USDA National Daily Direct Hog Prior Day Report 12/02 07:50
12/02/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 12/02 07:50
LM_HG218
Des Moines, IA Tue, Dec 02, 2025
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 2,590 3,293 3,140
Other Market Formula 18,325 16,229 147,057
Swine/Pork Market Formula 122,281 124,419 124,339
Other Purchase Arrangement 65,526 71,435 54,122
Negotiated Formula 815 327 335
Pack. Sold (all purchase types) 31,805 34,529 40,063
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 1,766 15,767 117,380 61,453 320 196,686
Base Price 71.75 81.13 82.65 81.25
Packer Sold
Head Count 31,647
Base Price 81.17
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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 1,766
Lowest Base Price 65.00
Highest Base Price 75.50
Weighted Average Price 71.75 74.10
Negotiated Formula (carcass basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,086
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 20,407 11,348 17,495 2,912
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 140,390 78,689 96,957 39,661
Lowest Base Price 71.31 72.68 72.68 71.31
Highest Base Price 87.21 87.21 87.21 85.74
Weighted Average Price 81.18 80.94 80.83 81.84
Other Purchase Arrangement (carcass basis)
Head Count 65,450 43,568 45,719 18,277
Lowest Base Price 73.10 73.40 73.40 73.10
Highest Base Price 98.09 90.53 90.53 98.09
Weighted Average Price 82.55 81.88 81.93 83.96
Negotiated (live basis)
Head Count 591
Lowest Base Price 49.25
Highest Base Price 57.50
Weighted Average Price 56.14
Negotiated Formula (live basis)
Head Count 495
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,086
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -14.62 175# -7.55 1.00 205# .00 3.00
155# -30.00 -11.33 185# .00 1.50 215# .00 3.00
165# -15.00 -3.37 195# .00 3.00 225# -1.33 1.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog216.32 lb carcass .63 inch back-fat
8.18 square inch loin 2.72 inch loin depth FFLI: 53.72
Price Range $71.00 - $77.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 4,166 Iowa 89,550
Illinois 18,366 Indiana 14,100
Kansas 1,357 Kentucky 1,389
Maryland 158 Michigan 7,459
Minnesota 45,805 Missouri 2,597
Montana 689 North Carolina 8,150
Nebraska 16,084 Ohio 15,117
Oklahoma 1,698 Pennsylvania 4,121
South Dakota 9,898 Wisconsin 638
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