USDA National Daily Direct Afternoon Hog Report 12/10 14:55
12/10/2025 | 2:55 pm CST USDA National Daily Direct Afternoon Hog Report 12/10 14:55
LSDLM_HG217
Des Moines, IA Wed, Dec 10, 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 6,048 6,048 7,736 3,666
Other Market Formula 14,979 14,979 22,348 29,238
Swine/Pork Market Formula 126,416 126,416 122,608 134,989
Other Purchase Arrangement 62,329 62,329 60,066 58,871
Negotiated Formula 650 650 467 165
Pack. Sold (all purchase types) 32,194 32,194 34,775 34,655
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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 5,105
Lowest Base Price 59.00
Highest Base Price 72.00
Weighted Average Price 70.05 69.23 69.23
Change from Previous Day -1.38 -1.16 -1.16
Negotiated Formula (carcass basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 5,270
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,761 8,376 14,007 1,754
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 145,839 82,627 100,569 40,097
Lowest Base Price 70.92 70.92 70.92 72.93
Highest Base Price 90.66 88.72 88.72 90.66
Weighted Average Price 82.01 81.70 81.60 82.98
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 64,198 36,627 39,427 22,495
Lowest Base Price 65.00 75.86 75.86 65.00
Highest Base Price 104.47 91.31 91.31 104.47
Weighted Average Price 83.55 82.53 82.71 84.87
Change from Previous Day
Negotiated (live basis)
Head Count 600
Lowest Base Price 47.75
Highest Base Price 57.35
Weighted Average Price 53.42
Change from Previous Day
Negotiated Formula (live basis)
Head Count 485
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,085
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# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 4.00
165# -25.00 -3.37 195# .00 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: 53.07
Price Range $65.00 - $76.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,074 Iowa 87,202
Illinois 20,660 Indiana 15,897
Kansas 2,444 Kentucky 1,073
Michigan 7,432 Minnesota 43,490
Missouri 2,523 North Carolina 7,254
North Dakota 170 Nebraska 13,931
Ohio 16,445 Oklahoma 1,689
Pennsylvania 6,145 South Dakota 9,617
Texas 80 Wisconsin 490
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