USDA National Daily Direct Afternoon Hog Report 12/23 15:00
12/23/2025 | 3:00 pm CST USDA National Daily Direct Afternoon Hog Report 12/23 15:00
LSDLM_HG217
Des Moines, IA Tue, Dec 23, 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 3,410 3,410 3,666
Other Market Formula 20,588 20,588 55,352
Swine/Pork Market Formula 117,333 117,333 122,886
Other Purchase Arrangement 62,889 62,889 61,435
Negotiated Formula 361 361 815
Pack. Sold (all purchase types) 30,376 30,376 31,288
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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 1,620
Lowest Base Price 65.00
Highest Base Price 72.50
Weighted Average Price 69.43 69.43
Change from Previous Day 2.27
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,620
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 20,930 9,707 16,077 4,853
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 134,379 75,238 90,206 39,497
Lowest Base Price 68.16 68.16 68.16 68.66
Highest Base Price 93.28 90.65 90.65 93.28
Weighted Average Price 83.24 82.32 82.29 85.19
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 64,154 36,061 38,501 22,891
Lowest Base Price 73.10 74.31 74.00 73.10
Highest Base Price 99.41 92.29 92.29 99.41
Weighted Average Price 85.14 84.49 84.43 86.09
Change from Previous Day
Negotiated (live basis)
Head Count 1,737
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 361
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,098
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# -25.00 -13.00 175# -7.25 -3.25 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .00 4.00
165# -25.00 -5.00 195# .00 3.00 225# .00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog2 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.16
Price Range $65.00 - $73.95
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,603 Colorado 159
Iowa 80,018 Illinois 16,987
Indiana 15,562 Kansas 1,347
Kentucky 860 Maryland 160
Michigan 7,519 Minnesota 44,331
Missouri 4,101 North Carolina 7,580
Nebraska 13,580 Ohio 20,403
Oklahoma 1,895 Pennsylvania 5,304
South Dakota 8,195 Wisconsin 185
West Virginia 168
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[0600059D]