USDA National Daily Direct Hog Prior Day Report 03/04 07:50
03/04/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 03/04 07:50
LM_HG218
Des Moines, IA Wed, Mar 04, 2026
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
--------------------------
Producer Sold
Negotiated 8,712 13,170 8,799
Other Market Formula 20,163 40,328 22,832
Swine/Pork Market Formula 121,542 125,199 116,736
Other Purchase Arrangement 56,519 57,373 52,570
Negotiated Formula 318 202 315
Pack. Sold (all purchase types) 32,835 34,893 30,949
================================================================================
Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
------------------------------------------------------------------
Barrows & Gilts (carcass basis):
Producer Sold
Head Count 7,180 16,748 116,057 53,320 160 193,465
Base Price 91.44 89.24 89.15 89.71 89.40
Packer Sold
Head Count 32,620
Base Price 90.12
================================================================================
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 7,180
Lowest Base Price 88.00
Highest Base Price 93.00
Weighted Average Price 91.44 91.51 91.50
Negotiated Formula (carcass basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 7,340
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 20,658 11,161 16,266 4,392
Lowest Base Price 77.01 82.39
Highest Base Price 109.35 109.35
Weighted Average Price 90.49 93.85
Swine/Pork Market Formula (carcass basis)
Head Count 141,120 80,604 96,662 38,736
Lowest Base Price 80.47 82.74 82.74 80.47
Highest Base Price 95.96 95.96 95.96 94.91
Weighted Average Price 89.11 89.01 89.03 89.14
Other Purchase Arrangement (carcass basis)
Head Count 57,288 33,771 36,506 18,515
Lowest Base Price 78.67 78.67 78.67 79.44
Highest Base Price 100.69 100.69 100.69 98.80
Weighted Average Price 89.87 90.18 90.33 88.69
Negotiated (live basis)
Head Count 765
Lowest Base Price 64.00
Highest Base Price 72.50
Weighted Average Price 69.52
Negotiated Formula (live basis)
Head Count 158
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 923
Lowest Base Price
Highest Base Price
Weighted Average Price
================================================================================
NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
================================================================================
CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
================================================================================
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog214.40 lb carcass .65 inch back-fat
7.81 square inch loin 2.60 inch loin depth FFLI: 53.24
Price Range $90.47 - $97.50
================================================================================
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
-------------------------------------------
California 17 Canada 7,288
Iowa 84,744 Idaho 165
Illinois 17,796 Indiana 14,024
Kansas 1,499 Kentucky 1,637
Michigan 7,603 Minnesota 48,906
Missouri 3,289 North Carolina 7,385
North Dakota 367 Nebraska 13,314
Ohio 15,177 Oklahoma 1,903
Pennsylvania 5,183 South Dakota 9,409
Wisconsin 704
================================================================================
[0600059D]