USDA National Daily Direct Hog Prior Day Report 02/05 07:45
02/05/2026 | 7:45 am CST USDA National Daily Direct Hog Prior Day Report 02/05 07:45
LM_HG218
Des Moines, IA Thu, Feb 05, 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 4,306 4,408 6,194
Other Market Formula 19,645 21,607 20,509
Swine/Pork Market Formula 128,806 129,170 129,168
Other Purchase Arrangement 238,661 55,846 58,963
Negotiated Formula 1,374 1,150 260
Pack. Sold (all purchase types) 31,517 31,304 31,259
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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 2,432 17,144 122,296 235,407 1,050 378,329
Base Price 87.41 85.15 85.48 82.39 83.54
Packer Sold
Head Count 31,335
Base Price 85.55
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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 2,432
Lowest Base Price 81.00
Highest Base Price 88.50
Weighted Average Price 87.41 87.63 87.53
Negotiated Formula (carcass basis)
Head Count 1,050
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 3,482
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 20,603 14,212 18,019 2,584
Lowest Base Price 73.55 77.63
Highest Base Price 109.35 109.35
Weighted Average Price 85.66 87.58
Swine/Pork Market Formula (carcass basis)
Head Count 147,799 83,969 99,929 42,034
Lowest Base Price 78.12 79.16 79.16 78.12
Highest Base Price 92.12 91.40 91.40 92.12
Weighted Average Price 85.42 85.32 85.29 85.54
Other Purchase Arrangement (carcass basis)
Head Count 238,105 220,321 221,289 15,675
Lowest Base Price 73.38 73.38 73.38 80.43
Highest Base Price 104.54 96.83 96.83 104.54
Weighted Average Price 82.43 82.11 82.13 86.28
Negotiated (live basis)
Head Count 1,230
Lowest Base Price 55.00
Highest Base Price 68.70
Weighted Average Price 63.89 62.33
Negotiated Formula (live basis)
Head Count 324
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,554
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 Hog215.31 lb carcass .79 inch back-fat
7.51 square inch loin 2.50 inch loin depth FFLI: 51.02
Price Range $85.00 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 7,596 Iowa 274,084
Idaho 10 Illinois 17,934
Indiana 15,367 Kansas 1,366
Kentucky 1,869 Michigan 5,096
Minnesota 47,870 Missouri 3,779
North Carolina 8,049 Nebraska 11,850
New York 159 Ohio 15,987
Oklahoma 1,871 Pennsylvania 4,508
South Dakota 7,074 Wisconsin 165
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