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Lean hog futures traded mixed, with nearby December up 52 cents and other front months down 20 to 25 cents. USDA's national base hog price was reported at $47.07 and the CME Lean Hog Index fell 82 cents to $65.75 on October 29.
Federally inspected hog slaughter for Monday was estimated at 492,000 head, slightly below the same week last year.
Cash hog prices continuing lower signal weaker pork demand relative to supply, which pressures lean hog futures and reduces the value of hogs as a feed-buying signal. Softer hog margins may also trim feed demand from producers.
barchart.comAustin SchroederNov 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.
