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U.S. lean hog futures continued falling, with the December CME contract closing at 53.525 cents per pound on November 6, down more than 9% for the week. Analysts pointed to weak cash prices, abundant pork supplies, limited Chinese demand, lower Mexican buying, and increased U.S. slaughter.
Ample supplies and weak domestic and export demand are pressuring hog prices, with no clear sign of a near-term reversal. Lower futures values can reduce returns for U.S. hog producers.
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.