USDA National Daily Direct Morning Hog Report 05/04 11:00
05/04/2026 | 11:00 am CDT USDA National Daily Direct Morning Hog Report 05/04 11:00
LSDLM_HG216
Des Moines, IA Mon, May 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 3,223 1,973 2,766 1,228
Other Market Formula 19,739 19,399 23,241 79,571
Swine/Pork Market Formula 121,366 104,450 100,043 92,336
Other Purchase Arrangement 89,337 86,141 167,794 69,260
Negotiated Formula 640 640 740
Pack. Sold (all purchase types) 33,810 33,810 29,378 38,206
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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 20
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 20
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 21,199 14,297 20,567 632
Lowest Base Price 83.18
Highest Base Price 102.07
Weighted Average Price 89.53
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 123,696 79,289 92,134 29,642
Lowest Base Price 79.68 81.26 81.26 79.68
Highest Base Price 97.85 97.85 97.85 95.74
Weighted Average Price 89.17 88.70 88.61 90.67
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 88,391 62,484 64,404 23,337
Lowest Base Price 81.58 81.89 81.89 81.58
Highest Base Price 108.19 97.76 97.76 108.19
Weighted Average Price 88.64 88.55 88.70 88.34
Change from Previous Day
Negotiated (live basis)
Head Count 1,765
Lowest Base Price 60.50
Highest Base Price 72.00
Weighted Average Price 70.17 71.49
Change from Previous Day -.28
Negotiated Formula (live basis)
Head Count 920
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 2,685
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 2,730 Iowa 113,068
Illinois 18,216 Indiana 8,194
Kansas 1,189 Kentucky 1,809
Michigan 6,185 Minnesota 44,229
Missouri 2,649 Montana 666
North Carolina 6,986 Nebraska 16,259
Ohio 15,450 Pennsylvania 4,682
South Dakota 3,660 Tennessee 120
Wisconsin 321
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