or

Lean Hogs May '23 (HEK23)

76.625s +0.025 (+0.03%) 05/12/23 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, May 12th, 2023
Day Low
76.625
Day High
77.125
Open 76.625
Previous Close 76.600 76.600
Volume 287 287
Open Interest 3,707 3,707
Stochastic %K 28.89% 28.89%
Weighted Alpha -24.68 -24.68
5-Day Change +1.100 (+1.46%) +1.100 (+1.46%)
52-Week Range 75.300 - 102.150 75.300 - 102.150
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Lean Hogs Futures Market News and Commentary

Hogs Collapse with Limit Losses on Friday

Lean hog futures were in freefall mode on Friday, as contracts were down $3.45 to the $4 limit, with April steady and held up by the index. Monday will have expanded limits of $6. The national average base hog negotiated price from USDA was down 27 cents from the day prior at $87.40 in the Friday PM report. CME’s Lean Hog Index from April 2 was down 8 cents from the previous day at $88.72.

In response to President Trump’s reciprocal tariffs, China issued a retaliatory tariff of 34% on all US goods overnight. 

Weekly Commitment of Traders data from CFTC showed a total of 3.9603 contracts added back to the net long in lean hog futures and options as of April 1. That took their net long to 55,326 contracts. 

The USDA pork cutout value from Friday afternoon was up 96 cents after the midday surge, at $95.77 per cwt. The loin, butt, and rib primals were reported lower, with the belly leading the charge higher, up $7.73. USDA estimated this week’s Federally inspected hog... 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
05/12/23
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 Apr 1, 2025

View Chart Details
Commercials - Long / Short
101,264 (-167)
128,674 (+255)
Non-Commercials - Long / Short
94,942 (+4,451)
64,465 (+3,363)
Producers - Long / Short
25,422 (-887)
110,372 (+542)
Swap Dealers - Long / Short
65,166 (+571)
7,626 (-436)
Managed Money - Long / Short
72,630 (+4,529)
20,394 (+1,428)
Other Reportables - Long / Short
22,312 (-78)
44,071 (+1,935)
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Price Performance

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Period Period Low Period High Performance
1-Month
75.300 +1.76%
on 05/05/23
Period Open: 81.525
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
Period Open: 93.200
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
Period Open: 94.550
102.150 -24.99%
on 12/27/22
-17.925 (-18.96%)
since 05/12/22

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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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