USDA National Daily Direct Morning Hog Report 12/15 10:50
12/15/2025 | 10:50 am CST USDA National Daily Direct Morning Hog Report 12/15 10:50
LSDLM_HG216
Des Moines, IA Mon, Dec 15, 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 2,565 2,065 1,200 1,478
Other Market Formula 28,139 27,801 26,760 25,559
Swine/Pork Market Formula 145,845 135,688 141,277 121,104
Other Purchase Arrangement 191,717 189,860 201,288 171,239
Negotiated Formula 1,295 1,295 2,105 1,101
Pack. Sold (all purchase types) 39,374 39,374 41,360 44,580
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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 1,331
Lowest Base Price 71.50
Highest Base Price 74.00
Weighted Average Price 73.00
Change from Previous Day 2.07
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 1,491
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 29,848 13,876 22,355 7,493
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 158,723 93,645 107,094 47,209
Lowest Base Price 71.37 72.01 71.37 74.05
Highest Base Price 94.46 90.35 90.35 94.46
Weighted Average Price 84.44 84.10 83.85 85.86
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 188,985 160,903 164,808 23,592
Lowest Base Price 75.67 75.67 75.67 77.66
Highest Base Price 104.47 93.14 93.14 104.47
Weighted Average Price 80.15 78.96 79.13 87.12
Change from Previous Day
Negotiated (live basis)
Head Count 420
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 1,135
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,555
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 -18.06 175# -7.23 .00 205# .00 4.00
155# -25.00 -10.00 185# .00 .00 215# .00 4.00
165# -25.00 -5.00 195# .00 3.00 225# .00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.77
Price Range $73.70 - $75.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,033 Iowa 205,062
Illinois 19,212 Indiana 20,221
Kansas 1,802 Kentucky 1,815
Michigan 7,850 Minnesota 65,205
Missouri 5,207 Montana 675
North Carolina 10,985 Nebraska 18,977
Ohio 21,546 Oklahoma 1,719
Pennsylvania 5,294 South Dakota 5,310
Wisconsin 170
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