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Lean Hogs Pit Feb '12 (LHG12)

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Lean Hogs (Pit) Futures Market News and Commentary

Hogs Posting Wednesday Gains

Lean hog futures are trading with mostly higher trade on Wednesday, with most contracts up $1 to $1.15. as June is down 37 cents.  USDA’s national base hog price was reported at $97.35 on Wednesday morning, up 18 cents from the day prior. The CME Lean Hog Index was up 13 cents on June 8 at $92.76.

USDA’s pork carcass cutout value from the Wednesday AM report was up at $96.65 per cwt. The picnic and ham were the only primals reported lower. USDA estimated federally inspected hog slaughter for Tuesday at 485,000 head, taking the week to date total to 950,000. That is down 8,000 head from last Monday and 8,244 head below the same week last year.

Jun 26 Hogs  are at $93.200, down $0.375,

Jul 26 Hogs  are at $97.175, up $1.025

Aug 26 Hogs are at $95.775, up $1.075,

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

Contract Specifications

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Contract
Lean Hogs [Pit]
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:02p.m. CST
Exchange
CME
Point Value
$400
Margin/Maintenance
$1,320/1,200
First Notice Date
02/14/12
Expiration Date
02/14/12 (expired)

Seasonal Chart

Lean Hogs Pit Feb '12
Average Price Chart for 5 Prior Pit Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
85.100 +2.35%
on 01/20/12
87.900 -0.91%
on 02/03/12
+1.500 (+1.75%)
since 01/13/12
3-Month
82.625 +5.42%
on 12/16/11
92.350 -5.68%
on 11/30/11
-1.800 (-2.02%)
since 11/14/11
52-Week
81.400 +7.00%
on 03/16/11
93.800 -7.14%
on 10/18/11
+1.350 (+1.57%)
since 02/14/11

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Hogs Extend Weakness to Tuesday, as Cutout Falls

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 87.183
1st Resistance Point 87.142
Last Price 87.100s
1st Support Level 87.067
2nd Support Level 87.033
3rd Support Level N/A

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52-Week High 93.800
Fibonacci 61.8% 89.063
Fibonacci 50% 87.600
Last Price 87.100s
Fibonacci 38.2% 86.137
52-Week Low 81.400

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