What it is
Pigs raised to slaughter weight. The futures contract is the United States reference for pork and is settled against an index of carcass prices, not by delivering animals.
How it is usually quoted
US cents per pound.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
CME, settled in cash.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- The cost of feed, chiefly maize and soybean meal
- Outbreaks of disease such as African swine fever
- Export demand from China, Mexico and Japan
- Farmers’ cycles of expanding and cutting their herds
- The season: demand for some cuts rises in summer
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
China raises the most pigs, followed by the European Union, the United States (Iowa, Minnesota and North Carolina) and Brazil.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Lean hogs is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.