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October lean hog futures rose $1.775 to $83.675, hitting a three-week high. The cash hog index fell to $91.52 and the pork cutout rose $3.49 to $99.55.
Cattle stability over the prior three sessions also supported hog futures.
Futures strength driven by short covering and a firmer cutout suggests a possible near-term bottom, but falling cash hog prices keep the underlying price trend weak.
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.