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Lean Hogs May '25 (HEK25)

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Lean Hogs Futures Market News and Commentary

Hogs Start the Week with Losses

Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. Open intertest suggested long liquidation, dropping 2,618 contracts. USDA’s national base hog price was up $1.40 in the Monday afternoon report at $72.68. The CME Lean Hog Index was up 23 cents on December 11 at $82.80.

Export Sales data showed a total of 44,900 MT of pork sold for 2025 on Monday morning, with 11,880 MT for 2026. Combined sales were a calendar year high. Shipments were 31,220 MT, a 3-week low.

Commitment of Traders data for November 25 showed managed money cutting back another 7,795 contracts from their net long in lean hog futures and options, to a net long of 50,193 contracts.

USDA’s pork carcass cutout value from the Monday PM report was 68 cents higher to $98.89 per cwt. The picnic primal was the only reported lower. USDA estimated federally inspected hog slaughter for Monday at 496,000 head. That was 8,000 head above last Monday a... 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
$1,870/1,700
First Notice Date
05/14/25
Expiration Date
05/14/25 (expired)

Seasonal Chart

Lean Hogs May '25
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Nov 25, 2025

View Chart Details
Commercials - Long / Short
106,375 (+852)
125,586 (-4,682)
Non-Commercials - Long / Short
113,769 (-4,035)
86,588 (+221)
Producers - Long / Short
34,798 (-320)
110,427 (-4,157)
Swap Dealers - Long / Short
65,683 (+808)
9,265 (-889)
Managed Money - Long / Short
81,480 (-3,573)
39,606 (+5,165)
Other Reportables - Long / Short
32,289 (-462)
46,982 (-4,944)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
87.600 +3.88%
on 04/15/25
93.400 -2.57%
on 04/28/25
+3.050 (+3.47%)
since 04/14/25
3-Month
82.825 +9.87%
on 04/07/25
98.225 -7.36%
on 02/18/25
-5.425 (-5.63%)
since 02/14/25
52-Week
78.525 +15.89%
on 08/13/24
98.225 -7.36%
on 02/18/25
+1.775 (+1.99%)
since 05/14/24

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Most Recent Stories

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Cattle Prices Are Climbing Higher. Here’s 1 Way to Trade the Trend.

March feeder cattle futures present a buying opportunity on more price strength.

GFH26 : 338.400 (+1.06%)
Hogs Start the Week with Losses

Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. Open intertest suggested long liquidation, dropping 2,618 contracts. USDA’s national...

HEJ26 : 89.650 (+0.82%)
HEG26 : 84.575 (+0.86%)
HEK26 : 93.375 (+0.95%)
Cattle Look to Tuesday Trade

Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Open interest was up just 846 contracts on Monday. Cash trade was stronger last week, as most of the country was...

LEJ26 : 230.400 (+0.16%)
LEG26 : 230.650 (+0.04%)
LEZ25 : 230.975 (+0.06%)
GFH26 : 338.400 (+1.06%)
GFF26 : 344.000 (+1.20%)
GFJ26 : 337.125 (+1.00%)
Hogs Fall Back on Monday

Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. USDA’s national base hog price was up $1.40 in the Monday afternoon report at $72.68....

HEJ26 : 89.650 (+0.82%)
HEG26 : 84.575 (+0.86%)
HEK26 : 93.375 (+0.95%)
Cattle Bulls Push Higher into the Close

Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder...

LEJ26 : 230.400 (+0.16%)
LEG26 : 230.650 (+0.04%)
LEZ25 : 230.975 (+0.06%)
GFH26 : 338.400 (+1.06%)
GFF26 : 344.000 (+1.20%)
GFJ26 : 337.125 (+1.00%)
Hogs Pullback

Hog production soars

Grain Markets Continue to Drift Lower

Oliver Sloup on Markets on the Move: Grain markets saw some chart damage on Friday which led to additional weakness to start this week’s trade. Where’s the support? Tune in for more.

Shootin' the Bull about further rationing

Cattle feeders are continuing to bid higher for incoming inventory, at a time when even fewer cattle are anticipated available, and woefully too much production capacity.

Hogs Slipping Lower on Monday

Lean hog futures are down 75 cent to $1 across most contracts on Monday. USDA’s national base hog price was up $2.07 in the Monday morning afternoon report at $73.00. The CME Lean Hog Index was up 23...

HEJ26 : 89.650 (+0.82%)
HEG26 : 84.575 (+0.86%)
HEK26 : 93.375 (+0.95%)
Cattle Mixed at Midday

Live cattle futures are up 25 to 37 cents at midday, with other contracts slightly lower. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder...

LEJ26 : 230.400 (+0.16%)
LEG26 : 230.650 (+0.04%)
LEZ25 : 230.975 (+0.06%)
GFH26 : 338.400 (+1.06%)
GFF26 : 344.000 (+1.20%)
GFJ26 : 337.125 (+1.00%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 91.300
2nd Resistance Point 91.150
1st Resistance Point 91.075
Last Price 91.000s
1st Support Level 90.850
2nd Support Level 90.700
3rd Support Level 90.625

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52-Week High 98.225
Last Price 91.000s
Fibonacci 61.8% 90.700
Fibonacci 50% 88.375
Fibonacci 38.2% 86.050
52-Week Low 78.525

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