$84.65
0.38[0.44%]
as of 2024-11-21
What are lean hogs?
The lean hog designation is used when selling futures contracts on pork in the livestock industry.
How many pounds are in a lean hogs futures contract?
40,000 pounds of hogs are included in each futures contract.
Can pork producers manage risk with lean hog futures?
Yes, pork producers can manage risk with lean hog futures contracts by locking in prices.