USDA National Daily Direct Afternoon Hog Report 12/11 14:40
12/11/2025 | 2:40 pm CST USDA National Daily Direct Afternoon Hog Report 12/11 14:40
LSDLM_HG217
Des Moines, IA Thu, Dec 11, 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 5,728 5,728 2,994 2,991
Other Market Formula 24,843 24,843 13,538 23,644
Swine/Pork Market Formula 125,241 125,241 112,006 128,560
Other Purchase Arrangement 77,563 77,563 66,422 62,556
Negotiated Formula 970 970 1,140 845
Pack. Sold (all purchase types) 32,853 32,853 31,110 31,585
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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 3,988
Lowest Base Price 60.00
Highest Base Price 74.00
Weighted Average Price 71.69 71.53 71.16
Change from Previous Day 1.64 2.30 1.93
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 4,638
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 26,436 16,631 23,381 3,055
Lowest Base Price 73.50 74.25 73.50 76.76
Highest Base Price 99.50 99.50 99.50 88.65
Weighted Average Price 85.57 88.49 86.28 80.16
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 144,309 78,583 95,077 44,576
Lowest Base Price 70.05 70.05 70.05 71.05
Highest Base Price 91.44 89.49 89.49 91.44
Weighted Average Price 82.32 81.77 81.71 83.58
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 77,138 45,800 48,922 25,790
Lowest Base Price 72.98 74.97 74.97 72.98
Highest Base Price 99.07 91.41 94.30 99.07
Weighted Average Price 83.38 82.31 82.63 84.60
Change from Previous Day
Negotiated (live basis)
Head Count 1,234
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,554
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# -7.15 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.00 1.50 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 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 $67.00 - $76.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,545 Iowa 91,934
Idaho 250 Illinois 17,947
Indiana 19,145 Kansas 1,534
Kentucky 1,251 Michigan 8,375
Minnesota 53,473 Missouri 4,103
Montana 215 North Carolina 7,260
North Dakota 510 Nebraska 14,618
Ohio 22,382 Oklahoma 1,804
Pennsylvania 6,442 South Dakota 8,830
Texas 100 Wisconsin 480
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