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USDA National Daily Direct Morning Hog Report 12/17 10:55

USDA National Daily Direct Morning Hog Report 12/17 10:55

LSDLM_HG216
Des Moines, IA                             Wed, Dec 17, 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                                  5,726     5,226     1,268     2,611
 Other Market Formula                       21,119    20,587    11,452    15,752
 Swine/Pork Market Formula                  99,966    81,340    85,980    88,796
 Other Purchase Arrangement                 58,588    55,503    50,106    44,509
 Negotiated Formula                            650       650       650          
Pack. Sold (all purchase types)             24,062    24,062    24,197    25,684
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                          Volume and Price Range For Barrows and Gilts
                              Purchased Swine (Including Packer Sold)
                                    National       Iowa/     Western     Eastern
                                                 Minnesota  Cornbelt    Cornbelt
                                   ---------------------------------------------
Negotiated (carcass basis)
   Head Count                          3,622                                    
   Lowest Base Price                   65.00                                    
   Highest Base Price                  71.00                                    
   Weighted Average Price              70.17       69.42       69.42            
   Change from Previous Day              .26        -.74        -.74            
Negotiated Formula (carcass basis)
   Head Count                            330                                    
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Combined Negotiated/Negotiated Formula (carcass basis)
   Head Count                          3,952                                    
   Lowest Base Price                                                            
   Highest Base Price                                                           
   Weighted Average Price                                                       
   Change from Previous Day                                                     
Other Market Formula (carcass basis)
   Head Count                         19,715      11,311      14,451       5,264
   Lowest Base Price                   74.14                               77.13
   Highest Base Price                 102.50                              102.50
   Weighted Average Price              83.10                               87.51
   Change from Previous Day                                                     
Swine/Pork Market Formula (carcass basis)
   Head Count                         94,676      51,848      59,683      30,036
   Lowest Base Price                   70.79       71.56       71.56       70.79
   Highest Base Price                  92.64       90.68       90.68       92.64
   Weighted Average Price              84.27       83.98       83.77       85.57
   Change from Previous Day                                                     
Other Purchase Arrangement (carcass basis)
   Head Count                         56,384      36,201      37,781      16,994
   Lowest Base Price                   64.00       71.50       71.50       64.00
   Highest Base Price                  98.50       93.44       93.44       98.50
   Weighted Average Price              84.55       83.63       83.85       85.93
   Change from Previous Day                                                     
Negotiated (live basis)
   Head Count                            952                                    
   Lowest Base Price                   48.49                                    
   Highest Base Price                  56.25                                    
   Weighted Average Price              55.20                               53.57
   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                          1,272                                    
   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 -13.00         175#   -4.00    .00         205#     .00    .00
    155#  -19.00  -5.00         185#   -1.50    .00         215#   -8.00    .00
    165#   -9.00    .00         195#    -.50    .00         225#  -30.00    .00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
 
5-Day Rolling Average Market Hog6 lb carcassnch back-fatre inch loinh loin 
depthFFLI: 52.67       
 
Price Range $65.00  - $74.50  
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
 
Canada                5,091          Iowa                 68,559
Illinois             17,465          Indiana               7,667
Kansas                1,736          Kentucky                956
Michigan              4,930          Minnesota            34,699
Missouri              2,857          North Carolina        7,296
North Dakota            545          Nebraska              7,779
New York                160          Ohio                 17,495
Oklahoma              1,882          Pennsylvania          5,156
South Dakota          2,613          Wisconsin               482

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