USDA National Daily Direct Hog Prior Day Report 02/20 08:00
02/20/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 02/20 08:00
LM_HG218
Des Moines, IA Fri, Feb 20, 2026
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 3,143 3,059 2,525
Other Market Formula 26,719 25,307 25,871
Swine/Pork Market Formula 131,258 129,946 130,873
Other Purchase Arrangement 221,407 55,718 51,778
Negotiated Formula 245 325
Pack. Sold (all purchase types) 29,512 20,781 28,798
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 2,245 24,179 125,618 218,305 370,347
Base Price 90.11 87.65 87.13 84.37 85.56
Packer Sold
Head Count 29,393
Base Price 87.36
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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 2,245
Lowest Base Price 81.00
Highest Base Price 92.00
Weighted Average Price 90.11 90.56 90.51
Negotiated Formula (carcass basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 2,245
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 27,279 16,567 21,509 5,770
Lowest Base Price 77.32
Highest Base Price 95.20
Weighted Average Price 88.15
Swine/Pork Market Formula (carcass basis)
Head Count 149,956 83,415 99,426 44,120
Lowest Base Price 78.49 78.49 78.49 80.06
Highest Base Price 95.77 95.77 95.77 91.98
Weighted Average Price 87.04 87.17 87.09 86.75
Other Purchase Arrangement (carcass basis)
Head Count 220,419 201,972 203,748 14,631
Lowest Base Price 80.06 80.71 80.71 80.06
Highest Base Price 104.17 96.01 96.01 104.17
Weighted Average Price 84.42 84.14 84.21 87.03
Negotiated (live basis)
Head Count 737
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 737
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -13.00 175# -8.85 1.00 205# .00 4.00
155# -30.00 -5.00 185# -1.50 1.50 215# -8.00 4.00
165# -25.00 .00 195# .00 3.00 225# -30.00 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog217.59 lb carcass .66 inch back-fat
8.33 square inch loin 2.77 inch loin depth FFLI: 53.36
Price Range $87.00 - $93.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 6,718 Colorado 156
Georgia 1 Iowa 258,194
Illinois 18,929 Indiana 15,842
Kansas 1,977 Kentucky 3,187
Michigan 6,151 Minnesota 46,473
Missouri 2,732 North Carolina 7,537
North Dakota 375 Nebraska 12,437
Ohio 12,730 Oklahoma 1,988
Pennsylvania 4,673 South Dakota 8,711
Tennessee 2,475 Texas 582
Wisconsin 330
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