USDA National Daily Direct Morning Hog Report 01/28 10:55
01/28/2026 | 10:55 am CST USDA National Daily Direct Morning Hog Report 01/28 10:55
LSDLM_HG216
Des Moines, IA Wed, Jan 28, 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 5,916 4,666 4,013 4,795
Other Market Formula 15,429 15,053 21,406 21,259
Swine/Pork Market Formula 114,020 100,531 98,783 88,319
Other Purchase Arrangement 50,611 46,656 58,122 52,147
Negotiated Formula 268 268 415 990
Pack. Sold (all purchase types) 27,888 27,888 30,141 26,418
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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 4,325
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (carcass basis)
Head Count 100
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 4,425
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 13,882 8,331 11,501 2,381
Lowest Base Price 70.88 82.11
Highest Base Price 103.95 103.95
Weighted Average Price 85.54 92.04
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 119,478 63,608 76,957 35,261
Lowest Base Price 78.01 78.01 78.01 79.01
Highest Base Price 90.94 89.04 89.04 90.94
Weighted Average Price 84.72 84.71 84.59 84.96
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 46,714 29,546 31,009 14,425
Lowest Base Price 70.62 75.04 75.04 70.62
Highest Base Price 99.48 94.65 94.65 99.48
Weighted Average Price 86.76 86.69 86.81 86.63
Change from Previous Day
Negotiated (live basis)
Head Count 318
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 168
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 486
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 6,715 Iowa 67,371
Idaho 167 Illinois 15,203
Indiana 12,187 Kansas 1,296
Kentucky 975 Michigan 5,930
Minnesota 38,382 Missouri 1,956
North Carolina 7,586 North Dakota 170
Nebraska 13,125 Ohio 11,347
Oklahoma 2,490 Pennsylvania 4,969
South Dakota 4,365 Wisconsin 828
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