USDA National Daily Direct Morning Hog Report 12/26 10:45
12/26/2025 | 10:45 am CST USDA National Daily Direct Morning Hog Report 12/26 10:45
LSDLM_HG216
Des Moines, IA Fri, Dec 26, 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 1,250 2,558 1,500
Other Market Formula 15,761 14,421 10,056 22,512
Swine/Pork Market Formula 81,353 64,950 85,469 105,837
Other Purchase Arrangement 55,675 52,662 46,103 46,739
Negotiated Formula 495
Pack. Sold (all purchase types) 19,186 19,186 25,428 31,624
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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
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
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,916 11,766 13,641 1,275
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 80,331 46,240 54,752 25,579
Lowest Base Price 69.38 69.38 69.38 70.68
Highest Base Price 90.89 88.55 88.55 90.89
Weighted Average Price 80.76 79.88 79.72 83.01
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 53,060 38,929 40,149 12,256
Lowest Base Price 75.46 75.46 75.46 77.69
Highest Base Price 99.47 94.72 94.72 99.47
Weighted Average Price 83.25 82.51 82.59 85.22
Change from Previous Day
Negotiated (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count
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 655 Iowa 64,394
Illinois 12,611 Indiana 6,964
Kansas 2,447 Kentucky 520
Michigan 2,030 Minnesota 32,861
Missouri 2,280 North Carolina 7,496
Nebraska 7,172 Ohio 7,479
Pennsylvania 1,187 South Dakota 2,300
Wisconsin 655 West Virginia 168
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