USDA National Daily Direct Morning Hog Report 12/12 10:50
12/12/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 12/12 10:50
LSDLM_HG216
Des Moines, IA Fri, Dec 12, 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 2,886 1,626 1,748 1,644
Other Market Formula 18,940 18,316 15,219 16,605
Swine/Pork Market Formula 99,346 82,863 92,429 93,758
Other Purchase Arrangement 55,360 51,074 57,672 46,085
Negotiated Formula 789 789 1,120
Pack. Sold (all purchase types) 30,797 30,797 27,876 29,284
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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 345
Lowest Base Price 68.00
Highest Base Price 74.00
Weighted Average Price 70.93
Change from Previous Day -1.11
Negotiated Formula (carcass basis)
Head Count 470
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 815
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,374 11,192 16,856 1,518
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 101,320 56,474 66,224 30,378
Lowest Base Price 71.16 72.06 71.16 72.56
Highest Base Price 92.91 90.93 90.93 92.91
Weighted Average Price 83.90 83.12 83.04 85.96
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,607 32,907 34,537 17,095
Lowest Base Price 74.32 76.57 76.57 74.32
Highest Base Price 104.47 92.45 92.45 104.47
Weighted Average Price 84.86 83.65 83.82 86.85
Change from Previous Day
Negotiated (live basis)
Head Count 963
Lowest Base Price 43.75
Highest Base Price 57.50
Weighted Average Price 52.78
Change from Previous Day
Negotiated Formula (live basis)
Head Count 319
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,282
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 -25.00 175# -4.00 .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
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog2 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.92
Price Range $68.09 - $74.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,293 Colorado 158
Iowa 67,094 Illinois 14,642
Indiana 9,139 Kansas 1,115
Kentucky 652 Michigan 6,075
Minnesota 35,200 Missouri 3,878
Montana 441 North Carolina 7,342
Nebraska 10,660 Ohio 13,188
Oklahoma 1,720 Pennsylvania 4,874
South Dakota 3,659 Wisconsin 170
Wyoming 165
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