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Lean Hogs Aug '24 (HEQ24)

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Lean Hogs Futures Market News and Commentary

CME Hogs Struggle with Lower Cash and Cutout Values

Lean hog futures bulls still can’t find their footing.  Prices were down $.27 to $1.35 on Thursday.  Nearby June was helped by convergence heading into expiration. The CME Lean Hog Index was up 6 cents at $91.38 on June 11.  USDA showed the National Base Hog weighted average price at $86.87 on Thursday, down 72 cents from the previous day. 

This morning’s Export Sales report showed 30,122 MT of pork in the week ending on June 6, up from the week prior. Exports were tallied at 32,797 MT, a 12-week low.

USDA’s Estimated Primal Cutout Value was lower in the Thursday pm report, down $1.99 to $97.02.  The rib and picnic were the only primals reported higher.  USDA estimated Wednesday FI hog slaughter at 475,000 head, bringing the week to date total to 1.890 million head. That is down 26,000 head from a week ago but up more than 40 thousand from a year ago. 

Jun 24 Hogs  closed at $91.750, down $0.275,

Jul 24 Hogs  closed at $92.775, down $0.925

Aug 24 Hogs  ... 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
08/14/24 (62 days)
Expiration Date
08/14/24 (62 days)

Seasonal Chart

Lean Hogs Aug '24
Average Price Chart for 5 Prior Aug Contracts

Commitment of Traders Positions as of Jun 4, 2024

View Chart Details
Commercials - Long / Short
109,683 (+1,333)
112,548 (-5,103)
Non-Commercials - Long / Short
80,913 (-1,031)
75,367 (+7,085)
Producers - Long / Short
21,728 (+539)
89,834 (-7,772)
Swap Dealers - Long / Short
72,510 (-3,080)
7,269 (-1,205)
Managed Money - Long / Short
55,200 (-1,805)
36,174 (+10,236)
Other Reportables - Long / Short
25,713 (+774)
39,193 (-3,151)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
88.225 +0.43%
on 06/13/24
102.000 -13.14%
on 05/16/24
-10.675 (-10.75%)
since 05/13/24
3-Month
88.225 +0.43%
on 06/13/24
108.300 -18.19%
on 04/10/24
-13.825 (-13.50%)
since 03/13/24
52-Week
88.225 +0.43%
on 06/13/24
108.300 -18.19%
on 04/10/24
-5.375 (-5.72%)
since 06/13/23

More Lean Hogs Quotes

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Most Recent Stories

More News
CME Hogs Struggle with Lower Cash and Cutout Values

Lean hog futures bulls still can’t find their footing. Prices were down $.27 to $1.35 on Thursday. Nearby June was helped by convergence heading into expiration. The CME Lean Hog Index was up 6 cents...

HEM24 : 91.750s (-0.30%)
HEN24 : 92.775s (-0.99%)
HEQ24 : 88.600s (-1.50%)
Cattle Board Works Higher Despite Soft Export Interest

Live cattle futures were higher on Thursday. The CME shows net changes for the day of +$.50 to +$1.17. Cash trade activity has been quiet, with a few bids at $185 reported in KS and $193 in NE. Feeder...

LEM24 : 184.825s (+0.64%)
LEQ24 : 179.500s (+0.66%)
LEV24 : 181.700s (+0.36%)
GFQ24 : 257.475s (-0.04%)
GFU24 : 258.300s (-0.07%)
GFV24 : 258.725s (-0.05%)
Grain Markets Rally Following a Not So Bearish WASDE Report.

No new news proved to be good news for the grain markets in today's trade. Will the move higher spark more short covering into the end of month and quarter?

Cattle Trying to Recover from Early Weakness

Live cattle are mixed on Thursday, trying to recover from some early losses, as nearbys are up 12 to 17 cents and deferres are slightly lower. Cash trade activity has been quiet, with a few bids at $185...

LEM24 : 184.825s (+0.64%)
LEQ24 : 179.500s (+0.66%)
LEV24 : 181.700s (+0.36%)
GFQ24 : 257.475s (-0.04%)
GFU24 : 258.300s (-0.07%)
GFV24 : 258.725s (-0.05%)
Hogs Slipping Lower into Midday

Lean hog futures are down 30 cents to a dollar so far on Thursday. The CME Lean Hog Index was up 6 cents at $91.38 on June 11. USDA showed the National Base Hog weighted average price at $86.96 on Thursday...

HEM24 : 91.750s (-0.30%)
HEN24 : 92.775s (-0.99%)
HEQ24 : 88.600s (-1.50%)
Have Lean Hogs Found A Short Term Low?

Lean hogs have been under heavy pressure for the last month and a half, but have started to show signs of life near the lows of the year. Has the risk/reward shifted back to the buy-side?

Hog Bulls Look to Extend Boune from Wednesday

Lean hog futures closed the Wednesday trading session with gains of 7 cents to $1.42. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average...

HEM24 : 91.750s (-0.30%)
HEN24 : 92.775s (-0.99%)
HEQ24 : 88.600s (-1.50%)
Cattle Shift Focus to Thursday Trade

Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents. June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade...

LEM24 : 184.825s (+0.64%)
LEQ24 : 179.500s (+0.66%)
LEV24 : 181.700s (+0.36%)
GFQ24 : 257.475s (-0.04%)
GFU24 : 258.300s (-0.07%)
GFV24 : 258.725s (-0.05%)
Cattle Fall on Wednesday

Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents. June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade...

LEM24 : 184.825s (+0.64%)
LEQ24 : 179.500s (+0.66%)
LEV24 : 181.700s (+0.36%)
GFQ24 : 257.475s (-0.04%)
GFU24 : 258.300s (-0.07%)
GFV24 : 258.725s (-0.05%)
Hogs Post Rebound on Wednesday

Lean hog futures closed the Wednesday trading session with gains of 7 cents to $1.42. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average...

HEM24 : 91.750s (-0.30%)
HEN24 : 92.775s (-0.99%)
HEQ24 : 88.600s (-1.50%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 92.558
2nd Resistance Point 91.617
1st Resistance Point 90.108
Last Price 88.600s
1st Support Level 87.658
2nd Support Level 86.717
3rd Support Level 85.208

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52-Week High 108.300
Fibonacci 61.8% 100.631
Fibonacci 50% 98.262
Fibonacci 38.2% 95.894
Last Price 88.600s
52-Week Low 88.225

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