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December 2026 CME lean hog futures closed lower on Thursday, settling at 55.150 cents per pound after dropping 0.875 cents. The USDA pork carcass cutout sits just 15 cents above last week's level, which was the lowest since December 2020.
Third-quarter slaughter running about 10% higher and carcass weights about 3% heavier have saturated processing channels and weighed on cash bids and primal values. Lower feed costs (December corn at $4.42½, soybean meal at $325.40) offer some relief, but depressed hog prices keep pressure on the outlook for hog prices.
swineweb.comJim EadieNov 13, 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.
