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Lean Hogs May '23 (HEK23)

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Lean Hogs Futures Market News and Commentary

Hogs Close with Mixed Tuesday Action

Lean Hog futures posted mixed trade on Tuesday, with contracts down 5 to 47 cents in the nearbys and deferreds up 2 to 52 cents.  The national average base hog negotiated price was down 83 cents in the Tuesday PM report at $82.49. The CME Lean Hog Index was reported at $88.49 on November 15, down another 78 cents from the previous day.

USDA’s FOB plant pork cutout value reported lower on Tuesday afternoon, down $2.39 at $94.68 per cwt. The rib and ham primals were the only reported higher, with the picnic leading the charge to the downside, $7.13 lower. USDA estimated the Tuesday FI hog slaughter at 489,000 head, with the weekly total at 978,000 head. That is 33,000 head above last week and up 993 head from the same week last year.

Dec 24 Hogs  closed at $79.550, down $0.475,

Feb 25 Hogs  closed at $82.875, down $0.400

Apr 25 Hogs  closed at $87.100, down $0.325,

On the date of publication, Austin Schroeder did not have (either dire... 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
05/12/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

Lean Hogs May '23
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Nov 12, 2024

View Chart Details
Commercials - Long / Short
98,205 (-5,716)
166,048 (-1,256)
Non-Commercials - Long / Short
165,266 (+5,819)
89,284 (+1,278)
Producers - Long / Short
20,782 (-717)
150,592 (+5,266)
Swap Dealers - Long / Short
68,642 (+1,553)
6,675 (+30)
Managed Money - Long / Short
135,711 (+5,171)
8,301 (-1,170)
Other Reportables - Long / Short
29,555 (+648)
80,983 (+2,448)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
75.300 +1.76%
on 05/05/23
81.600 -6.10%
on 04/17/23
-4.900 (-6.01%)
since 04/12/23
3-Month
75.300 +1.76%
on 05/05/23
97.675 -21.55%
on 02/21/23
-16.575 (-17.78%)
since 02/10/23
52-Week
75.300 +1.76%
on 05/05/23
102.150 -24.99%
on 12/27/22
-17.925 (-18.96%)
since 05/12/22

More Lean Hogs Quotes

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Most Recent Stories

More News
Hogs Close with Mixed Tuesday Action

Lean Hog futures posted mixed trade on Tuesday, with contracts down 5 to 47 cents in the nearbys and deferreds up 2 to 52 cents. The national average base hog negotiated price was down 83 cents in the...

HEZ24 : 79.550s (-0.59%)
HEG25 : 82.875s (-0.48%)
HEJ25 : 87.100s (-0.37%)
Cattle Rally on Tuesday

Live cattle futures extended their strength into Tuesday, closing with gains of $1.175 to $2.475 across the board. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action...

LEJ25 : 189.425s (+0.80%)
LEZ24 : 186.575s (+1.34%)
LEG25 : 188.000s (+1.09%)
GFX24 : 254.250s (+0.96%)
GFF25 : 252.000s (+1.00%)
GFH25 : 251.250s (+1.06%)
Grain and Livestock Market Recap

Grain and Livestock Market were mixed in Tuesdays trade, here's how things shook out.

Shootin' the Bull about basis making opportunities

Futures traders are on the cusp of taking basis back to negative.  Backgrounders are urged to use this sharp, $10.00 narrowing of the basis in just 7 trading days.

Hogs Pullback Continues at Midday

Lean Hogs futures are posting Tuesday losses of 85 cents to $1 so far in the nearbys at midday. The national average base hog negotiated price was down $1.12 in the Tuesday AM report at $82.00. The CME...

HEZ24 : 79.550s (-0.59%)
HEG25 : 82.875s (-0.48%)
HEJ25 : 87.100s (-0.37%)
Cattle Rally Continuing on Tuesday

Live cattle futures are continuing to post strength, with contracts up $1.05 to $1.95 at midday. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action today was mostly...

LEJ25 : 189.425s (+0.80%)
LEZ24 : 186.575s (+1.34%)
LEG25 : 188.000s (+1.09%)
GFX24 : 254.250s (+0.96%)
GFF25 : 252.000s (+1.00%)
GFH25 : 251.250s (+1.06%)
Cattle Futures Surge Higher in Monday’s Trade

Cattle futures were firm to start the week, can the rally continue?

Cattle See Monday Strength

Live cattle futures posted Monday gains of 72 cents to $1.55. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action today was mostly compiling showlists. Feeders continued...

LEJ25 : 189.425s (+0.80%)
LEZ24 : 186.575s (+1.34%)
LEG25 : 188.000s (+1.09%)
GFX24 : 254.250s (+0.96%)
GFF25 : 252.000s (+1.00%)
GFH25 : 251.250s (+1.06%)
Hogs Post Slight Gains on Monday

Lean Hogs futures closed the Monday session with marginally higher gains of 35 to 85 cents across the board. The national average base hog negotiated price was reported at $83.32 on Monday afternoon, down...

HEZ24 : 79.550s (-0.59%)
HEG25 : 82.875s (-0.48%)
HEJ25 : 87.100s (-0.37%)
Pure Hedge - Livestock and Grain

Grain and Livestock Markets All Higher - Where will the Fats and Feeders Close on Friday

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 77.458
2nd Resistance Point 77.292
1st Resistance Point 76.958
Last Price 76.625s
1st Support Level 76.458
2nd Support Level 76.292
3rd Support Level 75.958

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52-Week High 102.150
Fibonacci 61.8% 91.893
Fibonacci 50% 88.725
Fibonacci 38.2% 85.557
Last Price 76.625s
52-Week Low 75.300

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