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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
--- | --- | --- | ---
Apr. 30, 2023 USD ($) | May 01, 2022 USD ($) bu | Apr. 30, 2023 USD ($) bu | May 01, 2022 USD ($) | Oct. 30, 2022 bu
Derivative [Line Items] |  |  |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 217,239 | $ 261,617 | $ 434,958 | $ 501,188 |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | (2,080) | 1,288 | 1,468 | 5,598 |
Derivatives designated as hedges | Commodity Contracts |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | 798 | 342 | 7,223 | 3,613 |
Derivatives designated as hedges | Interest Rate Contracts |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Total Gain (Loss) Recognized in Earnings | (2,878) | 946 | (5,755) | 1,985 |
Derivatives designated as hedges | Cash Flow Hedges | Commodity Contracts |  |  |  |  |
Cash Flow Hedges |  |  |  |  |
Gain (Loss) Reclassified from AOCL | 732 | 9,599 | 11,591 | 17,345 |
Amortization of Excluded Component from Options | (1,497) | (1,120) | (2,909) | (1,945) |
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges | 0 | 1,620 | 0 | 1,620 |
Derivatives designated as hedges | Cash Flow Hedges | Interest Rate Locks |  |  |  |  |
Cash Flow Hedges |  |  |  |  |
Gain (Loss) Reclassified from AOCL | 247 | $ 247 | $ 494 | 494 |
Derivatives designated as hedges | Cash Flow Hedges | Corn |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Futures contracts, volume (in million bushels) | bu |  | 0.6 | 27.5 |  | 34.3
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 | 1,563 | (9,757) | $ (1,459) | (13,407) |
Derivatives designated as hedges | Fair Value Hedges | Interest Rate Swap |  |  |  |  |
Fair Value Hedges |  |  |  |  |
Gain (loss) on Commodity Futures and Interest Rate Swap | 0 | 699 | 0 | 1,491 |
Amortization of Loss Due to Discontinuance of Fair Value Hedge | $ (3,125) | $ 0 | $ (6,250) | $ 0 |

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