USDA National Daily Direct Morning Hog Report 02/27 10:55
02/27/2026 | 10:55 am CST USDA National Daily Direct Morning Hog Report 02/27 10:55
LSDLM_HG216
Des Moines, IA Fri, Feb 27, 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 2,220 1,720 1,827 4,511
Other Market Formula 29,484 28,408 25,424 27,022
Swine/Pork Market Formula 98,729 84,266 100,462 96,932
Other Purchase Arrangement 48,207 44,168 49,326 46,142
Negotiated Formula 165 95
Pack. Sold (all purchase types) 23,390 23,390 27,221 21,618
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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 2,438
Lowest Base Price 86.50
Highest Base Price 91.00
Weighted Average Price 90.46 89.23
Change from Previous Day -.51
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 2,438
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 28,540 11,631 18,491 10,049
Lowest Base Price 76.06 84.19
Highest Base Price 97.47 92.72
Weighted Average Price 88.56 90.12
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 97,783 54,617 62,817 29,759
Lowest Base Price 82.12 82.12 82.12 82.39
Highest Base Price 95.79 95.79 95.79 95.79
Weighted Average Price 89.40 89.44 89.52 89.14
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 42,773 23,381 24,983 16,500
Lowest Base Price 82.16 83.06 83.06 82.16
Highest Base Price 104.17 99.71 99.71 104.17
Weighted Average Price 90.70 91.77 91.88 88.82
Change from Previous Day
Negotiated (live basis)
Head Count 800
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 800
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: 52.98
Price Range $90.47 - $98.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,945 Colorado 120
Iowa 56,561 Illinois 15,125
Indiana 6,760 Kansas 812
Kentucky 2,659 Michigan 4,900
Minnesota 35,270 Missouri 3,355
Montana 223 North Carolina 7,817
North Dakota 170 Nebraska 12,371
Ohio 18,004 Oklahoma 1,701
Pennsylvania 4,987 South Dakota 2,705
Tennessee 1,815 Wisconsin 652
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