# Livestock Analysis | Hogs start the week with another contract low - Pro Farmer

> December lean hog futures fell $0.70 to $58.175 and hit another contract low on Monday. The CME lean hog index fell to $66.57 and the national cash average to $59.44, while pork cutout rose $2.36 to $72.46.

- Date: 2026-11-02 · published 2026-11-02T21:25:44.234Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/76183-livestock-analysis-hogs-start-the-week-with-another-contract-low-pro-farmer
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower hog prices reduce the value of finished animals and signal weaker demand for hog feed, which is a bearish signal for feed buyers' hog-sector customers. Feed buyers are advised to cover soymeal needs as prices may dip on fall harvest pressure.

## Read by commodity

- SBM: neutral
- HOGS: bearish ▼

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/livestock-analysis/livestock-analysis-hogs-start-week-another-contract-low

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