USDA National Daily Direct Afternoon Hog Report 02/20 14:45
02/20/2026 | 2:45 pm CST USDA National Daily Direct Afternoon Hog Report 02/20 14:45
LSDLM_HG217
Des Moines, IA Fri, Feb 20, 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 2,219 2,219 2,714 3,156
Other Market Formula 33,579 33,579 28,820 20,575
Swine/Pork Market Formula 151,576 151,576 147,911 142,957
Other Purchase Arrangement 65,530 65,530 69,086 56,313
Negotiated Formula 315 315 550 510
Pack. Sold (all purchase types) 36,710 36,710 28,016 25,760
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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 1,513
Lowest Base Price 86.00
Highest Base Price 92.00
Weighted Average Price 88.96 89.36 89.36
Change from Previous Day -2.08 -2.00 -1.91
Negotiated Formula (carcass basis)
Head Count 150
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,663
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 33,479 16,322 24,252 9,227
Lowest Base Price 77.32 80.95
Highest Base Price 109.80 109.80
Weighted Average Price 87.53 89.37
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 179,214 104,618 125,228 48,905
Lowest Base Price 78.49 78.49 78.49 80.06
Highest Base Price 95.77 95.77 95.77 93.29
Weighted Average Price 86.55 86.33 86.23 87.19
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 64,664 37,974 40,583 20,811
Lowest Base Price 80.71 80.71 80.71 81.46
Highest Base Price 104.17 99.19 99.19 104.17
Weighted Average Price 87.34 87.01 87.35 87.07
Change from Previous Day
Negotiated (live basis)
Head Count 607
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Negotiated Formula (live basis)
Head Count 165
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Combined Negotiated/Negotiated Formula (live basis)
Head Count 772
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# -4.00 .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 Hog9 lb carcassnch back-fatre inch loinh loin
depthFFLI: 53.36
Price Range $88.23 - $96.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 7,114 Colorado 156
Iowa 108,209 Idaho 334
Illinois 17,992 Indiana 17,466
Kansas 1,655 Kentucky 2,554
Michigan 9,620 Minnesota 52,589
Missouri 3,418 North Carolina 7,537
North Dakota 170 Nebraska 18,481
Ohio 19,842 Oklahoma 1,891
Pennsylvania 7,357 South Dakota 10,059
Tennessee 2,475 Texas 515
Wisconsin 495
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