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December lean hog futures settled at $62.025 per hundredweight on October 27, the lowest nearby close since December 2020. Cash hog prices, the CME Lean Hog Index and the pork cutout have also fallen sharply, with weak wholesale pork demand cited as the main cause.
Soft pork demand and heavy cold storage stocks push hog prices lower despite a smaller US herd, which weighs on hog-feed demand and suggests continued pressure on lean hog prices.
schwab.comMichael ZarembskiNov 3, 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.
