USDA National Daily Direct Morning Hog Report 01/15 10:50
01/15/2026 | 10:50 am CST USDA National Daily Direct Morning Hog Report 01/15 10:50
LSDLM_HG216
Des Moines, IA Thu, Jan 15, 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 2,117 867 1,229 1,794
Other Market Formula 51,676 50,712 15,487 29,372
Swine/Pork Market Formula 109,635 94,874 97,983 84,384
Other Purchase Arrangement 56,236 52,228 54,337 47,590
Negotiated Formula 514 514 155 165
Pack. Sold (all purchase types) 31,542 31,542 27,480 21,545
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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 150
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 150
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 49,401 10,314 13,580 35,821
Lowest Base Price 77.56 79.05
Highest Base Price 105.85 105.85
Weighted Average Price 88.23 90.64
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 117,143 64,746 77,215 35,957
Lowest Base Price 68.56 68.56 68.56 73.34
Highest Base Price 85.83 84.70 84.70 85.83
Weighted Average Price 80.37 80.31 80.20 80.73
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 52,591 34,388 36,356 16,235
Lowest Base Price 74.95 74.95 74.95 76.13
Highest Base Price 105.21 89.20 89.20 105.21
Weighted Average Price 82.76 81.80 81.93 84.62
Change from Previous Day
Negotiated (live basis)
Head Count 717
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 514
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,231
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 2,618 Iowa 69,312
Idaho 167 Illinois 19,142
Indiana 13,029 Kansas 1,739
Kentucky 4,867 Michigan 7,623
Minnesota 40,888 Missouri 3,056
North Carolina 7,959 North Dakota 175
Nebraska 12,321 New York 320
Ohio 15,161 Oklahoma 1,876
Pennsylvania 5,015 South Dakota 3,329
Tennessee 21,815 Wisconsin 325
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