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December lean hog futures fell $0.875 to $55.15 on technical selling, and the CME lean hog index dropped $0.21 to $59.78. The USDA pork cutout fell $0.28 to $69.06, led by picnics.
Pro Farmer advised buyers to stay covered on feed needs.
Lower hog prices reduce pork producers' margins and near-term feed demand, though early signs of a bottom could support feed buying later.
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.