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Lean hog futures extended their slide midday, with contracts $2.50 to $3.22 lower. USDA's national base hog price fell $1.21 to $40.29 and the CME Lean Hog Index dropped to $63.93 on November 3.
Weaker cash hog prices and lower futures signal ample pork supply relative to demand, which reduces hog-based feed demand and pressures lean hog margins for producers.
barchart.comAustin SchroederNov 5, 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.
