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CME December lean hog futures hit a life-of-contract low at the open before settling higher on bargain buying, and had lost 13.8% for the month. The CME Lean Hog Index fell to its lowest level since January 2024, and USDA pork carcass values hit their lowest since December 2020.
Cattle futures also fell for a third session on weak cash trade.
Heavy fourth-quarter hog supplies and falling wholesale pork prices are pulling cash and futures lower, which weakens the feed-buying outlook for hog producers and signals softer demand for feed ingredients.
thepigsite.comMelanie EppOct 30, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
