USDA National Daily Direct Afternoon Hog Report 01/20 14:55
01/20/2026 | 2:55 pm CST USDA National Daily Direct Afternoon Hog Report 01/20 14:55
LSDLM_HG217
Des Moines, IA Tue, Jan 20, 2026
DAILY DIRECT AFTERNOON 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 2,647 2,647 1,566 4,430
Other Market Formula 27,057 27,057 19,043 14,875
Swine/Pork Market Formula 124,881 124,881 141,712 93,399
Other Purchase Arrangement 62,238 62,238 72,274 58,148
Negotiated Formula 205 205 498 326
Pack. Sold (all purchase types) 22,597 22,597 37,982 20,619
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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 1,790
Lowest Base Price 70.00
Highest Base Price 85.00
Weighted Average Price 80.19 82.65 82.37
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 40
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,830
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 26,531 11,959 16,320 10,211
Lowest Base Price 72.43 72.43 72.43 77.63
Highest Base Price 105.53 105.53 105.53 96.15
Weighted Average Price 88.87 88.40 87.52 91.02
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 138,899 83,646 99,028 35,087
Lowest Base Price 74.50 74.50 74.50 75.10
Highest Base Price 88.55 86.66 86.66 88.55
Weighted Average Price 81.46 81.36 81.25 81.99
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 60,630 34,254 35,509 23,014
Lowest Base Price 69.92 69.92 69.92 73.10
Highest Base Price 99.44 92.00 92.00 99.44
Weighted Average Price 83.27 83.00 83.04 83.51
Change from Previous Day
Negotiated (live basis)
Head Count 376
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 541
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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# -30.00 -13.00 175# -8.20 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .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 Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.83
Price Range $77.00 - $89.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,294 Iowa 83,508
Idaho 334 Illinois 17,278
Indiana 11,398 Kansas 861
Kentucky 8,049 Maryland 170
Michigan 8,465 Minnesota 48,785
Missouri 3,418 Montana 223
North Carolina 341 Nebraska 12,454
Ohio 23,495 Oklahoma 1,916
Pennsylvania 6,526 South Dakota 6,970
Wisconsin 140
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[0600059D]