
Pro Farmer reported December lean hogs fell 87.5 cents to $82.40, near the session low, after a two-month low. Cattle futures also fell to limit-down levels, weighing on hogs.
Falling cash hog prices and cattle weakness pressure hog futures, while feed buyers are advised to cover needs given the market's downtrend.
Not enough comparable past events yet for a historical read.
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.
A Trump post on Oct 22 sent cattle futures toward limit-down, an early sentiment shock from beef price intervention in the window.