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Lean hog prices recovered moderately from two days of sharp weakness, though October stayed inside the prior day's range. Open interest fell more than 7,200 contracts to a new 2026 low, and hog area under drought rose 11% this week before forecast rains are expected to reduce it.
Falling open interest and easing drought expectations point to limited near-term hog price momentum, though a moderate rebound offers some support.
agupdate.comJul 31, 2026Not 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.
