Lean Hogs / LIV.HOGS

Lean hogs (CME), the US pork benchmark. Feed-cost swings and export demand drive the cycle. At the latest reading, Lean Hogs prints a spot of 98c/lb — a move of ▼0.60% over the past twenty-four hours and ▼2.30% across the trailing thirty days.

The v3.2 stress index places LIV.HOGS at 0.44 — a caution reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.

For operators, the question is not the spot itself but the buffer behind it. A tightening reading on Lean Hogs compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry LIV.HOGS as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.