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The US pork cutout closed at $80.55 per cwt, nearly unchanged from the prior week. National negotiated cash hog prices fell to $67.09 per cwt, the CME Lean Hog Index declined to $75.09, and December lean hog futures settled at $66.925.
Managed money increased its net short position to 42,088 contracts.
Weakening cash hogs and a growing speculative net short point to lower hog prices, lowering the cost of pork-based inputs and reducing meat and bone meal supply pressure.
swineweb.comOct 19, 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.
Same-day brief shows falling negotiated cash hogs ($67.09), a declining CME Lean Hog Index and managed money adding to net shorts, pointing to weak cash fundamentals and bearish speculative sentiment pressuring futures.
Falling cash hogs and CME Lean Hog Index, flat cutout, and growing managed money net short position show weak fundamentals and bearish speculative positioning pressuring futures.
Cash hogs, the CME Lean Hog Index and December futures fell while managed money increased its net short, showing fund-driven selling pressure.
Falling cash and index plus rising managed money net short position added selling pressure.
Falling cash and index prices with growing managed money net short positioning set a bearish backdrop.
