USDA National Daily Direct Hog Prior Day Report 02/27 07:50
02/27/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 02/27 07:50
LM_HG218
Des Moines, IA Fri, Feb 27, 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
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Producer Sold
Negotiated 3,658 3,143 3,060
Other Market Formula 34,236 26,719 22,962
Swine/Pork Market Formula 127,401 131,258 131,272
Other Purchase Arrangement 58,501 221,407 47,688
Negotiated Formula 255
Pack. Sold (all purchase types) 30,341 29,512 27,843
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 2,685 31,803 121,535 54,362 210,385
Base Price 90.91 94.74 88.43 89.51 89.70
Packer Sold
Head Count 30,300
Base Price 89.38
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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 4,335
Lowest Base Price 86.50
Highest Base Price 93.00
Weighted Average Price 90.95 91.11 91.11
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,335
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 35,553 13,042 17,697 17,856
Lowest Base Price 76.06 80.95
Highest Base Price 112.01 112.01
Weighted Average Price 94.77 100.42
Swine/Pork Market Formula (carcass basis)
Head Count 144,703 81,875 97,441 41,581
Lowest Base Price 81.55 82.11 82.11 81.55
Highest Base Price 96.96 95.79 95.79 96.96
Weighted Average Price 88.39 88.36 88.36 88.33
Other Purchase Arrangement (carcass basis)
Head Count 56,417 34,274 37,225 16,593
Lowest Base Price 82.16 82.78 82.78 82.16
Highest Base Price 104.17 99.71 99.71 104.17
Weighted Average Price 89.58 89.61 89.92 88.59
Negotiated (live basis)
Head Count 800
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 800
Lowest Base Price
Highest Base Price
Weighted Average Price
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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)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -4.00 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 Hog215.20 lb carcass .67 inch back-fat
7.88 square inch loin 2.62 inch loin depth FFLI: 52.98
Price Range $92.00 - $98.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 7,705 Colorado 120
Iowa 84,835 Idaho 332
Illinois 22,253 Indiana 14,688
Kansas 977 Kentucky 4,137
Michigan 5,755 Minnesota 49,328
Missouri 3,714 North Carolina 7,858
North Dakota 170 Nebraska 13,582
Ohio 20,754 Oklahoma 1,701
Pennsylvania 4,410 South Dakota 7,864
Tennessee 3,300 Wisconsin 977
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