USDA National Daily Direct Hog Prior Day Report 01/26 08:00
01/26/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 01/26 08:00
LM_HG218
Des Moines, IA Mon, Jan 26, 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 1,507 1,359 1,581
Other Market Formula 35,949 147,211 47,139
Swine/Pork Market Formula 147,277 184,481 156,083
Other Purchase Arrangement 112,421 182,083 97,804
Negotiated Formula 810 595 450
Pack. Sold (all purchase types) 50,437 36,839 53,113
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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 1,001 34,093 143,799 108,683 650 288,226
Base Price 83.56 85.34 83.44 82.66 83.36
Packer Sold
Head Count 50,428
Base Price 83.57
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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 1,001
Lowest Base Price 79.00
Highest Base Price 86.00
Weighted Average Price 83.56
Negotiated Formula (carcass basis)
Head Count 650
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,651
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 38,728 19,819 26,374 12,354
Lowest Base Price 70.64 77.60
Highest Base Price 107.90 107.90
Weighted Average Price 85.64 90.86
Swine/Pork Market Formula (carcass basis)
Head Count 183,634 115,011 131,568 47,460
Lowest Base Price 77.07 77.07 77.07 77.38
Highest Base Price 88.94 88.09 88.09 88.94
Weighted Average Price 83.32 83.07 83.10 83.89
Other Purchase Arrangement (carcass basis)
Head Count 114,972 86,755 89,775 23,087
Lowest Base Price 70.88 75.92 75.92 70.88
Highest Base Price 104.84 94.40 94.40 104.84
Weighted Average Price 82.79 82.49 82.65 83.00
Negotiated (live basis)
Head Count 479
Lowest Base Price 53.50
Highest Base Price 66.15
Weighted Average Price 62.00
Negotiated Formula (live basis)
Head Count 160
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 639
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# -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
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog213.50 lb carcass .70 inch back-fat
8.52 square inch loin 2.83 inch loin depth FFLI: 52.93
Price Range $82.64 - $90.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 7,143 Colorado 151
Iowa 159,424 Illinois 17,876
Indiana 22,807 Kansas 1,525
Kentucky 170 Michigan 7,937
Minnesota 63,934 Missouri 2,230
Montana 219 North Carolina 13,347
Nebraska 14,352 New York 159
Ohio 20,408 Oklahoma 953
Pennsylvania 4,399 South Dakota 11,203
Wisconsin 495
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