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DERIVATIVES AND HEDGING - Consolidated Statements of Operations Impact of Gains or Losses on Derivative Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Jul. 25, 2021 | Jul. 26, 2020 | Jul. 25, 2021 | Jul. 26, 2020
Derivative [Line Items] |  |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 176,917 | $ 203,119 | $ 627,101 | $ 673,726
Fair Value Hedges |  |  |  |
Total Gain (Loss) Recognized in Earnings | 1,131 | (14,304) | (8,678) | (12,510)
Derivatives designated as hedges | Commodity Contracts |  |  |  |
Fair Value Hedges |  |  |  |
Total Gain (Loss) Recognized in Earnings | 979 | (14,304) | (8,830) | (12,510)
Derivatives designated as hedges | Interest Rate Locks |  |  |  |
Fair Value Hedges |  |  |  |
Total Gain (Loss) Recognized in Earnings | 152 | 0 | 152 | 0
Derivatives designated as hedges | Cash Flow Hedges | Commodity Contracts |  |  |  |
Cash Flow Hedges |  |  |  |
Gain (Loss) Reclassified from AOCL | 14,261 | (18,645) | 18,723 | (25,997)
Amortization of Excluded Component from Options | (1,543) | 0 | (1,543) | 0
Derivatives designated as hedges | Cash Flow Hedges | Interest Rate Locks |  |  |  |
Cash Flow Hedges |  |  |  |
Gain (Loss) Reclassified from AOCL | 152 | 0 | 152 | 0
Derivatives designated as hedges | Fair Value Hedges | Commodity Contracts |  |  |  |
Fair Value Hedges |  |  |  |
Gain (loss) on Commodity Futures | $ (11,739) | $ 4,341 | $ (26,010) | $ 13,487

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