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The West Corn Belt lean carcass value fell $15/cwt to average $44.85/cwt in the week ending Nov. 7.
Sterling's farrow-to-finish margin averaged -$44.85 per head, a $30 drop, while packer margins rebounded to about $46 per head.
Weak hog values deepen producer losses and may curb herd rebuilding, while the packer rebound signals softer carcass prices feeding into lower hog demand for feed.
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.