Lean hog futures closed higher across the board on Friday, with the December contract gaining 1.92 dollars for the week. USDA reported 2026 weekly pork export sales of 39,485 tonnes for the week ended November 5, up from the prior week, with actual shipments at 36,504 tonnes.
The USDA national base hog price rose 3.46 dollars to 43.10 dollars per hundredweight, and federally inspected slaughter was estimated at 2.719 million head, 72,000 below the prior week but above a year earlier.
Stronger export demand and a firmer cash hog price support lean hog futures in the short term, which signals better margins for pork producers and a firmer outlook for hog feed demand.
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.