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December Lean Hogs opened higher, traded to 82.875, then reversed to a low of 82.05 and settled at 82.075, making a new low for the down move. Open interest declined as long positions liquidated, and cash hog prices continue to break down from their highs.
Expectations for rising seasonal slaughter and heavier weights point to growing pork supply, and packers are cutting bids as the cutout falls, which pressures hog prices lower and weighs on feed demand from hog producers.
swineweb.comJim EadieOct 21, 2025Not 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.
Hogs made a new low for the down move on Oct 21 as long positions liquidated and cash prices broke down, which reflects fund selling and weak cash.
