USDA National Daily Direct Hog Prior Day Report 02/11 08:00
02/11/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 02/11 08:00
LM_HG218
Des Moines, IA Wed, Feb 11, 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 7,658 4,955 7,347
Other Market Formula 42,844 21,461 25,049
Swine/Pork Market Formula 133,849 125,152 132,465
Other Purchase Arrangement 54,926 61,191 54,833
Negotiated Formula 25 76 300
Pack. Sold (all purchase types) 31,707 32,490 32,679
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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 5,687 39,885 127,536 51,512 25 224,645
Base Price 88.42 85.76 85.76 86.59 86.02
Packer Sold
Head Count 31,481
Base Price 85.98
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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 5,687
Lowest Base Price 81.00
Highest Base Price 90.00
Weighted Average Price 88.42 88.14 88.42
Negotiated Formula (carcass basis)
Head Count 25
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 5,712
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 43,475 19,321 24,727 18,748
Lowest Base Price 75.42 77.63
Highest Base Price 107.25 88.35
Weighted Average Price 85.88 85.17
Swine/Pork Market Formula (carcass basis)
Head Count 150,599 85,038 101,176 43,779
Lowest Base Price 77.51 80.11 80.11 77.51
Highest Base Price 92.24 91.25 92.24 90.74
Weighted Average Price 85.73 85.48 85.40 86.31
Other Purchase Arrangement (carcass basis)
Head Count 56,340 35,900 37,510 17,525
Lowest Base Price 75.26 75.89 75.89 75.26
Highest Base Price 98.19 97.46 97.46 98.19
Weighted Average Price 86.62 86.67 86.74 86.27
Negotiated (live basis)
Head Count 1,638
Lowest Base Price 59.25
Highest Base Price 69.65
Weighted Average Price 65.82
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,638
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 Hog219.17 lb carcass .73 inch back-fat
7.97 square inch loin 2.65 inch loin depth FFLI: 52.14
Price Range $88.00 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 19 Canada 6,449
Iowa 96,670 Illinois 19,597
Indiana 16,609 Kansas 884
Kentucky 3,445 Michigan 7,603
Minnesota 49,306 Missouri 2,319
Montana 219 North Carolina 8,102
North Dakota 170 Nebraska 15,156
Ohio 24,843 Oklahoma 1,935
Pennsylvania 4,707 South Dakota 9,609
Tennessee 2,640 Texas 80
Wisconsin 647
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