USDA National Daily Direct Morning Hog Report 02/18 10:45
02/18/2026 | 10:45 am CST USDA National Daily Direct Morning Hog Report 02/18 10:45
LSDLM_HG216
Des Moines, IA Wed, Feb 18, 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 2,570 2,070 3,764 6,442
Other Market Formula 15,830 15,490 22,445 18,458
Swine/Pork Market Formula 99,781 84,145 101,089 79,656
Other Purchase Arrangement 46,157 41,887 53,778 46,909
Negotiated Formula 78 78 165
Pack. Sold (all purchase types) 24,472 23,388 27,368 25,218
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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 855
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 855
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 14,737 10,128 13,713 1,024
Lowest Base Price 77.51 86.18
Highest Base Price 102.20 92.53
Weighted Average Price 87.98 88.88
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 96,982 55,914 62,963 28,788
Lowest Base Price 78.72 81.12 78.72 78.72
Highest Base Price 93.98 92.73 92.73 93.98
Weighted Average Price 87.33 87.05 87.15 87.62
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 42,289 24,430 25,794 15,218
Lowest Base Price 79.96 79.96 79.96 82.12
Highest Base Price 98.19 95.20 95.20 98.19
Weighted Average Price 88.60 89.14 89.24 87.49
Change from Previous Day
Negotiated (live basis)
Head Count 795
Lowest Base Price 62.00
Highest Base Price 69.75
Weighted Average Price 66.36
Change from Previous Day
Negotiated Formula (live basis)
Head Count 78
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 873
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 5,816 Iowa 57,112
Illinois 14,913 Indiana 6,530
Kansas 833 Kentucky 1,148
Michigan 5,364 Minnesota 34,908
Missouri 2,370 North Carolina 7,447
North Dakota 333 Nebraska 8,940
New York 160 Ohio 10,743
Oklahoma 1,898 Pennsylvania 5,190
South Dakota 2,584 Wisconsin 769
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