USDA National Daily Direct Afternoon Hog Report 01/23 14:50
01/23/2026 | 2:50 pm CST USDA National Daily Direct Afternoon Hog Report 01/23 14:50
LSDLM_HG217
Des Moines, IA Fri, Jan 23, 2026
DAILY DIRECT AFTERNOON 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 2,353 2,353 1,366 1,975
Other Market Formula 30,644 30,644 142,816 32,903
Swine/Pork Market Formula 152,824 152,824 137,937 130,876
Other Purchase Arrangement 65,660 65,660 320,665 54,507
Negotiated Formula 800 800 674 310
Pack. Sold (all purchase types) 40,472 40,472 27,282 30,016
--------------------------------------------------------------------------------
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 1,001
Lowest Base Price 79.00
Highest Base Price 86.00
Weighted Average Price 83.56
Change from Previous Day .47
Negotiated Formula (carcass basis)
Head Count 800
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,801
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 31,941 14,684 19,752 12,189
Lowest Base Price 75.40 77.63
Highest Base Price 107.90 107.90
Weighted Average Price 85.98 90.32
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 183,674 110,890 130,243 47,445
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 82.54 82.13 82.15 83.50
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 63,398 37,219 40,190 21,098
Lowest Base Price 77.40 77.40 77.40 78.01
Highest Base Price 99.32 94.40 94.40 99.32
Weighted Average Price 84.11 83.43 83.66 84.72
Change from Previous Day
Negotiated (live basis)
Head Count 956
Lowest Base Price 55.00
Highest Base Price 66.15
Weighted Average Price 59.34
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 956
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
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 - $90.00
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 7,424 Colorado 315
Iowa 116,875 Illinois 19,200
Indiana 20,494 Kansas 1,351
Kentucky 535 Michigan 8,825
Minnesota 47,909 Missouri 3,191
Montana 219 North Carolina 7,579
North Dakota 170 Nebraska 16,107
New York 160 Ohio 24,249
Oklahoma 1,872 Pennsylvania 5,374
South Dakota 9,774 Wisconsin 1,130
--------------------------------------------------------------------------------
[0600059D]