USDA National Daily Direct Hog Prior Day Report 01/28 08:05
01/28/2026 | 8:05 am CST USDA National Daily Direct Hog Prior Day Report 01/28 08:05
LM_HG218
Des Moines, IA Wed, Jan 28, 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 8,772 5,903 4,294
Other Market Formula 19,383 28,669 58,283
Swine/Pork Market Formula 130,728 128,682 128,592
Other Purchase Arrangement 56,428 62,775 59,246
Negotiated Formula 865 408 1,010
Pack. Sold (all purchase types) 32,850 32,317 31,867
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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 8,400 16,418 125,748 52,684 265 203,515
Base Price 85.81 86.52 84.56 86.11 85.17
Packer Sold
Head Count 32,850
Base Price 84.81
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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 8,400
Lowest Base Price 79.00
Highest Base Price 87.00
Weighted Average Price 85.81 86.05 86.05
Negotiated Formula (carcass basis)
Head Count 265
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 8,665
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 19,693 10,665 14,950 4,743
Lowest Base Price 70.88 77.63
Highest Base Price 109.20 109.20
Weighted Average Price 86.84 95.40
Swine/Pork Market Formula (carcass basis)
Head Count 151,305 86,093 102,820 39,544
Lowest Base Price 77.57 78.01 78.01 77.57
Highest Base Price 90.94 89.04 89.04 90.94
Weighted Average Price 84.49 84.38 84.31 84.84
Other Purchase Arrangement (carcass basis)
Head Count 57,496 38,091 40,574 15,295
Lowest Base Price 70.62 75.04 75.04 70.62
Highest Base Price 99.48 94.65 94.65 99.48
Weighted Average Price 86.13 85.94 86.03 86.26
Negotiated (live basis)
Head Count 340
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count 600
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 940
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# -8.70 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 Hog214.00 lb carcass .81 inch back-fat
8.58 square inch loin 2.85 inch loin depth FFLI: 51.35
Price Range $84.00 - $91.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 30 Canada 10,009
Iowa 90,071 Illinois 18,882
Indiana 13,747 Kansas 1,296
Kentucky 1,246 Michigan 6,074
Minnesota 52,892 Missouri 2,601
Montana 7 North Carolina 7,886
North Dakota 170 Nebraska 14,190
Ohio 13,877 Oklahoma 2,490
Pennsylvania 5,204 South Dakota 8,188
Wisconsin 960
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