
U.S. lean hog futures fell to contract lows amid weak pork demand and plentiful supplies. U.S. pork exports were down 7% by volume and 14% by value year over year in September, while cash cattle prices fell as much as $11 per hundredweight in Iowa and Nebraska, weighing on live cattle futures to an 11-month low.
Abundant hog supplies and soft domestic and export demand are bearish for lean hog prices; weaker cash cattle prices are also pulling live cattle futures lower.
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.