USDA National Daily Direct Morning Hog Report 12/24 10:45
12/24/2025 | 10:45 am CST USDA National Daily Direct Morning Hog Report 12/24 10:45
LSDLM_HG216
Des Moines, IA Wed, Dec 24, 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 3,800 2,550 5,226
Other Market Formula 15,012 14,672 20,587
Swine/Pork Market Formula 54,103 43,055 81,340
Other Purchase Arrangement 37,226 33,491 55,503
Negotiated Formula 650
Pack. Sold (all purchase types) 8,505 8,505 24,062
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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 787
Lowest Base Price
Highest Base Price
Weighted Average Price
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 787
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,711 10,332 13,412 1,013
Lowest Base Price 78.97 80.00 78.97 80.72
Highest Base Price 88.50 88.50 88.50 86.60
Weighted Average Price 86.67 87.70 87.01 83.92
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 44,479 23,861 28,818 10,730
Lowest Base Price 68.60 69.60 69.60 68.60
Highest Base Price 92.01 88.95 88.95 92.01
Weighted Average Price 83.75 83.00 82.79 86.03
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 34,615 19,962 21,282 12,041
Lowest Base Price 71.68 75.46 71.68 77.84
Highest Base Price 105.00 92.20 92.20 105.00
Weighted Average Price 85.68 84.84 84.82 87.24
Change from Previous Day
Negotiated (live basis)
Head Count 1,763
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,763
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Arkansas 301 Canada 5,390
Iowa 27,635 Illinois 4,487
Indiana 6,372 Kansas 618
Kentucky 373 Michigan 5,040
Minnesota 28,120 Missouri 1,176
North Dakota 345 Nebraska 4,549
Ohio 8,310 Oklahoma 1,878
Pennsylvania 4,291 South Dakota 3,388
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[0600059D]