Pork Cutout

Futures and Options
Globex Code
PRKJ5
Last
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Volume
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Last Updated10 Mar 2025 07:31:52 PM CT.
Market data is delayed by at least 10 minutes

Manage risk further down the U.S. hog supply chain on the cutout. While CME Lean Hog products reflect prices paid for hogs in the U.S., CME Pork Cutout products reflect prices paid for U.S. wholesale pork. These contracts are conveniently cash-settled to the CME Pork Cutout Index, which tracks USDA pork price reporting.

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Features and benefits

Hedge wholesale pork

When market conditions and seasonal trends impact the US supply chain, manage your pork price exposure.

Tap into an active market

Pork is the world’s most consumed protein. In 2021, more than 6.4 billion pounds of US pork was exported to other markets.

Source: Pork Checkoff

Add exchange-traded benefits

Trading futures on a regulated exchange gives you greater price transparency with daily trading times plus the safety and security of CME Clearing backing every transaction.

Explore this product in depth

Review contract highlights

  • Contract Unit
    40,000 pounds
  • Price Quotation
    U.S. cents per pound
  • Product Code
    CME Globex: PRK
    CME ClearPort: PRK
    Clearing: PRK
  • Trading Hours
    CME Globex:
    Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
    CME ClearPort:
    Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT
Last Updated10 Mar 2025 07:31:52 PM CT.
Date
Future VolumeOptions Volume

Courses

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Take self-guided courses on Pork Cutout futures and options products.

If you're new to futures, the courses below can help you quickly understand the Pork Cutout futures and options and start trading.

11 modules
Understanding Livestock Markets
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