USDA National Daily Direct Morning Hog Report 01/23 10:45
01/23/2026 | 10:45 am CST USDA National Daily Direct Morning Hog Report 01/23 10:45
LSDLM_HG216
Des Moines, IA Fri, Jan 23, 2026
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 2,972 1,722 664 764
Other Market Formula 22,413 21,337 34,835 28,115
Swine/Pork Market Formula 111,160 97,432 83,916 88,431
Other Purchase Arrangement 48,471 44,643 303,721 46,137
Negotiated Formula 320 320 164
Pack. Sold (all purchase types) 27,379 27,061 21,425 24,533
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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 432
Lowest Base Price 79.00
Highest Base Price 82.00
Weighted Average Price 80.86
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 320
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 752
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 21,119 6,372 10,255 10,864
Lowest Base Price 75.40
Highest Base Price 107.90
Weighted Average Price 87.73
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 117,050 70,145 82,102 29,578
Lowest Base Price 75.76 75.76 75.76 77.38
Highest Base Price 88.94 87.54 87.59 88.94
Weighted Average Price 83.47 83.24 83.17 84.39
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 42,381 24,339 26,630 14,451
Lowest Base Price 77.40 77.40 77.40 82.49
Highest Base Price 99.32 92.87 92.87 99.32
Weighted Average Price 85.53 84.99 85.11 86.23
Change from Previous Day
Negotiated (live basis)
Head Count 921
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 921
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# -4.00 .00 205# .00 4.00
155# -25.00 -5.00 185# .00 .00 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog0 lb carcassnch back-fatre inch loinh loin
depthFFLI: 52.80
Price Range $82.64 - $86.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,998 Colorado 315
Iowa 69,230 Illinois 14,664
Indiana 12,439 Kansas 1,186
Kentucky 535 Michigan 4,820
Minnesota 32,407 Missouri 3,022
Montana 219 North Carolina 7,579
North Dakota 170 Nebraska 12,342
New York 160 Ohio 15,494
Oklahoma 1,872 Pennsylvania 4,510
South Dakota 4,583 Wisconsin 970
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