USDA National Daily Direct Afternoon Hog Report 12/04 15:05
12/04/2025 | 3:05 pm CST USDA National Daily Direct Afternoon Hog Report 12/04 15:05
LSDLM_HG217
Des Moines, IA Thu, Dec 04, 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 2,994 2,994 2,361
Other Market Formula 13,538 13,538 14,769
Swine/Pork Market Formula 112,006 112,006 118,815
Other Purchase Arrangement 66,422 66,422 60,221
Negotiated Formula 1,140 1,140 100
Pack. Sold (all purchase types) 31,110 31,110 27,987
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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 3,640
Lowest Base Price 68.00
Highest Base Price 74.00
Weighted Average Price 72.65 70.92 72.67
Change from Previous Day .56 -1.96 1.18
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 4,290
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,918 7,189 13,757 2,161
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 127,840 70,186 84,721 39,145
Lowest Base Price 72.09 72.09 72.09 72.75
Highest Base Price 88.44 86.80 86.80 88.44
Weighted Average Price 81.78 81.37 81.29 82.77
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 65,622 41,570 43,525 19,837
Lowest Base Price 73.10 73.73 73.73 73.10
Highest Base Price 103.57 92.98 92.98 103.57
Weighted Average Price 82.65 81.75 81.80 84.36
Change from Previous Day
Negotiated (live basis)
Head Count 1,352
Lowest Base Price 43.75
Highest Base Price 59.80
Weighted Average Price 54.25
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 1,842
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# -4.00 .00 205# .00 4.00
155# -26.00 -5.00 185# -1.00 .00 215# -8.00 4.00
165# -26.00 .00 195# -.50 3.00 225# -30.00 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 $71.45 - $76.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,032 Iowa 81,455
Idaho 250 Illinois 20,454
Indiana 8,769 Kansas 1,183
Kentucky 1,381 Michigan 7,082
Minnesota 40,193 Missouri 3,499
Montana 223 North Carolina 7,558
Nebraska 13,134 New York 160
Ohio 20,580 Oklahoma 1,735
Pennsylvania 4,839 South Dakota 8,033
Wisconsin 650
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