# Hogs Fall on Wednesday, with Pork Hitting Another 6-Year low

> Lean hog futures fell $1.05 to $1.87 on Wednesday, with the USDA national base hog price down $2.90 to $42.49 and the CME Lean Hog Index down 76 cents to $64.99 on November 2. The pork carcass cutout dropped $3.14 to $69.29, its lowest since December 2020, while US pork exports in September totaled 514.5 million lbs, down 5.7% year on year.

- Date: 2026-11-04 · published 2026-11-05T00:07:20.639Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80635-hogs-fall-on-wednesday-with-pork-hitting-another-6-year-low
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A cutout at its lowest level since 2020 and weak export volumes reduce packer demand for hogs, pulling live hog futures lower and reducing producer incentive to expand herds, which trims future feed demand. Pressure is broad across primals, so the bearish price trend is likely to persist near term.

## Read by commodity

- HOGS: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/8659598/hogs-fall-on-wednesday-with-pork-hitting-another-6-year-low

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