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December lean hogs fell 67.5 cents to $77.90, a six-month low, as technical selling continued amid falling cash hog prices and declining pork cutout values. The CME lean hog index dropped to $87.00.
Falling cash hog prices and pork cutout values signal weaker demand for hogs and feed, supporting a bearish hog price outlook into the feed buying season.
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.