USDA National Daily Direct Morning Hog Report 01/05 10:45
01/05/2026 | 10:45 am CST USDA National Daily Direct Morning Hog Report 01/05 10:45
LSDLM_HG216
Des Moines, IA Mon, Jan 05, 2026
DAILY DIRECT MORNING HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold
Negotiated 2,973 1,723 1,614 944
Other Market Formula 80,779 80,439 34,231 33,735
Swine/Pork Market Formula 218,476 210,936 161,864 187,789
Other Purchase Arrangement 218,679 216,735 165,910 198,449
Negotiated Formula 1,052 1,052 424 895
Pack. Sold (all purchase types) 50,376 50,376 39,699 55,185
--------------------------------------------------------------------------------
Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
---------------------------------------------
Negotiated (carcass basis)
Head Count 265
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 70
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 335
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 82,615 22,291 31,460 51,155
Lowest Base Price 75.29
Highest Base Price 104.35
Weighted Average Price 94.75
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 238,403 141,322 164,599 68,130
Lowest Base Price 68.86 70.59 70.59 68.86
Highest Base Price 88.95 87.00 87.00 88.95
Weighted Average Price 81.10 80.86 80.71 81.96
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 215,146 185,142 188,697 25,640
Lowest Base Price 68.10 68.10 68.10 73.11
Highest Base Price 104.68 89.84 89.84 104.68
Weighted Average Price 79.76 79.04 79.13 84.19
Change from Previous Day
Negotiated (live basis)
Head Count 980
Lowest Base Price 48.00
Highest Base Price 55.50
Weighted Average Price 53.56
Change from Previous Day
Negotiated Formula (live basis)
Head Count 982
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,962
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
--------------------------------------------------------------------------------
DAILY DIRECT MORNING HOG REPORT (PDF) (LSDLM_HG216) DAILY
DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on both Fat and Muscle Measurements for a 200 lb Carcass Basis
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# 175# 205#
155# 185# 215#
165# 195# 225#
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,568 Iowa 273,816
Illinois 28,366 Indiana 29,056
Kansas 2,877 Kentucky 2,653
Michigan 8,520 Minnesota 78,689
Missouri 6,420 Montana 681
North Carolina 15,442 North Dakota 512
Nebraska 25,170 Ohio 19,828
Oklahoma 1,835 Pennsylvania 3,963
South Dakota 6,880 Tennessee 50,000
Wisconsin 985
--------------------------------------------------------------------------------
[0600059D]