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December lean hogs opened lower, rallied to 60.475, then reversed and fell to a new low of 57.775 before settling at 58.175. Analyst commentary links the decline to strong production and weak US consumer demand, with futures at their lowest since 2020.
Pork exports, led by Mexico, have supported the market.
Strong hog production combined with weak domestic demand keeps downward pressure on hog prices, while firm export sales to Mexico provide some offset for feed demand. Peak seasonal supplies are still expected in the coming month, so the price outlook stays soft.
swineweb.comJim EadieNov 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.
