Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| EU spot market (Denmark/Netherlands) | physical_fob | — | USD/MT | 1850–2150 | Jan 2025 | — |
| Chicago Mercantile ExchangeHeadline | futures | — | USD/MT | 1650–1950 | Jan 2025 | — |
| Shanghai port | physical_cif | — | USD/MT | 2100–2400 | Jan 2025 | — |
Premium structure
Differentials between benchmarks reveal where physical pork trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| EU spot market (Denmark/Netherlands) | — | |
| Chicago Mercantile Exchange | — | |
| Shanghai port | — |
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