
December lean hog futures set another contract low, closing down 2.45 cents per pound, as plentiful hog supplies and poor U.S. pork demand pressured the market. Average hog weights rose to 293.5 pounds in the week ended October 31, while cash cattle prices weakened and cattle futures also fell.
Heavier hog weights increase pork output per animal, adding to available supply alongside weak demand and pressuring hog prices. Softer cash cattle trade and lower livestock cutout values also weigh on cattle markets.
Not 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.