USDA National Daily Direct Afternoon Hog Report 02/04 14:45
02/04/2026 | 2:45 pm CST USDA National Daily Direct Afternoon Hog Report 02/04 14:45
LSDLM_HG217
Des Moines, IA Wed, Feb 04, 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 4,810 4,810 7,765 7,532
Other Market Formula 15,991 15,991 17,997 25,714
Swine/Pork Market Formula 130,658 130,658 128,100 135,571
Other Purchase Arrangement 243,913 243,913 60,857 71,083
Negotiated Formula 1,050 1,050 1,318
Pack. Sold (all purchase types) 35,545 35,545 30,127 31,515
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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 3,522
Lowest Base Price 81.00
Highest Base Price 88.50
Weighted Average Price 86.82 86.90 86.90
Change from Previous Day .45 .19 .31
Negotiated Formula (carcass basis)
Head Count 1,050
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,572
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 16,717 8,844 12,935 3,782
Lowest Base Price 73.08 77.63
Highest Base Price 109.35 109.35
Weighted Average Price 84.38 85.58
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 152,084 86,631 100,575 45,297
Lowest Base Price 77.87 79.16 79.16 77.87
Highest Base Price 92.12 90.57 91.09 92.12
Weighted Average Price 85.87 85.66 85.56 86.39
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 246,064 222,702 224,142 20,781
Lowest Base Price 79.59 79.59 79.59 80.43
Highest Base Price 98.56 94.76 94.76 98.56
Weighted Average Price 82.63 82.21 82.26 86.30
Change from Previous Day
Negotiated (live basis)
Head Count 902
Lowest Base Price 63.00
Highest Base Price 68.60
Weighted Average Price 65.19
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 902
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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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
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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
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 50.99
Price Range $85.00 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 7,431 Iowa 273,871
Idaho 177 Illinois 15,640
Indiana 16,816 Kansas 521
Kentucky 1,332 Michigan 7,349
Minnesota 48,825 Missouri 2,501
North Carolina 9,521 North Dakota 170
Nebraska 12,740 New York 160
Ohio 19,886 Oklahoma 1,894
Pennsylvania 5,780 South Dakota 6,479
Wisconsin 712
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[0600059D]