USDA National Daily Direct Morning Hog Report 02/03 10:45
02/03/2026 | 10:45 am CST USDA National Daily Direct Morning Hog Report 02/03 10:45
LSDLM_HG216
Des Moines, IA Tue, Feb 03, 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 3,273 2,048 721 1,635
Other Market Formula 19,824 18,940 94,939 18,069
Swine/Pork Market Formula 108,933 92,792 75,198 85,278
Other Purchase Arrangement 57,216 53,426 45,734 50,643
Negotiated Formula 155 155 528 150
Pack. Sold (all purchase types) 25,276 25,276 20,589 25,002
--------------------------------------------------------------------------------
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 2,461
Lowest Base Price 80.00
Highest Base Price 88.00
Weighted Average Price 86.27 86.36 86.27
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 2,461
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 18,707 10,406 13,731 4,976
Lowest Base Price 75.42 82.38
Highest Base Price 112.03 110.80
Weighted Average Price 89.88 99.94
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 107,097 64,923 74,761 27,121
Lowest Base Price 78.72 78.72 78.72 78.72
Highest Base Price 89.96 88.46 88.95 89.96
Weighted Average Price 84.88 84.77 84.60 85.35
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 53,813 34,911 36,031 16,668
Lowest Base Price 79.32 79.32 79.32 80.17
Highest Base Price 99.37 96.78 96.78 99.37
Weighted Average Price 86.04 85.71 85.82 86.36
Change from Previous Day
Negotiated (live basis)
Head Count 387
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 155
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 542
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# -25.00 -13.00 175# -4.00 -1.35 205# .00 4.00
155# -25.00 -10.00 185# -1.50 .00 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 50.71
Price Range $85.50 - $89.50
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,319 Iowa 77,580
Illinois 14,881 Indiana 12,158
Kansas 175 Kentucky 665
Michigan 5,190 Minnesota 35,797
Missouri 2,510 Montana 444
North Carolina 3,553 Nebraska 12,004
Ohio 12,540 Oklahoma 1,895
Pennsylvania 5,701 South Dakota 2,225
--------------------------------------------------------------------------------
[0600059D]