USDA National Daily Direct Hog Prior Day Report 01/21 08:20
01/21/2026 | 8:20 am CST USDA National Daily Direct Hog Prior Day Report 01/21 08:20
LM_HG218
Des Moines, IA Wed, Jan 21, 2026
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 5,903 1,391 6,248
Other Market Formula 28,669 22,919 20,058
Swine/Pork Market Formula 128,682 128,275 123,964
Other Purchase Arrangement 62,775 58,522 53,695
Negotiated Formula 408 160 327
Pack. Sold (all purchase types) 32,317 33,260 33,266
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 3,870 25,248 124,147 58,800 240 212,305
Base Price 82.55 88.91 82.03 83.22 83.19
Packer Sold
Head Count 32,146
Base Price 81.83
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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 3,870
Lowest Base Price 70.00
Highest Base Price 86.00
Weighted Average Price 82.55 84.59 84.41
Negotiated Formula (carcass basis)
Head Count 240
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,110
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 28,198 13,838 18,529 9,669
Lowest Base Price 72.21 72.21 72.21
Highest Base Price 105.53 105.53 105.53
Weighted Average Price 88.72 87.79 86.86
Swine/Pork Market Formula (carcass basis)
Head Count 149,037 84,582 100,644 42,676
Lowest Base Price 74.50 74.50 74.50 75.10
Highest Base Price 88.55 86.65 86.87 88.55
Weighted Average Price 81.89 81.77 81.72 82.20
Other Purchase Arrangement (carcass basis)
Head Count 63,450 40,885 42,975 18,368
Lowest Base Price 73.10 73.47 73.47 73.10
Highest Base Price 104.84 91.75 91.75 104.84
Weighted Average Price 83.15 82.76 82.84 83.73
Negotiated (live basis)
Head Count 1,054
Lowest Base Price 51.50
Highest Base Price 63.95
Weighted Average Price 60.71
Negotiated Formula (live basis)
Head Count 168
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,222
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -8.20 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 Hog210.55 lb carcass .74 inch back-fat
8.49 square inch loin 2.82 inch loin depth FFLI: 52.35
Price Range $77.00 - $90.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 44 Canada 6,556
Iowa 94,734 Idaho 498
Illinois 20,045 Indiana 15,038
Kansas 1,187 Kentucky 8,240
Michigan 7,660 Minnesota 50,008
Missouri 2,119 Montana 223
North Carolina 7,382 North Dakota 170
Nebraska 14,116 New York 158
Ohio 15,094 Oklahoma 1,889
Pennsylvania 4,557 South Dakota 8,470
Wisconsin 910
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