# Hogs Break Down to New Low, By Ben DiCostanzo, Senior Market Strategist Walsh Trading, Inc. November 3rd 2026

> 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.

- Date: 2026-11-03 · published 2026-11-03T15:57:18.574Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/78043-hogs-break-down-to-new-low-by-ben-dicostanzo-senior-market-strategist-walsh
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bearish ▼

## Sources

- swineweb.com: https://swineweb.com/hogs-break-down-to-new-low-by-ben-dicostanzo-senior-market-strategist-walsh-trading-inc-november-3rd-2026/

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