USDA National Daily Direct Afternoon Hog Report 12/18 14:50
12/18/2025 | 2:50 pm CST USDA National Daily Direct Afternoon Hog Report 12/18 14:50
LSDLM_HG217
Des Moines, IA Thu, Dec 18, 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 4,260 4,260 5,728 3,429
Other Market Formula 25,857 25,857 24,843 21,533
Swine/Pork Market Formula 124,570 124,570 125,241 124,177
Other Purchase Arrangement 67,574 67,574 77,563 56,074
Negotiated Formula 660 660 970 510
Pack. Sold (all purchase types) 35,275 35,275 32,853 30,752
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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 2,155
Lowest Base Price 65.00
Highest Base Price 71.00
Weighted Average Price 68.65 68.76 68.62
Change from Previous Day -1.06 -.15 -.29
Negotiated Formula (carcass basis)
Head Count 490
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,645
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 28,574 16,552 24,299 4,275
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 146,077 77,455 96,841 44,056
Lowest Base Price 69.71 69.71 69.71 69.71
Highest Base Price 92.63 90.77 90.77 92.63
Weighted Average Price 83.32 82.78 82.67 84.71
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 66,875 40,640 42,960 21,807
Lowest Base Price 64.00 64.00 64.00 73.10
Highest Base Price 104.47 94.30 96.78 104.47
Weighted Average Price 85.24 84.01 84.22 87.10
Change from Previous Day
Negotiated (live basis)
Head Count 1,312
Lowest Base Price 42.50
Highest Base Price 56.05
Weighted Average Price 51.73 48.52
Change from Previous Day -3.47 -5.05
Negotiated Formula (live basis)
Head Count 170
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,482
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# -7.10 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -26.00 .00 195# .00 3.00 225# -30.00 3.50
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.65
Price Range $65.00 - $74.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Arkansas 1 Canada 7,035
Iowa 95,068 Illinois 17,969
Indiana 14,440 Kansas 1,873
Kentucky 1,029 Michigan 9,700
Minnesota 44,111 Missouri 4,327
Montana 224 North Carolina 7,671
Nebraska 17,517 New York 160
Ohio 20,127 Oklahoma 1,861
Pennsylvania 6,258 South Dakota 8,537
Texas 3 Wisconsin 285
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