# CME lean hogs hit one-week low, pork belly values fall

> CME lean hog futures fell to a one-week low on Nov. 5 as profit-taking followed a rally of roughly 38% from mid-July to early November. Pork belly values also weakened, and the USDA pork carcass cutout dropped $2.58 to $101.43 per cwt. Analysts said the market may be nearing a top.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27569-cme-lean-hogs-hit-one-week-low-pork-belly-values-fall
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Profit-taking after a sharp rally and weaker cutout values point to lower hog prices in the near term, which eases pressure on hog-feed margins. Traders are also watching the peso, since a stronger peso could support US ham exports.

## Read by commodity

- HOGS: bearish ▼

## Sources

- livemint.com: https://www.livemint.com/news/cme-lean-hogs-hit-one-week-low-pork-belly-values-fall-11730847332041.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.