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Weak US Pork Demand Drives CME Hogs to Contract Lows

Weak demand for US pork drove CME hog futures to contract lows.

SquawkNews Desk 1 updates Updated Nov 03, 2026, 10:33 PM UTC

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10:33:35 PM UTC
SquawkNews
By Tom PolansekLean hog futures dropped to life-of-contract lows on the Chicago Mercantile Exchange on Tuesday due to anemic demand for US pork.Demand has suffered because US consumers are being pinched by high costs for gasoline and worry that pork is dry and lacks flavor when cooked, analysts sai…

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