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Lean hog futures fell on Friday, with December losing $6.70 over the week and open interest rising by 4,468 contracts. USDA's national base hog price was $60.29, down $3.49 from the prior day, and the pork cutout was down 59 cents at $70.10.
Weekly selling and a lower cash hog price signal softer hog margins and weaker feed demand ahead.
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.