USDA National Daily Direct Afternoon Hog Report 02/18 14:55
02/18/2026 | 2:55 pm CST USDA National Daily Direct Afternoon Hog Report 02/18 14:55
LSDLM_HG217
Des Moines, IA Wed, Feb 18, 2026
DAILY DIRECT AFTERNOON 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 10,084 10,084 4,330 8,076
Other Market Formula 20,226 20,226 26,322 20,294
Swine/Pork Market Formula 128,047 128,047 146,685 126,387
Other Purchase Arrangement 56,806 56,806 70,227 57,272
Negotiated Formula 1,453 1,453 1,210 165
Pack. Sold (all purchase types) 32,466 32,466 34,475 31,658
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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 8,246
Lowest Base Price 78.00
Highest Base Price 92.00
Weighted Average Price 88.34 90.90 78.71
Change from Previous Day .11 2.67
Negotiated Formula (carcass basis)
Head Count 1,375
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 9,621
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 21,003 11,924 17,549 3,454
Lowest Base Price 77.51 80.63
Highest Base Price 102.20 92.53
Weighted Average Price 87.09 85.69
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 147,642 82,329 98,773 43,314
Lowest Base Price 78.72 79.02 78.72 78.72
Highest Base Price 93.98 92.73 92.73 93.98
Weighted Average Price 86.35 86.14 86.07 86.77
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 57,588 31,567 33,266 22,231
Lowest Base Price 79.26 79.26 79.26 80.05
Highest Base Price 98.19 95.20 95.20 98.19
Weighted Average Price 87.38 87.87 87.97 86.35
Change from Previous Day
Negotiated (live basis)
Head Count 928
Lowest Base Price 62.00
Highest Base Price 70.00
Weighted Average Price 66.79
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 1,006
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
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DAILY DIRECT AFTERNOON HOG REPORT (PDF) (LSDLM_HG217) 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# -25.00 -13.00 175# -8.85 .00 205# .00 4.00
155# -25.00 -5.00 185# -1.50 .00 215# -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 Hog8 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.64
Price Range $78.00 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 8,004 Iowa 82,041
Illinois 18,285 Indiana 14,365
Kansas 1,673 Kentucky 1,279
Michigan 9,244 Minnesota 51,284
Missouri 2,705 North Carolina 7,447
North Dakota 333 Nebraska 16,600
New York 160 Ohio 19,428
Oklahoma 1,898 Pennsylvania 7,063
South Dakota 6,069 Wisconsin 1,204
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