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Lean Hogs May '23 (HEK23)

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Lean Hogs Futures Market News and Commentary

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 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 morning, down 4 cents at $97.07 per cwt. The rib and ham primals were the only reported higher, with the belly leading the charge to the downside, $8.34 lower. USDA estimated the Monday FI hog slaughter at 489,000 head. That is 41,000 head above last Monday and up 2,596 head from the same Monday last year.

Dec 24 Hogs  are at $79.050, down $0.975,

Feb 25 Hogs  are at $82.275, down $1.000

Apr 25 Hogs  is at $86.575, down $0.850,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article.... 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 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

Hogs Stall

Hogs' slowdown as traders as the cash markets works lower

Hogs Manage to Pull Out Slight Gains

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%)
Cattle Push Higher to Start the Week

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%)
Shootin' the Bull about squeezing margins

Fat futures were a little higher.  The squeeze of margins is the most interesting aspect with a belief of cattle on feed over 12 million head and a scramble to bid higher for incoming inventory.

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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