As lean hog futures sink to fifteen-month lows, the pork industry finds itself navigating two converging uncertainties: a bearish market shaped by technical selling and weak cash prices, and a federal regulatory process that could quietly redraw the boundaries of what counts as wholesome food. Fifteen stakeholder meetings at the Office of Management and Budget signal that the coming definition of ultra-processed foods is not merely a labeling exercise — it is a quiet negotiation over ingredient demand, purchasing standards, and the future shape of American food production. Before any law is wr