Hog futures fall 4.3% to $55.10; cattle slip 1.7% Thursday
Published
December hogs settled Thursday at $55.10, down 4.3%, the biggest drop on the board. Live cattle slipped 1.7% to $214.40 and feeders lost 2.1%. With feeding losses at $328 a head, a falling board squeezes feeders and packers both.
Only on AGSIST
On Thursday, Nov 5, 1,720 of the 1,805 elevators AGSIST reads with the same delivery month both days posted a lower cash corn bid than Wednesday, 39 a higher one; 207 changed their basis, 24 weaker and 183 stronger.
46 unchanged; median change 5¢ lower. Biggest state move: Iowa, 5¢ lower (385 elevators). 1 outlier left out.
On Thursday, Nov 5, 1,564 of the 1,569 elevators AGSIST reads with the same delivery month both days posted a lower cash soybean bid than Wednesday, 5 a higher one; 302 changed their basis, 26 weaker and 276 stronger.
0 unchanged; median change 14¢ lower. Biggest state move: Oklahoma, 17¾¢ lower (46 elevators).
Corn basis on Nov 6 ran from 55¢ over December futures in Texas to 90¢ under in North Dakota, state medians of the elevators AGSIST read at 4:16 a.m. CT.
Median of 17 elevators in Texas, 49 in North Dakota. 15 states with 15 or more. USDA's North Dakota average on Nov 5: 89 under Dec (USDA AMS, North Dakota Daily Grain Bids, Nov 5, 2026).
Counted by code from the elevator boards AGSIST reads itself, not by the writer of this briefing. A day's change is each board's last posted bid against its own on the trading day before, same delivery period. Quote it with the date and a link to agsist.com/daily/2026-11-06. How this briefing is made · Monthly: AGSIST Cash Bid Index
- Hogs fell from Wednesday's $57.55 and sit just under cash at $55.70.
- Feeders closed at $325.05, down 2.1%.
- December corn is $4.40¾ overnight, up ¾ cent.
- January soybeans are $11.88¾; December wheat is down 1.2% at $5.92.
- Tuesday, Nov 10, 11:00 a.m. CTWASDE. Corn back under $4.40 would say bigger stocks are already priced in.
- OngoingDecember hogs closing under $55.00 would put the 52-week low in play.