
The US pork cutout closed November 6 at $70.65 per hundredweight, up $0.55 from the prior Friday, while December lean hog futures fell $5.35 over the week to $53.525. Estimated weekly slaughter was about 2.664 million head, and weekly net pork export sales exceeded their recent four-week average.
Large slaughter volumes sustain abundant pork supplies and weigh on hog prices, although firmer cutout values and export sales provide some support. A lasting recovery depends on steadier product values and stronger cash-market performance.
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.