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December lean hog futures rose $0.425 to $58.60 but hit a new contract low early, while the CME lean hog index fell $0.82 to $65.75. The USDA pork cutout rose $2.24 to $74.52, led by butts, hams and picnics.
Technical analysts describe the hog market as firmly bearish.
Falling cash hog prices and a bearish technical trend point to weaker hog-producer margins and possibly lower hog feed demand. The cutout gain offers only limited support to prices.
profarmer.comPro Farmer EditorsNov 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.
