USDA National Daily Direct Morning Hog Report 12/10 13:35
12/10/2025 | 1:35 pm CST USDA National Daily Direct Morning Hog Report 12/10 13:35
LSDLM_HG216
Des Moines, IA Wed, Dec 10, 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 2,518 1,268 4,066 2,284
Other Market Formula 11,792 11,452 16,195 23,490
Swine/Pork Market Formula 100,233 85,980 78,047 93,809
Other Purchase Arrangement 54,340 50,106 48,332 52,899
Negotiated Formula 650 650 467 165
Pack. Sold (all purchase types) 25,217 24,197 24,307 25,464
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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 350
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 515
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 11,214 5,700 9,955 1,259
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 99,982 54,957 64,489 30,621
Lowest Base Price 70.92 70.92 70.92 72.93
Highest Base Price 90.66 88.72 88.72 90.66
Weighted Average Price 82.83 82.47 82.26 84.09
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 51,335 31,059 32,819 17,223
Lowest Base Price 75.86 75.86 75.86 78.17
Highest Base Price 104.47 91.31 91.31 104.47
Weighted Average Price 84.03 82.70 82.87 86.17
Change from Previous Day
Negotiated (live basis)
Head Count 600
Lowest Base Price 47.75
Highest Base Price 57.35
Weighted Average Price 53.42
Change from Previous Day
Negotiated Formula (live basis)
Head Count 485
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,085
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,790 Iowa 60,743
Illinois 15,770 Indiana 7,865
Kansas 1,589 Kentucky 1,073
Michigan 4,557 Minnesota 32,910
Missouri 2,523 North Carolina 7,254
North Dakota 170 Nebraska 9,514
Ohio 13,997 Oklahoma 1,689
Pennsylvania 5,482 South Dakota 4,027
Wisconsin 330
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[0600059D]