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December lean hog futures rose $2.35 on Monday after falling to contract lows the previous week, with short covering, bargain hunting and stronger stock markets supporting the rebound. Cash hog prices and the CME cash index continued to decline, although the USDA’s midday pork cutout value increased by $0.92.
The futures bounce reflects renewed buying after steep losses, but continued declines in cash hog prices and the cash index temper the signal of stronger underlying demand. The move offers limited evidence of a sustained price recovery.
profarmer.comPro Farmer EditorsNov 9, 2026Not 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.
