USDA National Daily Direct Morning Hog Report 01/12 11:00
01/12/2026 | 11:00 am CST USDA National Daily Direct Morning Hog Report 01/12 11:00
LSDLM_HG216
Des Moines, IA Mon, Jan 12, 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 2,225 975 1,723 734
Other Market Formula 28,866 27,686 80,439 35,659
Swine/Pork Market Formula 170,140 156,619 210,936 113,608
Other Purchase Arrangement 203,471 201,035 216,735 90,098
Negotiated Formula 495 495 1,052 160
Pack. Sold (all purchase types) 45,801 45,801 50,376 38,899
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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 185
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 185
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 30,224 19,015 26,395 3,829
Lowest Base Price 75.42 75.75
Highest Base Price 104.08 104.08
Weighted Average Price 82.70 89.50
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 185,025 113,245 132,423 48,121
Lowest Base Price 69.33 70.58 70.58 69.33
Highest Base Price 86.78 84.93 84.93 86.78
Weighted Average Price 79.87 79.57 79.32 81.18
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 202,927 174,219 176,679 25,449
Lowest Base Price 73.86 73.86 73.86 74.44
Highest Base Price 99.53 88.96 88.96 99.53
Weighted Average Price 79.18 78.47 78.57 83.30
Change from Previous Day
Negotiated (live basis)
Head Count 790
Lowest Base Price 47.25
Highest Base Price 53.50
Weighted Average Price 51.01
Change from Previous Day -1.06
Negotiated Formula (live basis)
Head Count 495
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,285
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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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
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CARCASS WEIGHT DIFFERENTIALS
145# 175# 205#
155# 185# 215#
165# 195# 225#
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 4,083 Iowa 242,581
Illinois 15,001 Indiana 17,254
Kansas 2,264 Kentucky 2,342
Michigan 9,367 Minnesota 66,640
Missouri 3,705 Montana 679
North Carolina 7,968 North Dakota 185
Nebraska 19,474 Ohio 25,725
Oklahoma 1,896 Pennsylvania 6,948
South Dakota 6,329 Wisconsin 170
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