USDA National Daily Direct Hog Prior Day Report 12/23 08:00
12/23/2025 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 12/23 08:00
LM_HG218
Des Moines, IA Tue, Dec 23, 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 3,242 4,684
Other Market Formula 17,302 28,381
Swine/Pork Market Formula 128,390 124,757
Other Purchase Arrangement 67,226 63,106
Negotiated Formula 196 1,310
Pack. Sold (all purchase types) 31,669 33,424
================================================================================
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 1,381 13,213 123,924 63,190 201,708
Base Price 67.79 83.04 85.32 83.53
Packer Sold
Head Count 31,498
Base Price 84.17
================================================================================
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 1,381
Lowest Base Price 60.00
Highest Base Price 71.00
Weighted Average Price 67.79
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,381
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 17,923 9,972 15,427 2,496
Lowest Base Price
Highest Base Price
Weighted Average Price
Swine/Pork Market Formula (carcass basis)
Head Count 146,719 83,994 101,175 40,690
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 83.19 82.34 82.37 84.94
Other Purchase Arrangement (carcass basis)
Head Count 67,183 45,006 47,096 17,973
Lowest Base Price 73.10 74.31 74.31 73.10
Highest Base Price 99.41 92.29 92.29 99.41
Weighted Average Price 85.23 84.49 84.55 86.70
Negotiated (live basis)
Head Count 1,788
Lowest Base Price 42.00
Highest Base Price 53.25
Weighted Average Price 50.00
Negotiated Formula (live basis)
Head Count 196
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,984
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# -25.00 -14.62 175# -7.10 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
================================================================================
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog216.64 lb carcass .72 inch back-fat
7.72 square inch loin 2.57 inch loin depth FFLI: 52.16
Price Range $66.97 - $72.42
================================================================================
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
-------------------------------------------
Canada 6,571 Colorado 159
Iowa 94,762 Idaho 60
Illinois 19,545 Indiana 18,456
Kansas 1,697 Kentucky 690
Maryland 160 Michigan 6,863
Minnesota 46,332 Missouri 4,069
Montana 678 North Carolina 8,016
Nebraska 13,829 Ohio 12,017
Oklahoma 1,852 Pennsylvania 3,528
South Dakota 8,380 Wisconsin 193
West Virginia 168
================================================================================
[0600059D]