USDA National Daily Direct Hog Prior Day Report 12/18 08:05
12/18/2025 | 8:05 am CST USDA National Daily Direct Hog Prior Day Report 12/18 08:05
LM_HG218
Des Moines, IA Thu, Dec 18, 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
--------------------------
Producer Sold
Negotiated 7,293 7,767 3,763
Other Market Formula 22,441 18,658 25,860
Swine/Pork Market Formula 117,430 118,618 128,040
Other Purchase Arrangement 69,044 62,158 56,029
Negotiated Formula 660 815
Pack. Sold (all purchase types) 32,825 33,743 35,087
================================================================================
Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
------------------------------------------------------------------
Barrows & Gilts (carcass basis):
Producer Sold
Head Count 5,297 18,686 112,168 65,608 660 202,419
Base Price 69.63 82.09 83.16 84.47 83.14
Packer Sold
Head Count 32,825
Base Price 83.42
================================================================================
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 5,297
Lowest Base Price 64.00
Highest Base Price 71.00
Weighted Average Price 69.63 69.01 69.01
Negotiated Formula (carcass basis)
Head Count 660
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 5,957
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 22,116 11,304 16,032 6,084
Lowest Base Price 73.82 77.13
Highest Base Price 102.50 102.50
Weighted Average Price 82.23 86.76
Swine/Pork Market Formula (carcass basis)
Head Count 138,228 76,265 96,172 37,497
Lowest Base Price 70.50 70.50 70.50 70.71
Highest Base Price 92.64 90.77 90.77 92.64
Weighted Average Price 83.25 82.89 82.76 84.52
Other Purchase Arrangement (carcass basis)
Head Count 68,943 44,546 46,906 19,449
Lowest Base Price 64.00 64.00 64.00 64.00
Highest Base Price 104.47 94.30 94.30 104.47
Weighted Average Price 84.37 83.90 83.88 85.23
Negotiated (live basis)
Head Count 1,161
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,161
Lowest Base Price
Highest Base Price
Weighted Average Price
================================================================================
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)
================================================================================
CARCASS WEIGHT DIFFERENTIALS
145# -32.00 -13.00 175# -4.00 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# -.50 3.00 225# -30.00 2.00
================================================================================
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog220.23 lb carcass .69 inch back-fat
7.88 square inch loin 2.62 inch loin depth FFLI: 52.65
Price Range $65.00 - $74.50
================================================================================
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
-------------------------------------------
Canada 6,240 Georgia 1
Iowa 95,134 Illinois 20,378
Indiana 15,054 Kansas 1,543
Kentucky 1,063 Michigan 6,183
Minnesota 43,237 Missouri 4,389
North Carolina 7,671 Nebraska 14,798
New York 158 Ohio 17,706
Oklahoma 1,858 Pennsylvania 4,510
South Dakota 9,450 Wisconsin 320
================================================================================
[0600059D]