Volume in hog futures spiked as the contract traded into new all-time lows in April. The Dalian live hog futures contracts saw a combined volume of 10.5 million lots, up 151% compared to March, and up 714% year on year.
Since their launch in 2021, live hog futures have seen growth in trading volume every year. In 2025, the contract traded 17.9 million lots. In the first four months of 2026, the contract has traded 18.7 million contracts.
Hog companies have been reluctant to engage in futures hed...