Volatility in U.S. livestock markets is driving heavier use of risk-management products as lean hog prices fall to six-year lows. CME Group says trading in its Lean Hog futures and options reaches a new daily record on Nov. 9, 2026, while Livestock options also set a separate record earlier in the month.
Highlights
- CME Group Lean Hog futures and options reached a record daily volume of 209,363 contracts on Nov. 9, 2026, surpassing the previous high set in 2025.
- CME Livestock options set a new daily record with 136,923 contracts traded on Nov. 5, 2026.
- Six-year lows in lean hog prices, attributed to steady supply and contracting demand, are driving record hedging activity on CME Group platforms.
Record volumes across livestock contracts
As announced by CME Group, its Lean Hog futures and options reach a new daily volume record of 209,363 contracts on Nov. 9, 2026. That tops the previous high of 204,948 contracts traded on Nov. 10, 2025.The exchange also says its Livestock options set a new daily record for options volume on Nov. 5, 2026, with 136,923 contracts.
Price pressure lifts hedging demand
John Ricci, Global Head of Agricultural Products at CME Group, says steady supply and contracting demand are pushing lean hog prices to six-year lows. He says market participants are turning to the exchange in record numbers to manage risk amid the price volatility.The new records underline stronger activity in agricultural derivatives as producers, traders and other market participants seek more precise tools to hedge exposure in the U.S. livestock sector.