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Lean hog futures closed mixed on Wednesday, with contracts down 35 to 50 cents. USDA's national base hog price fell $2.32 to $37.52, and the pork cutout dropped 18 cents to $69.34.
Weekly federally inspected slaughter reached 1.453 million head, 18,000 fewer than the prior week.
Lower cash hog prices and a softer cutout reduce the value of hogs to packers and weaken near-term hog futures. Slaughter running above last year supports ample pork supply, which keeps pressure on hog prices.
barchart.comAustin SchroederNov 11, 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.
