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CME lean hog futures hit life-of-contract lows on Monday, with December futures closing at 58.175 cents per pound after touching 57.775. April 2027 futures also set contract lows, and live cattle December futures fell to their lowest since October 5 while January feeder cattle ended slightly higher.
Heavy hog supplies combined with weak domestic and export pork demand, including China's oversupply hurting US exports, point to continued downward pressure on hog and pork prices for feed buyers. Feeder cattle and live cattle moved in different directions, with no clear cattle-wide trend.
squawknews.comSquawkNews DeskNov 2, 2026
livemint.comReutersNov 2, 2026
thepigsite.comMelanie EppNov 3, 2026Not enough comparable past events yet for a historical read.
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.
