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Lean Hogs May '23 (HEK23)

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Lean Hogs Futures Market News and Commentary

Hogs Head Higher into Friday’s Close

Lean hog futures closed out the Friday session with contracts  to 92 cents in the green. The national average base hog price was reported at $80.76 on Friday afternoon, down $2.60 on the day.  The CME Lean Hog Index was $88.83 on August 21, down 38 cents from the previous day. 

Pork stocks totaled 450.7 million lbs at the end of July, which was a 5.09% drop from the end of June and 4.26% below last year. 

Commitment of Trades data showed spec funds flipping back to a net long position of 7,315 contracts as of the week that ended on August 20, a 9,584 contract move on the week.

USDA’s FOB plant pork cutout value was up $2.62 the Friday PM report at $99.05 per cwt. The rib primal was the only reported lower, with the ham leading the way to the upside, $5.39higher. USDA estimated the weekly FI hog slaughter at 2.503 million head. That is 9,000 head below the previous week and 8,665 head larger than the same week last year.

Oct 24 Hogs  closed at $80.550, up $0.9... 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 Aug 20, 2024

View Chart Details
Commercials - Long / Short
91,225 (-3,245)
64,719 (-67)
Non-Commercials - Long / Short
86,247 (+1,677)
108,043 (-3,015)
Producers - Long / Short
17,782 (-4,717)
53,510 (-543)
Swap Dealers - Long / Short
66,076 (+752)
3,842 (-244)
Managed Money - Long / Short
58,595 (+2,195)
48,760 (-9,342)
Other Reportables - Long / Short
27,652 (-518)
59,283 (+6,327)
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

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Hogs Higher, Cattle Markets Rest in Front of COF Report

Cattle Markets trade both sides of unchanged, Hogs creep higher to end week

Live Cattle Slips Back Lower on Friday, as Feeders Head Higher

Live cattle futures posted losses of 12 to 55 cents on Friday, with August up a tick heading into the USDA’s Cattle on Feed report after the close. Cash trade saw some southern action at $182-185, with...

LEQ24 : 182.575s (+0.01%)
LEV24 : 175.700s (-0.11%)
LEZ24 : 175.200s (-0.19%)
GFQ24 : 242.575s (+0.25%)
GFU24 : 238.575s (+0.16%)
GFV24 : 234.375s (+0.05%)
Hogs Head Higher into Friday’s Close

Lean hog futures closed out the Friday session with contracts to 92 cents in the green. The national average base hog price was reported at $80.76 on Friday afternoon, down $2.60 on the day. The CME...

HEV24 : 80.550s (+1.16%)
HEZ24 : 70.750s (+0.68%)
HEG25 : 73.825s (+0.65%)
Shootin' the Bull about traversing quicksand

In my opinion, traders opened a wide swath of quicksand for producers to have to traverse as markets seek convergence.

Cold Storage

Cold Storage - 2024-08-23

GFV24 : 234.375s (+0.05%)
LEV24 : 175.700s (-0.11%)
HEV24 : 80.550s (+1.16%)
YKX24 : 18,030s (-0.96%)
BDU24 : 317.5000s (-0.11%)
OJX24 : 481.75s (+0.17%)
Cattle on Feed

Cattle on Feed - 2024-08-23

GFV24 : 234.375s (+0.05%)
LEV24 : 175.700s (-0.11%)
Hogs Bulls Holding onto Strength on Friday

Lean hog futures are trading with 30 to 45 cent gains in the nearbys on Friday. The national average base hog price was reported at $80.44 on Friday morning afternoon, down $2.92 on the day. The CME Lean...

HEV24 : 80.550s (+1.16%)
HEZ24 : 70.750s (+0.68%)
HEG25 : 73.825s (+0.65%)
Cattle Mixed Ahead of CoF Report

Live cattle futures are showing mixed trade with August down a dime and other contracts up 20 to 40 cents leading up to USDA’s Cattle on Feed report. Cash trade crept in earlier this week with some southern...

LEQ24 : 182.575s (+0.01%)
LEV24 : 175.700s (-0.11%)
LEZ24 : 175.200s (-0.19%)
GFQ24 : 242.575s (+0.25%)
GFU24 : 238.575s (+0.16%)
GFV24 : 234.375s (+0.05%)
Cattle Get a Bounce on Thursday

Live cattle futures posted gains of $1.15 to $1.37 across the board on Thursday as traders were squaring up ahead of USDA’s Cattle on Feed report. Cash trade crept in earlier this week with some southern...

LEQ24 : 182.575s (+0.01%)
LEV24 : 175.700s (-0.11%)
LEZ24 : 175.200s (-0.19%)
GFQ24 : 242.575s (+0.25%)
GFU24 : 238.575s (+0.16%)
GFV24 : 234.375s (+0.05%)

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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