USDA National Daily Direct Morning Hog Report 12/23 11:00
12/23/2025 | 11:00 am CST USDA National Daily Direct Morning Hog Report 12/23 11:00
LSDLM_HG216
Des Moines, IA Tue, Dec 23, 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 2,676 2,176 3,417
Other Market Formula 17,454 16,274 17,255
Swine/Pork Market Formula 96,647 82,929 80,673
Other Purchase Arrangement 52,992 50,114 45,627
Negotiated Formula 361 361 815
Pack. Sold (all purchase types) 24,724 24,724 22,830
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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 605
Lowest Base Price 65.00
Highest Base Price 71.00
Weighted Average Price 68.02 68.02
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 605
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,614 7,421 12,771 3,843
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 96,349 54,430 62,686 29,891
Lowest Base Price 68.16 68.16 68.16 68.66
Highest Base Price 93.28 90.65 90.65 93.28
Weighted Average Price 83.61 82.52 82.40 86.04
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 50,734 32,341 34,111 15,168
Lowest Base Price 73.10 74.31 74.31 73.10
Highest Base Price 99.41 92.29 92.29 99.41
Weighted Average Price 85.85 84.66 84.74 88.26
Change from Previous Day
Negotiated (live basis)
Head Count 1,571
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 361
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,932
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 -13.00 175# -7.10 -3.25 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .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 Hog2 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.16
Price Range $65.00 - $72.42
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,392 Colorado 159
Iowa 61,344 Illinois 14,523
Indiana 8,067 Kansas 1,347
Kentucky 690 Maryland 160
Michigan 4,609 Minnesota 35,471
Missouri 3,904 North Carolina 7,552
Nebraska 10,054 Ohio 15,222
Oklahoma 1,852 Pennsylvania 4,121
South Dakota 2,918 Wisconsin 25
West Virginia 168
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