USDA National Daily Direct Morning Hog Report 12/31 11:00
12/31/2025 | 11:00 am CST USDA National Daily Direct Morning Hog Report 12/31 11:00
LSDLM_HG216
Des Moines, IA Wed, Dec 31, 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 4,103 3,603 2,550
Other Market Formula 14,244 13,416 14,672
Swine/Pork Market Formula 79,797 65,634 43,055
Other Purchase Arrangement 50,257 47,465 33,491
Negotiated Formula 661 661
Pack. Sold (all purchase types) 21,527 20,507 8,505
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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 1,516
Lowest Base Price 57.00
Highest Base Price 72.00
Weighted Average Price 69.40 69.08 69.81
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 1,516
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 13,996 6,184 10,994 3,002
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 77,264 37,031 45,768 27,001
Lowest Base Price 69.08 69.08 69.08 71.63
Highest Base Price 89.72 88.26 88.26 89.72
Weighted Average Price 82.26 81.79 81.46 83.48
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 47,651 30,148 31,678 14,527
Lowest Base Price 73.64 76.59 76.59 73.64
Highest Base Price 105.16 93.44 93.44 105.16
Weighted Average Price 84.09 83.01 83.18 85.99
Change from Previous Day
Negotiated (live basis)
Head Count 1,960
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 661
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,621
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 -14.62 175# -7.20 -1.35 205# .00 4.00
155# -25.00 -10.50 185# .00 .00 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog7 lb carcassnch back-fatre inch loinh loin
depthFFLI: 54.12
Price Range $64.50 - $73.50
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,286 Colorado 312
Iowa 48,489 Illinois 11,361
Indiana 6,717 Kansas 1,359
Kentucky 749 Michigan 5,283
Minnesota 27,193 Missouri 3,215
North Carolina 7,638 North Dakota 867
Nebraska 9,868 New York 340
Ohio 12,900 Oklahoma 1,894
Pennsylvania 4,303 South Dakota 3,375
Tennessee 171 Wisconsin 966
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