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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 | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jul. 31, 2022 USD ($) | May 01, 2022 bu | Jul. 25, 2021 USD ($) | Jul. 31, 2022 USD ($) bu | Jul. 25, 2021 USD ($) | Oct. 31, 2021 bu
Derivative [Line Items] |  |  |  |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 218,915 |  | $ 176,917 | $ 720,103 | $ 627,101 |
Fair Value Hedges |  |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 13,338 |  | 1,131 | $ 18,938 | (8,678) |
Cash Flow Hedges | Corn |  |  |  |  |  |
Fair Value Hedges |  |  |  |  |  |
Futures contracts, volume (in million bushels) | bu |  |  |  | 34.9 |  | 33.1
Derivatives designated as hedges | Commodity Contracts |  |  |  |  |  |
Fair Value Hedges |  |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 13,313 |  | 979 | $ 16,927 | (8,830) |
Derivatives designated as hedges | Interest Rate Contracts |  |  |  |  |  |
Fair Value Hedges |  |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 25 |  | 152 | 2,011 | 152 |
Derivatives designated as hedges | Cash Flow Hedges | Commodity Contracts |  |  |  |  |  |
Cash Flow Hedges |  |  |  |  |  |
Gain (Loss) Reclassified from AOCL and Amortization of Gain on Interest Rate Locks | 21,216 |  | 14,261 | 38,561 | 18,723 |
Amortization of Excluded Component from Options | (1,145) |  | (1,543) | (3,089) | (1,543) |
Gain (Loss) Due to Discontinuance of Cash Flow Hedges | 0 |  | 0 | 1,620 | 0 |
Derivatives designated as hedges | Cash Flow Hedges | Interest Rate Locks |  |  |  |  |  |
Cash Flow Hedges |  |  |  |  |  |
Gain (Loss) Reclassified from AOCL and Amortization of Gain on Interest Rate Locks | 247 |  | 152 | 741 | 152 |
Derivatives designated as hedges | Cash Flow Hedges | Corn |  |  |  |  |  |
Fair Value Hedges |  |  |  |  |  |
Futures contracts, volume (in million bushels) | bu |  | 0.6 |  |  |  |
Derivatives designated as hedges | Fair Value Hedges | Commodity Contracts |  |  |  |  |  |
Fair Value Hedges |  |  |  |  |  |
Gain (loss) on Commodity Futures and Interest Rate Swap | (6,758) |  | (11,739) | (20,165) | (26,010) |
Derivatives designated as hedges | Fair Value Hedges | Interest Rate Swap |  |  |  |  |  |
Fair Value Hedges |  |  |  |  |  |
Gain (loss) on Commodity Futures and Interest Rate Swap | $ (222) |  | $ 0 | $ 1,270 | $ 0 |

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