USDA National Daily Direct Morning Hog Report 12/02 10:55
12/02/2025 | 10:55 am CST USDA National Daily Direct Morning Hog Report 12/02 10:55
LSDLM_HG216
Des Moines, IA Tue, Dec 02, 2025
DAILY DIRECT MORNING 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 2,415 1,915 1,945 1,956
Other Market Formula 16,704 16,364 14,888 140,180
Swine/Pork Market Formula 91,175 78,865 81,256 89,431
Other Purchase Arrangement 56,221 53,473 49,161 47,989
Negotiated Formula 490 490 327 490
Pack. Sold (all purchase types) 25,048 25,048 22,575 27,126
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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 1,535
Lowest Base Price 65.00
Highest Base Price 74.00
Weighted Average Price 70.06 71.05 71.05
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 460
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,995
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 17,143 10,418 15,205 1,938
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 92,676 52,403 60,522 28,856
Lowest Base Price 71.31 72.68 72.68 71.31
Highest Base Price 89.15 87.21 87.21 89.15
Weighted Average Price 81.92 81.53 81.43 82.83
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 53,766 34,342 35,978 16,819
Lowest Base Price 73.40 73.40 73.40 74.38
Highest Base Price 98.09 90.53 90.53 98.09
Weighted Average Price 83.29 82.02 82.08 85.71
Change from Previous Day
Negotiated (live basis)
Head Count 200
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 330
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 530
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT MORNING HOG REPORT (PDF) (LSDLM_HG216) 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# -7.40 -1.35 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 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: 53.72
Price Range $65.00 - $75.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,613 Iowa 66,436
Illinois 15,323 Indiana 5,841
Kansas 1,017 Kentucky 1,047
Maryland 158 Michigan 5,070
Minnesota 32,472 Missouri 2,403
Montana 228 North Carolina 8,150
Nebraska 9,576 Ohio 13,718
Oklahoma 1,698 Pennsylvania 4,794
South Dakota 4,138 Wisconsin 473
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