USDA National Daily Direct Morning Hog Report 12/11 10:40
12/11/2025 | 10:40 am CST USDA National Daily Direct Morning Hog Report 12/11 10:40
LSDLM_HG216
Des Moines, IA Thu, Dec 11, 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 5,477 5,137 2,478 2,533
Other Market Formula 15,281 14,373 10,220 15,364
Swine/Pork Market Formula 93,950 79,929 81,460 93,046
Other Purchase Arrangement 59,967 58,172 57,377 50,388
Negotiated Formula 970 970 1,140 505
Pack. Sold (all purchase types) 25,569 25,569 25,500 26,230
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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 3,674
Lowest Base Price 66.00
Highest Base Price 74.00
Weighted Average Price 72.04 72.15 71.68
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 650
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,324
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,106 8,285 13,165 1,941
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 93,305 50,821 58,259 30,540
Lowest Base Price 70.23 70.23 70.23 71.05
Highest Base Price 91.44 89.49 89.49 91.44
Weighted Average Price 83.06 82.51 82.35 84.47
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 57,682 35,875 37,187 18,553
Lowest Base Price 72.98 74.97 74.97 72.98
Highest Base Price 99.07 91.41 91.41 99.07
Weighted Average Price 83.80 82.57 82.69 85.85
Change from Previous Day
Negotiated (live basis)
Head Count 1,068
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,388
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# -32.00 -17.88 175# -7.15 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.00 1.50 215# -8.00 4.00
165# -25.00 .00 195# -.50 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog1 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.07
Price Range $69.00 - $76.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,911 Iowa 63,319
Idaho 150 Illinois 16,156
Indiana 10,395 Kansas 1,014
Kentucky 1,235 Michigan 4,375
Minnesota 35,713 Missouri 3,303
Montana 215 North Carolina 7,260
North Dakota 510 Nebraska 8,548
Ohio 15,473 Oklahoma 1,687
Pennsylvania 5,082 South Dakota 3,484
Wisconsin 320
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