# Hogs Break Down to New Low

> 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.

- Date: 2026-11-02 · published 2026-11-03T00:07:30.596Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/76389-hogs-break-down-to-new-low
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bearish ▼

## Sources

- walshtrading.com: https://walshtrading.com/hogs-break-down-to-new-low-2/
- barchart.com: https://www.barchart.com/story/news/8601546/hogs-break-down-to-new-low

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