CME Group Achieves Record Daily Volume in Lean Hog Futures and Options
CME Group announced that its Lean Hog futures and options reached a new daily volume record of 209,363 contracts on November 9, 2026. This figure surpasses the previous record set on November 10, 2025. Additionally, livestock options hit a separate daily volume record of 136,923 contracts on November 5, 2026. The surge in trading activity is attributed to significant price volatility in the lean hog market. According to John Ricci, Global Head of Agricultural Products at CME Group, steady supply and contracting demand have driven prices to six-year lows, prompting market participants to utilize derivatives more heavily for risk management and hedging purposes.