December lean hog futures rose $0.30 to $55.45 on Nov. 13 and gained $1.925 for the week, though futures remain in a daily downtrend.
The CME lean hog index fell $1.00 to $58.78, and USDA reported weekly pork export sales of 39,500 MT for the week ended Nov. 5.
Hog futures are at a six-year low for the month, and falling cash hog prices weigh on feed demand expectations for buyers. Feed costs are flagged as a key winter consideration for producers, so buyers should watch for any shift in holiday pork demand or export interest.
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.