USDA National Daily Direct Hog Prior Day Report 12/03 07:55
12/03/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 12/03 07:55
LM_HG218
Des Moines, IA Wed, Dec 03, 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 8,788 4,294 10,698
Other Market Formula 20,074 20,032 24,943
Swine/Pork Market Formula 125,473 123,613 128,530
Other Purchase Arrangement 61,975 64,324 55,998
Negotiated Formula 312 330 326
Pack. Sold (all purchase types) 32,760 33,356 36,292
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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 7,744 17,330 120,540 58,223 203,837
Base Price 71.33 81.04 82.38 80.79
Packer Sold
Head Count 32,634
Base Price 80.96
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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 7,744
Lowest Base Price 65.00
Highest Base Price 74.00
Weighted Average Price 71.33 71.46 71.50 68.93
Negotiated Formula (carcass basis)
Head Count 300
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 8,044
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 22,210 12,660 19,067 3,143
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 143,762 78,637 96,171 43,662
Lowest Base Price 71.13 71.13 71.13 72.83
Highest Base Price 89.16 86.86 86.86 89.16
Weighted Average Price 81.07 80.81 80.65 81.86
Other Purchase Arrangement (carcass basis)
Head Count 62,455 40,532 42,001 18,677
Lowest Base Price 69.00 69.00 69.00 72.80
Highest Base Price 97.60 90.63 90.63 97.60
Weighted Average Price 82.28 81.30 81.33 84.15
Negotiated (live basis)
Head Count 968
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 312
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,280
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 -13.00 175# -7.40 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog220.71 lb carcass .64 inch back-fat
8.49 square inch loin 2.82 inch loin depth FFLI: 53.70
Price Range $65.00 - $76.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 25 Canada 4,900
Iowa 90,760 Illinois 20,117
Indiana 16,699 Kansas 1,206
Kentucky 1,204 Michigan 8,023
Minnesota 49,488 Missouri 2,830
Montana 227 North Carolina 7,560
North Dakota 170 Nebraska 15,995
Ohio 14,552 Oklahoma 1,843
Pennsylvania 4,364 South Dakota 8,581
Texas 14 Wisconsin 824
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