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December Lean Hogs broke to their lowest level since 2020 and settled near 58.18 after a failed rally. Analysts blame strong production and weak US consumer demand for weak cash prices, with funds building large short positions ahead of peak seasonal supply.
Heavy hog supply and soft domestic pork demand push prices lower, which lowers the value of hogs for producers and may cut their feed purchases. Export strength, especially to Mexico, is the main support for the market.
walshtrading.comBen DiCostanzoNov 2, 2026
barchart.comBen DiCostanzoNov 2, 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.
