USDA National Daily Direct Hog Prior Day Report 02/04 07:45
02/04/2026 | 7:45 am CST USDA National Daily Direct Hog Prior Day Report 02/04 07:45
LM_HG218
Des Moines, IA Wed, Feb 04, 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 4,955 8,772 5,946
Other Market Formula 21,461 19,383 20,839
Swine/Pork Market Formula 125,152 130,728 126,996
Other Purchase Arrangement 61,191 56,428 56,741
Negotiated Formula 76 865 150
Pack. Sold (all purchase types) 32,490 32,850 31,870
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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 3,855 19,485 119,654 57,593 76 200,663
Base Price 86.25 89.32 85.64 86.28 86.19
Packer Sold
Head Count 32,163
Base Price 85.92
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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 3,855
Lowest Base Price 82.00
Highest Base Price 88.00
Weighted Average Price 86.25 86.59 86.52
Negotiated Formula (carcass basis)
Head Count 76
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,931
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 22,415 12,035 16,398 6,017
Lowest Base Price 73.08 77.63
Highest Base Price 112.03 110.80
Weighted Average Price 89.19 96.40
Swine/Pork Market Formula (carcass basis)
Head Count 144,743 83,402 97,119 42,235
Lowest Base Price 77.87 79.68 79.68 77.87
Highest Base Price 91.09 90.57 91.09 89.96
Weighted Average Price 85.61 85.48 85.36 86.05
Other Purchase Arrangement (carcass basis)
Head Count 61,737 40,494 42,114 17,541
Lowest Base Price 79.59 79.59 79.59 79.94
Highest Base Price 98.56 94.76 94.76 98.56
Weighted Average Price 86.32 86.18 86.29 86.21
Negotiated (live basis)
Head Count 858
Lowest Base Price 63.00
Highest Base Price 68.60
Weighted Average Price 64.63
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 858
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# -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 Hog213.84 lb carcass .79 inch back-fat
7.45 square inch loin 2.48 inch loin depth FFLI: 50.99
Price Range $87.50 - $91.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 31 Canada 6,719
Iowa 93,210 Illinois 16,079
Indiana 18,382 Kansas 517
Kentucky 1,605 Michigan 6,388
Minnesota 47,015 Missouri 2,249
Montana 444 North Carolina 9,463
North Dakota 170 Nebraska 13,202
New York 162 Ohio 14,738
Oklahoma 2,093 Pennsylvania 4,874
South Dakota 7,112 Wisconsin 872
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