Hogs Close Mixed on Thursday
Update: 2025-10-31
Description
Lean Hog Futures Close Lower: Demand and Supply Trends in the Pork MarketLean hog futures mostly closed lower on October 31st, with the December contract up just a nickel. The national base hog price and CME Lean Hog Index also fell, indicating less demand or increased supply. Slaughter numbers were slightly down, suggesting a slowing market. However, ribs and bellies prices remained strong, hinting at ongoing buyer interest or promotions. Most futures contracts ended down, with the December contract up by just five cents. The broader livestock market, including beef and poultry, is closely watched for any signs of bigger trends.
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