USDA National Daily Direct Morning Hog Report 02/20 10:45
02/20/2026 | 10:45 am CST USDA National Daily Direct Morning Hog Report 02/20 10:45
LSDLM_HG216
Des Moines, IA Fri, Feb 20, 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 2,327 1,827 1,490 2,307
Other Market Formula 25,764 25,424 26,624 16,288
Swine/Pork Market Formula 113,476 100,462 114,725 91,897
Other Purchase Arrangement 53,298 49,326 52,815 44,967
Negotiated Formula 165 165 410 325
Pack. Sold (all purchase types) 27,221 27,221 19,704 23,420
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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 1,353
Lowest Base Price 86.00
Highest Base Price 92.00
Weighted Average Price 88.96
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 1,353
Lowest Base Price
Highest Base Price
Weighted Average Price
Change from Previous Day
Other Market Formula (carcass basis)
Head Count 24,814 14,857 18,612 6,202
Lowest Base Price 77.32 81.26
Highest Base Price 95.20 94.95
Weighted Average Price 88.02 88.43
Change from Previous Day
Swine/Pork Market Formula (carcass basis)
Head Count 119,667 70,409 81,782 32,804
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 87.34 87.29 87.16 87.67
Change from Previous Day
Other Purchase Arrangement (carcass basis)
Head Count 48,294 29,947 31,553 14,772
Lowest Base Price 80.71 80.71 80.71 81.46
Highest Base Price 104.17 96.01 96.01 104.17
Weighted Average Price 87.85 87.70 87.94 87.71
Change from Previous Day
Negotiated (live basis)
Head Count 474
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 639
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# -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 - $92.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Canada 5,813 Colorado 156
Iowa 78,684 Idaho 167
Illinois 16,044 Indiana 6,186
Kansas 1,150 Kentucky 2,554
Michigan 7,375 Minnesota 38,070
Missouri 2,934 North Carolina 7,537
North Dakota 170 Nebraska 11,253
Ohio 12,132 Oklahoma 1,889
Pennsylvania 5,164 South Dakota 3,827
Tennessee 2,475 Texas 515
Wisconsin 330
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