USDA National Daily Direct Morning Hog Report 03/04 10:55
03/04/2026 | 10:55 am CST USDA National Daily Direct Morning Hog Report 03/04 10:55
LSDLM_HG216
Des Moines, IA Wed, Mar 04, 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 3,808 2,558 6,873 4,002
Other Market Formula 16,270 15,930 31,898 13,827
Swine/Pork Market Formula 97,344 83,288 85,149 75,199
Other Purchase Arrangement 51,662 48,182 50,842 43,804
Negotiated Formula
Pack. Sold (all purchase types) 24,603 24,603 23,402 22,511
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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 995
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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 995
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 15,522 8,990 13,245 2,277
Lowest Base Price 77.01 82.39
Highest Base Price 97.50 97.25
Weighted Average Price 89.34 88.01
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 97,184 54,670 62,962 28,643
Lowest Base Price 80.47 82.92 82.92 80.47
Highest Base Price 97.16 95.96 95.96 97.16
Weighted Average Price 90.18 90.10 90.20 90.11
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 49,388 28,524 30,609 17,645
Lowest Base Price 78.66 78.66 78.66 82.48
Highest Base Price 100.69 100.69 100.69 98.80
Weighted Average Price 90.62 91.40 91.54 88.92
Change from Previous Day
Negotiated (live basis)
Head Count 527
Lowest Base Price 64.00
Highest Base Price 72.20
Weighted Average Price 67.90
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 527
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# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,591 Iowa 59,810
Illinois 14,634 Indiana 6,081
Kansas 1,154 Kentucky 1,316
Michigan 4,905 Minnesota 34,301
Missouri 2,929 North Carolina 7,361
North Dakota 170 Nebraska 9,450
Ohio 15,204 Oklahoma 1,903
Pennsylvania 5,290 South Dakota 3,783
Wisconsin 382
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