USDA National Daily Direct Morning Hog Report 01/21 10:50
01/21/2026 | 10:50 am CST USDA National Daily Direct Morning Hog Report 01/21 10:50
LSDLM_HG216
Des Moines, IA Wed, Jan 21, 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 4,513 4,013 1,832 5,182
Other Market Formula 22,050 21,406 20,728 18,571
Swine/Pork Market Formula 114,641 98,783 84,400 118,555
Other Purchase Arrangement 61,610 58,122 45,989 54,107
Negotiated Formula 415 415 330 470
Pack. Sold (all purchase types) 30,141 30,141 25,212 26,642
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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 2,405
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 200
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,605
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 20,431 8,394 11,724 8,707
Lowest Base Price 72.21 76.08
Highest Base Price 108.03 108.03
Weighted Average Price 82.42 81.51
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 117,614 67,246 77,635 34,421
Lowest Base Price 69.78 69.78 69.78 76.42
Highest Base Price 87.87 86.65 86.87 87.87
Weighted Average Price 82.20 82.11 81.98 82.66
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 59,517 38,352 39,842 18,202
Lowest Base Price 73.58 73.58 73.58 77.50
Highest Base Price 104.84 91.75 91.75 104.84
Weighted Average Price 83.53 82.79 82.88 84.83
Change from Previous Day
Negotiated (live basis)
Head Count 1,054
Lowest Base Price 51.50
Highest Base Price 63.95
Weighted Average Price 60.71
Change from Previous Day
Negotiated Formula (live basis)
Head Count 215
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 1,269
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 5,928 Iowa 80,297
Illinois 16,617 Indiana 15,337
Kansas 851 Kentucky 1,208
Michigan 6,930 Minnesota 37,872
Missouri 655 North Carolina 7,381
North Dakota 170 Nebraska 12,642
New York 160 Ohio 15,019
Oklahoma 1,889 Pennsylvania 4,684
South Dakota 3,653 Wisconsin 770
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