Hog Futures Market Sees Mixed Trading, Downward Trend in Prices
Update: 2025-11-12
Description
On November twelfth, the lean hog futures market experienced a volatile day, with some contracts plummeting by forty-two cents and others rising by forty cents. The USDA reported a national base hog price drop of one dollar and eighty-three cents to eighty-two dollars and twelve cents. The CME Lean Hog Index continued its downward trend, falling another sixty-four cents to eighty-nine dollars and forty-one cents. The USDAs pork carcass cutout value also decreased significantly, except for the rib cut, which showed an increase. The total federally inspected hog slaughter reached four hundred sixty thousand head, a notable increase from last week and last year, suggesting a robust supply of hogs entering the market and potentially contributing to the downward pressure on prices.
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