083 Iowa 182,057
Illinois 22,433 Indiana 10,846
Kansas 1,910 Kentucky 2,370
Michigan 6,655 Minnesota 60,067
Missouri 4,728 Montana 678
North Carolina 10,287 North Dakota 170
Nebraska 14,522 Ohio 18,805
Oklahoma 3,269 Pennsylvania 7,487
South Dakota 7,654 Wisconsin 335
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