USDA National Daily Direct Afternoon Hog Report 12/03 15:00
12/03/2025 | 3:00 pm CST USDA National Daily Direct Afternoon Hog Report 12/03 15:00
LSDLM_HG217
Des Moines, IA Wed, Dec 03, 2025
DAILY DIRECT AFTERNOON 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 7,736 7,736 4,250 5,518
Other Market Formula 22,348 22,348 17,767 23,380
Swine/Pork Market Formula 122,608 122,608 117,978 137,403
Other Purchase Arrangement 60,066 60,066 60,113 60,516
Negotiated Formula 467 467 330 486
Pack. Sold (all purchase types) 34,775 34,775 30,033 35,959
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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 9,983
Lowest Base Price 65.00
Highest Base Price 74.00
Weighted Average Price 72.09 72.88 72.88 71.49
Change from Previous Day .76 1.42 1.38 2.56
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 10,143
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 23,983 14,810 20,628 3,355
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 141,361 75,699 91,444 45,967
Lowest Base Price 71.13 71.13 71.13 72.75
Highest Base Price 88.63 86.86 86.86 88.63
Weighted Average Price 81.17 80.84 80.67 82.03
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 61,021 33,425 35,314 23,612
Lowest Base Price 69.00 69.00 69.00 72.79
Highest Base Price 97.60 90.63 90.63 97.60
Weighted Average Price 82.88 81.75 81.76 84.47
Change from Previous Day
Negotiated (live basis)
Head Count 1,003
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 307
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,310
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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# -32.00 -14.62 175# -7.35 1.00 205# .00 4.00
155# -30.00 -9.00 185# -1.00 1.50 215# .00 4.00
165# -25.00 -3.37 195# -.50 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog1 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.70
Price Range $70.00 - $78.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,803 Iowa 85,121
Illinois 23,605 Indiana 17,675
Kansas 1,038 Kentucky 845
Michigan 8,415 Minnesota 43,965
Missouri 2,505 North Carolina 7,228
North Dakota 170 Nebraska 14,411
Ohio 21,360 Oklahoma 1,772
Pennsylvania 6,283 South Dakota 8,475
Wisconsin 329
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[0600059D]