USDA National Daily Direct Hog Prior Day Report 02/18 08:00
02/18/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 02/18 08:00
LM_HG218
Des Moines, IA Wed, Feb 18, 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 3,623 7,658 7,917
Other Market Formula 19,407 42,844 23,017
Swine/Pork Market Formula 125,936 133,849 124,970
Other Purchase Arrangement 59,088 54,926 55,292
Negotiated Formula 78 25
Pack. Sold (all purchase types) 31,233 31,707 32,907
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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 2,460 16,149 120,743 55,819 195,171
Base Price 88.23 86.47 86.36 87.12 86.61
Packer Sold
Head Count 31,224
Base Price 86.88
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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 2,460
Lowest Base Price 80.00
Highest Base Price 90.50
Weighted Average Price 88.23 88.23 88.23
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,460
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 20,059 12,480 17,085 2,974
Lowest Base Price 77.51 80.95
Highest Base Price 103.75 92.53
Weighted Average Price 87.37 85.76
Swine/Pork Market Formula (carcass basis)
Head Count 144,383 83,249 100,114 38,402
Lowest Base Price 78.72 80.62 78.72 78.72
Highest Base Price 92.73 92.73 92.73 91.23
Weighted Average Price 86.29 86.13 86.05 86.72
Other Purchase Arrangement (carcass basis)
Head Count 59,812 37,672 39,597 18,431
Lowest Base Price 79.91 79.91 79.91 80.06
Highest Base Price 98.19 95.20 95.20 98.19
Weighted Average Price 87.21 87.32 87.45 86.53
Negotiated (live basis)
Head Count 709
Lowest Base Price 65.50
Highest Base Price 69.75
Weighted Average Price 67.90
Negotiated Formula (live basis)
Head Count 78
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 787
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 -13.00 175# -9.05 -1.35 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .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 Hog216.98 lb carcass .64 inch back-fat
8.30 square inch loin 2.76 inch loin depth FFLI: 53.64
Price Range $87.00 - $92.31
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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California 20 Canada 6,348
Iowa 87,874 Illinois 16,979
Indiana 13,901 Kansas 1,788
Kentucky 1,062 Michigan 7,196
Minnesota 48,729 Missouri 2,531
Montana 674 North Carolina 7,447
North Dakota 333 Nebraska 14,051
New York 160 Ohio 15,097
Oklahoma 1,915 Pennsylvania 4,838
South Dakota 8,127 Wisconsin 614
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