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December lean hog futures settled at 55.45 cents per pound on November 13, gaining 3.6% on the week after a 9.1% drop the week before. Packer margins rose sharply while farrow-to-finish producers continued to report losses of about $48.71 per head.
Weak hog prices and producer losses point to reduced herd sizing and softer demand for hog feed, while the packer margin rebound signals that hog prices may stabilize near current levels.
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.