USDA National Daily Direct Morning Hog Report 02/04 10:55
02/04/2026 | 10:55 am CST USDA National Daily Direct Morning Hog Report 02/04 10:55
LSDLM_HG216
Des Moines, IA Wed, Feb 04, 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 4,454 3,204 4,666 2,704
Other Market Formula 13,196 12,788 15,053 20,495
Swine/Pork Market Formula 98,211 82,583 100,531 90,821
Other Purchase Arrangement 49,464 45,516 46,656 55,081
Negotiated Formula 268
Pack. Sold (all purchase types) 25,313 25,313 27,888 25,094
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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 2,480
Lowest Base Price 82.00
Highest Base Price 88.00
Weighted Average Price 86.29 86.31 86.31
Change from Previous Day .02 -.05 .04
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 2,480
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 12,379 7,232 10,267 2,112
Lowest Base Price 73.08 77.63
Highest Base Price 109.35 109.35
Weighted Average Price 84.81 88.61
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 97,452 55,125 60,414 31,321
Lowest Base Price 77.87 79.71 79.71 77.87
Highest Base Price 92.12 90.57 91.09 92.12
Weighted Average Price 87.03 86.82 86.88 87.33
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 46,224 28,695 29,815 15,921
Lowest Base Price 79.59 79.59 79.59 80.89
Highest Base Price 98.56 94.76 94.76 98.56
Weighted Average Price 87.60 87.83 87.92 86.98
Change from Previous Day
Negotiated (live basis)
Head Count 678
Lowest Base Price 63.00
Highest Base Price 68.60
Weighted Average Price 64.53
Change from Previous Day
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 678
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# -30.00 -13.00 175# -4.00 1.00 205# .00 4.00
155# -30.00 -10.00 185# -1.50 1.50 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog4 lb carcassnch back-fatre inch loinh loin
depthFFLI: 50.99
Price Range $85.00 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,048 Iowa 61,135
Idaho 167 Illinois 13,778
Indiana 6,736 Kansas 176
Kentucky 1,243 Michigan 4,639
Minnesota 33,276 Missouri 1,942
North Carolina 9,463 North Dakota 170
Nebraska 7,774 New York 160
Ohio 13,452 Oklahoma 1,894
Pennsylvania 5,495 South Dakota 2,144
Wisconsin 712
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