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Lean hog futures closed mixed, with most contracts lower while the December contract gained 42 cents to $58.60. USDA's national base hog price fell $4.62 to $45.39, and the CME Lean Hog Index slipped to $65.75 on October 29.
The pork carcass cutout rose 15 cents to $72.43.
Lower cash hog prices and a weekly slaughter pace slightly above last year point to ample pork supply, which weighs on hog futures; the December gain is contract-specific rather than a broad rally. Feed buyers see little change in demand signals from this routine wrap.
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.
