USDA National Daily Direct Hog Prior Day Report 01/23 07:55
01/23/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 01/23 07:55
LM_HG218
Des Moines, IA Fri, Jan 23, 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 1,941 894 4,188
Other Market Formula 21,459 23,515 25,187
Swine/Pork Market Formula 138,244 125,320 129,575
Other Purchase Arrangement 55,587 307,996 48,700
Negotiated Formula 150 329
Pack. Sold (all purchase types) 30,105 32,220 29,833
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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 531 18,343 133,097 51,503 150 203,624
Base Price 82.81 84.50 83.22 84.30 83.60
Packer Sold
Head Count 29,975
Base Price 83.28
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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 591
Lowest Base Price 64.00
Highest Base Price 86.00
Weighted Average Price 83.09 83.09 83.09
Negotiated Formula (carcass basis)
Head Count 150
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 741
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 21,453 11,420 16,673 4,780
Lowest Base Price 74.87
Highest Base Price 108.80
Weighted Average Price 84.95
Swine/Pork Market Formula (carcass basis)
Head Count 158,593 90,611 106,409 46,480
Lowest Base Price 75.76 75.76 75.76 77.40
Highest Base Price 88.34 87.54 87.59 88.34
Weighted Average Price 83.11 83.01 82.95 83.44
Other Purchase Arrangement (carcass basis)
Head Count 53,139 30,953 34,759 15,938
Lowest Base Price 73.10 77.40 77.40 73.10
Highest Base Price 99.32 92.87 92.87 99.32
Weighted Average Price 84.39 84.15 84.54 83.96
Negotiated (live basis)
Head Count 918
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 918
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 -14.62 175# -8.40 1.00 205# .00 4.00
155# -30.00 -11.82 185# .00 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 Hog210.50 lb carcass .70 inch back-fat
8.24 square inch loin 2.74 inch loin depth FFLI: 52.80
Price Range $71.00 - $90.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 7,536 Colorado 315
Iowa 89,590 Illinois 18,888
Indiana 15,914 Kansas 1,376
Kentucky 1,046 Michigan 7,404
Minnesota 44,916 Missouri 3,502
North Carolina 7,580 North Dakota 170
Nebraska 14,217 New York 161
Ohio 19,111 Oklahoma 1,872
Pennsylvania 4,181 South Dakota 8,904
Wisconsin 1,130
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