CME lean hog futures fell for the seventh time in eight sessions and hit contract lows as pork demand weakened, while cash pork prices dropped to their lowest since April 2023. September CPI rose 3.7% year over year, driven largely by soaring energy costs, and Allendale's Rich Nelson said consumers are cutting back on pork. December lean hogs settled 1.950 cents lower at 66.075 cents per pound, and the wholesale cash pork cutout fell $1.23 to $79.45 per hundredweight, down 23% from a year ago. December live cattle ended down 1.250 cents at 225.125 cents per pound, and November feeders fell 2.575 cents to 338.450 cents, with tight cattle supplies keeping markets range-bound.
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