USDA National Daily Direct Morning Hog Report 12/03 10:55
12/03/2025 | 10:55 am CST USDA National Daily Direct Morning Hog Report 12/03 10:55
LSDLM_HG216
Des Moines, IA Wed, Dec 03, 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 4,566 4,066 2,268 3,164
Other Market Formula 16,535 16,195 15,397 18,947
Swine/Pork Market Formula 94,034 78,047 82,085 92,214
Other Purchase Arrangement 52,255 48,332 51,794 51,382
Negotiated Formula 467 467 330 326
Pack. Sold (all purchase types) 24,307 24,307 22,993 27,000
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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 3,063
Lowest Base Price 65.00
Highest Base Price 74.00
Weighted Average Price 69.01 69.03 70.11
Change from Previous Day -1.05 -2.02 -.94
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,223
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,810 10,284 14,915 1,895
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 91,137 48,911 56,766 30,740
Lowest Base Price 71.13 71.13 71.13 72.83
Highest Base Price 88.63 86.86 86.86 88.63
Weighted Average Price 81.85 81.57 81.32 82.77
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 49,141 28,382 29,531 18,164
Lowest Base Price 69.00 69.00 69.00 73.85
Highest Base Price 97.60 90.63 90.63 97.60
Weighted Average Price 83.32 82.08 82.09 85.32
Change from Previous Day
Negotiated (live basis)
Head Count 1,003
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 307
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,310
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# -30.00 -14.62 175# -7.35 1.00 205# .00 3.00
155# -30.00 -10.00 185# .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 Hog1 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.70
Price Range $70.00 - $74.97
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 3,835 Iowa 57,646
Illinois 18,576 Indiana 10,505
Kansas 856 Kentucky 845
Michigan 5,080 Minnesota 31,648
Missouri 1,975 North Carolina 7,228
North Dakota 170 Nebraska 9,311
Ohio 13,415 Oklahoma 1,707
Pennsylvania 4,163 South Dakota 4,255
Wisconsin 199
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