Loading…
CME December lean hog futures fell to a contract low of 57.425 cents per pound before settling at 58.600 cents, down 27.5% since late July. February and April 2027 hog contracts also hit contract lows.
Live cattle and feeder cattle futures also slid to multi-week lows amid doubts over demand for high-priced US beef.
Weak US pork demand, squeezed by high gasoline costs and weaker exports to China and Mexico, is pressuring hog prices despite ample supply, which points to lower feed demand from hog producers. Softer beef demand also weighs on the cattle complex.
thepigsite.comMelanie EppNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
