The current price of lean hogs is determined by stock exchanges, such as NASDAQ, and placed on their websites. On NASDAQ.com, investors find swine's price by hovering the mouse over the Markets tab and clicking on the Commodities link. Once the page loads, someone interested in pig prices can scroll down to the Meats section on the left side of the page and click on the Lean Hogs link.
In November 2015, the price of lean hogs is approximately 55 cents a pound. Similar to many stocks, the price of lean hogs has been very volatile over the past 30 years. In the late 1980s, the price of lean hogs regularly surpassed $1 per pound. In July 1986, swine reached $1.70 a pound, the highest price of lean hogs in the past 30 years. The price continued to fluctuate during the 1990s, although generally staying under $1 a pound. The December 1998 price of 19 cents a pound is the lowest price of the past 30 years for lean hogs. While July 2014 saw swine's price reach $1.29 a pound, swine's price in the 2000s has generally stayed under $1 per pound.
Lean hogs are one of several commodities sold on stock markets. Commodities are products that experience little change between producers. For example, the quality and features of an electronic product can vary widely depending on the company that produces it. On the other hand, traditional commodities such as grains, metals, oil and meats are essentially the same no matter the location where they are produced.