USDA National Daily Direct Afternoon Hog Report 02/03 14:45
02/03/2026 | 2:45 pm CST USDA National Daily Direct Afternoon Hog Report 02/03 14:45
LSDLM_HG217
Des Moines, IA Tue, Feb 03, 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 4,575 4,575 4,827 4,587
Other Market Formula 21,593 21,593 98,659 19,714
Swine/Pork Market Formula 140,112 140,112 108,139 123,710
Other Purchase Arrangement 72,764 72,764 58,301 58,298
Negotiated Formula 195 195 789 150
Pack. Sold (all purchase types) 32,938 32,938 26,379 32,103
--------------------------------------------------------------------------------
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 4,771
Lowest Base Price 80.00
Highest Base Price 88.00
Weighted Average Price 86.37 86.71 86.59
Change from Previous Day 4.15
Negotiated Formula (carcass basis)
Head Count 40
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,811
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 22,380 12,527 17,014 5,366
Lowest Base Price 75.42 79.37
Highest Base Price 112.03 110.80
Weighted Average Price 89.09 98.58
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 159,720 93,104 111,370 42,812
Lowest Base Price 78.72 78.72 78.72 78.72
Highest Base Price 89.96 89.78 89.78 89.96
Weighted Average Price 84.44 84.33 84.14 84.98
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 73,476 46,235 47,855 23,539
Lowest Base Price 79.32 79.32 79.32 79.93
Highest Base Price 99.37 96.78 96.78 99.37
Weighted Average Price 85.32 84.93 85.05 85.63
Change from Previous Day
Negotiated (live basis)
Head Count 567
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 155
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 722
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# -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
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 50.71
Price Range $85.50 - $91.00
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 6,610 Iowa 105,661
Illinois 17,833 Indiana 22,830
Kansas 350 Kentucky 665
Michigan 7,430 Minnesota 51,272
Missouri 2,817 Montana 444
North Carolina 3,553 Nebraska 17,396
Ohio 19,317 Oklahoma 2,094
Pennsylvania 6,881 South Dakota 6,864
Wisconsin 160
--------------------------------------------------------------------------------
[0600059D]