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Lean Hogs Feb '24 (HEG24)

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Lean Hogs Futures Market News and Commentary

Hogs Shift Focus to Thursday

Lean hogs posted gains of 12 to 90 cents across the nearby contracts on Wednesday.  The USDA National Base Hog price was reported at $85.30 in the Wednesday afternoon summary, up 95 cents. The CME Lean Hog Index was $90.08 on July 22, up 28 cents from the previous day. 

USDA showed a firmer tone for the FOB plant pork cutout values on Wednesday afternoon, with the average carcass quote up $1.26 at $104.76 per hundred pounds.  That gain came from loins, bellies, picnics, and hams with the other primals in negative territory for the day. USDA estimated Wednesday’s FI hog slaughter at 479,000 head, with the WTD total at 1.413 million head. That is down 21,000 head from last year and 16,962 head above year ago.

Aug 24 Hogs  closed at $93.775, up $0.125,

Oct 24 Hogs  closed at $78.025, up $0.900

Dec 24 Hogs  closed at $70.200, up $0.775,

On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities men... 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
$1,650/1,500
First Notice Date
02/14/24
Expiration Date
02/14/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jul 16, 2024

View Chart Details
Commercials - Long / Short
99,723 (-5,953)
71,846 (-2,233)
Non-Commercials - Long / Short
81,372 (+3,990)
107,765 (+1,035)
Producers - Long / Short
23,936 (+74)
53,605 (-2,434)
Swap Dealers - Long / Short
61,479 (-6,834)
3,933 (-606)
Managed Money - Long / Short
50,561 (+3,070)
64,540 (+5,215)
Other Reportables - Long / Short
30,811 (+920)
43,225 (-4,180)
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
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
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
88.350 -14.91%
on 02/21/23
-12.350 (-14.11%)
since 02/14/23

More Lean Hogs Quotes

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Most Recent Stories

More News
Hogs Shift Focus to Thursday

Lean hogs posted gains of 12 to 90 cents across the nearby contracts on Wednesday. The USDA National Base Hog price was reported at $85.30 in the Wednesday afternoon summary, up 95 cents. The CME Lean...

HEQ24 : 93.450 (-0.35%)
HEV24 : 77.525 (-0.64%)
HEZ24 : 69.700 (-0.71%)
Cattle Traders Look to Thursday as Cash Trade Starts Slow

Live cattle futures posted 15 to 60 cent higher closes in the front months, with other contracts heading home lower on Wednesday. Cash trade has yet to kick off this week, with Wednesday’s Central Stockyards...

LEQ24 : 188.775 (+1.00%)
LEV24 : 188.675 (+1.29%)
LEZ24 : 189.150 (+1.00%)
GFQ24 : 259.650 (+0.98%)
GFU24 : 258.500 (+0.70%)
GFV24 : 257.775 (+0.55%)
Cotton and White Sugar is at their lowest carry yield scores for the past 52 weeks. Live Cattle is at its highest.

I am planning to sell a Live Cattle calendar this week and continue to hold a long White Sugar calendar spread

Hogs Extend Strength into Wednesday

Lean hogs posted gains 12 to 90 cent across the nearby contracts on Wednesday. The USDA National Base Hog price was reported at $85.30 in the Wednesday afternoon summary, up 95 cents. The CME Lean Hog...

HEQ24 : 93.450 (-0.35%)
HEV24 : 77.525 (-0.64%)
HEZ24 : 69.700 (-0.71%)
Cattle Round Out Wednesday on a Mixed Note

Live cattle futures posted 15 to 60 cent higher trade in the front months, with other contracts heading home lower for the midweek session. Cash trade has yet to kick off this week, with Wednesday’s...

LEQ24 : 188.775 (+1.00%)
LEV24 : 188.675 (+1.29%)
LEZ24 : 189.150 (+1.00%)
GFQ24 : 259.650 (+0.98%)
GFU24 : 258.500 (+0.70%)
GFV24 : 257.775 (+0.55%)
Pure Hedge - Livestock and Grain

Beans and Feeders head lower - Corn, Wheat and Hogs Higher.

A Wild Day in the Outside Markets. What Could it Mean for Ag Markets?

Oliver Sloup, Co-Founder of Blue Line Futures shares his take on today's price action in the outside markets and how that could spill into some setups in grain and livestock prices.

Shootin' the Bull about soft markets

Front end fats narrowed basis while back end fats were in no hurry to.  The July 5 and 9 dates continue to be significant in my analysis.  That being, a trade above and it would appear that consumers...

Broiler Hatchery

Broiler Hatchery - 2024-07-24

Z8Y00 : 116.50s (unch)
WDU24 : 3,915s (-0.51%)
Lean Hog Futures Up Again at Midday on Wednesday

Lean hogs posted gains of $1.15 to $1.45 in the front four contracts on Tuesday, and most contract months are higher again at midday on Wednesday. August is the exception, down about 17 cents, but the...

HEQ24 : 93.450 (-0.35%)
HEV24 : 77.525 (-0.64%)
HEZ24 : 69.700 (-0.71%)

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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