Lean Hogs

Lean Hogs are a commodity traded on global markets as futures contracts. Lean Hogs futures trade on the Chicago Mercantile Exchange (CME) and have done since 1966.

Each Lean Hogs contract is for 40,000 pounds of meat, although the underlying market is delivered in live produce. It is the most traded pork-based commodity, and a key livestock market alongside Live Cattle and Feeder Cattle.

Like any commodity, the price of Lean Hogs is dependent on supply and demand. The weather and feed prices can both have a key impact on the supply side.