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DERIVATIVES AND HEDGING - Consolidated Condensed Statements of Operations Impact of Gains or Losses on Derivative Instruments (Details) $ in Thousands, bu in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
May 01, 2022 USD ($) bu | Apr. 25, 2021 USD ($) | May 01, 2022 USD ($) bu | Apr. 25, 2021 USD ($) | Oct. 31, 2021 bu
Derivative [Line Items] |  |  |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 261,617 | $ 227,901 | $ 501,188 | $ 450,184 |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 1,288 | (6,845) | $ 5,598 | (9,809) |
Cash Flow Hedges | Corn |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Futures contracts, volume (in million bushels) | bu |  |  | 37.7 |  | 33.1
Derivatives designated as hedges |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 946 | 0 |  |  |
Derivatives designated as hedges | Commodity Contracts |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 342 | (6,845) | $ 3,613 | (9,809) |
Derivatives designated as hedges | Interest Rate Locks |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings |  |  | 1,985 | 0 |
Derivatives designated as hedges | Cash Flow Hedges | Commodity Contracts |  |  |  |  |
Cash Flow Hedges |  |  |  |  |
Gain (Loss) Reclassified from AOCL | 9,599 | 4,512 | 17,345 | 4,462 |
Amortization of Excluded Component from Options | (1,120) | 0 | (1,945) | 0 |
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges | 1,620 | 0 | 1,620 | 0 |
Derivatives designated as hedges | Cash Flow Hedges | Interest Rate Locks |  |  |  |  |
Cash Flow Hedges |  |  |  |  |
Gain (Loss) Reclassified from AOCL | $ 247 | 0 | 494 | 0 |
Derivatives designated as hedges | Cash Flow Hedges | Corn |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Futures contracts, volume (in million bushels) | bu | 0.6 |  |  |  |
Gain related to the discontinued hedges and an immaterial loss related to the excluded component from options | $ 1,700 |  |  |  |
Derivatives designated as hedges | Fair Value Hedges | Commodity Contracts |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Gain (loss) on Commodity Futures and Interest Rate Swap | (9,757) | (11,357) | (13,407) | (14,271) |
Derivatives designated as hedges | Fair Value Hedges | Interest Rate Swap |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Gain (loss) on Commodity Futures and Interest Rate Swap | $ 699 | $ 0 | $ 1,491 | $ 0 |

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