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Lean hog futures closed mixed on Tuesday, with the December contract up 42 cents while nearby and later contracts fell. USDA's national base hog price dropped $4.62 to $45.39, and the CME Lean Hog Index slipped to $65.75 as of October 29.
Routine price commentary with weak cash hog prices and steady slaughter; no new supply or demand shock is reported, so the feed outlook is largely unchanged.
Not 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.