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Lean Hogs Feb '24 (HEG24)

75.175s +0.950 (+1.28%) 02/14/24 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Wed, Feb 14th, 2024
Day Low
74.475
Day High
75.225
Open 74.500
Previous Close 74.225 74.225
Volume 2,482 2,482
Open Interest 11,789 11,789
Stochastic %K 38.68% 38.68%
Weighted Alpha -11.38 -11.38
5-Day Change +1.800 (+2.45%) +1.800 (+2.45%)
52-Week Range 64.575 - 88.350 64.575 - 88.350
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Lean Hogs Futures Market News and Commentary

Hogs Close Mixed on Friday

Lean hogs ended the Friday session with losses in the nearbys by 50 to 85 cents and other contracts higher in some back months. April lost $4.925 on the week.  The Friday afternoon national average base hog negotiated price from the USDA was reported at $90.08, a 64 cent increase from the day prior. The CME Lean Hog Index continues climbing, up 24 cents on February 19 at $91.22.

Commitment of Traders data from this afternoon showed a total of 11,522 contracts added to the spec fund net long in lean hog futures and options as of 2/18. That took the net position to 114,148 contracts, the largest since Christmas.

Friday’s Export Sales report showed a total of 25,628 MT in pork sales in the week that ended on February 13, back up from last week’s low. Mexico was the top buyer of 5,700 MT, with 4,100 MT sold to Japan. Shipments of pork totaled 29,954 MT, a 4-week low. The top destination was Mexico at 12,200 MT, with 4,000 MT headed to South Korea and Japan. 

The Friday... Read more

Contract Specifications

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Contract
Lean Hogs
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$400
Margin/Maintenance
$1,760/1,600
First Notice Date
02/14/24
Expiration Date
02/16/24 (expired)

Seasonal Chart

Lean Hogs Feb '24
Average Price Chart for 5 Prior Feb Contracts

Commitment of Traders Positions as of Feb 18, 2025

View Chart Details
Commercials - Long / Short
102,275 (+1,138)
177,612 (+8,834)
Non-Commercials - Long / Short
146,094 (+9,007)
65,237 (+1,370)
Producers - Long / Short
25,077 (+665)
150,892 (+7,448)
Swap Dealers - Long / Short
62,746 (-611)
12,268 (+302)
Managed Money - Long / Short
118,682 (+8,393)
6,937 (-964)
Other Reportables - Long / Short
27,412 (+614)
58,300 (+2,334)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
70.025 +7.35%
on 01/17/24
Period Open: 71.900
76.675 -1.96%
on 02/01/24
+3.275 (+4.55%)
since 01/12/24
3-Month
64.575 +16.42%
on 01/03/24
Period Open: 75.925
76.675 -1.96%
on 02/01/24
-0.750 (-0.99%)
since 11/14/23
52-Week
64.575 +16.42%
on 01/03/24
Period Open: 87.525
88.350 -14.91%
on 02/21/23
-12.350 (-14.11%)
since 02/14/23

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Hogs Close Mixed on Friday

Lean hogs ended the Friday session with losses in the nearbys by 50 to 85 cents and other contracts higher in some back months. April lost $4.925 on the week. The Friday afternoon national average base...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
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LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
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Cattle on Feed

Cattle on Feed - 2025-02-21

GFH25 : 267.950s (+0.42%)
LEJ25 : 193.950s (+0.08%)
Cattle Higher Ahead of Cattle on Feed Report

Live cattle futures are trading with stronger midday action in Friday, up 50 to 75 cents in the nearbys. Cash trade has been slow this week, with Thursday sales at $199 in the South and North trade at...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Posting Mixed Midday Trade

Lean hogs are trading on either side of unchanged at midday, with April down a quarter and other contracts up a tick to 70 cents. Friday morning’s USDA’s national average base hog negotiated price...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Look to Round Out Week Ahead of Cattle on Feed Report

Live cattle futures settled the Thursday session with 20 cents to $1 losses. Cash trade has been slower this week, with light action on Thursday at $199 in the South and $315 dressed in the North. Feeder...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Look to Friday after Weaker Thursday Trade

Lean hogs closed out Thursday lower, as contracts were down $1.17 to $1.37. The USDA’s national average base hog negotiated price was reported at $89.44, down $2.54 from the day prior. The CME Lean Hog...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Hogs Fall Again on Thursday

Lean hogs rounded out Thursday with more pressure, as contracts were down $1.17 to $1.37. The USDA’s national average base hog negotiated price was reported at $89.44, down $2.54 from the day prior....

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Face Pressure on Thursday

Live cattle futures closed out the Thursday session with loses of 20 cents to $1. Cash trade has been slower this week, kicking on with light action at $199 in the South and $315 dressed in the North....

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
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YKK25 : 13,020s (-0.04%)
HEJ25 : 87.675s (-0.96%)
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Cattle Falling on Thursday

Live cattle futures are trading with contracts down 62 cent to $1.52 at midday. Cash trade has been slower this week, with bids so far at $198 in the South and $200 in the North. The Thursday morning Central...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Continuing Slide on Thursday

Lean hogs are trading with another round of weakness, with losses of $1.15 to $1.25. Thursday morning’s national average base hog negotiated price was reported at $89.45 by the USDA, down $3.32 from...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Shift Focus to Thursday Trade

Live cattle futures settled the Wednesday session with 35 to 75 cent gains. Cash trade has been slower this week, with last week’s trade mainly $202-203 in the South and $203 in the North. Wednesday...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)
Hogs Fall Lower on Wednesday

Lean hog futures were pressured by a weaker cutout on Wednesday with losses of $3.25 to $3.60. Much of that was likely to long liquidation, with preliminary open interest down 9,466 contracts The Wednesday...

HEJ25 : 87.675s (-0.96%)
HEK25 : 91.950s (-0.54%)
HEM25 : 100.625s (+0.32%)
Cattle Post Mixed Trade on Wednesday

Live cattle futures closed Wednesday with 35 to 75 cent gains at the close. Cash trade has yet to kick off this week, with last week’s trade mainly $202-203 in the South and $203 in the North. The Wednesday...

LEM25 : 190.325s (+0.18%)
LEG25 : 197.825s (+0.10%)
LEJ25 : 193.950s (+0.08%)
GFH25 : 267.950s (+0.42%)
GFJ25 : 267.550s (+0.44%)
GFK25 : 265.925s (+0.32%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 76.192
2nd Resistance Point 75.708
1st Resistance Point 75.442
Last Price 75.175s
1st Support Level 74.692
2nd Support Level 74.208
3rd Support Level 73.942

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52-Week High 88.350
Fibonacci 61.8% 79.268
Fibonacci 50% 76.462
Last Price 75.175s
Fibonacci 38.2% 73.657
52-Week Low 64.575

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