# Lean hogs hit contract lows as consumers pull back on pork - CME

> 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.

- Date: 2026-11-04 · published 2026-11-04T21:07:14.271Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80441-lean-hogs-hit-contract-lows-as-consumers-pull-back-on-pork-cme
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2026/11/cattle-futures-extend-slide-on-doubts-over-costly-us-beef-cme

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.