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Lean Hogs Pit Dec '13 (LHZ13)

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Lean Hogs (Pit) Futures Market News and Commentary

Hogs Closes Mixed on Wednesday

Lean hog futures saw mixed trade late on Wednesday, with contracts up 70 cents to 75 cents lower.  USDA’s national base hog price was reported at $97.52 on Wednesday afternoon, up 4 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 PM report was steady at $95.96 per cwt. The loin and belly were the only primals reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 477,000 head, taking the week to date total to 1.418 million head. That is down 18,000 head from last week and 18,405 head below the same week last year.

Jun 26 Hogs  closed at $93.175, down $0.400,

Jul 26 Hogs  closed at $96.850, up $0.700

Aug 26 Hogs  closed at $95.425, up $0.725,

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 data... 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
01/01/14
Expiration Date
12/13/13 (expired)

Seasonal Chart

Lean Hogs Pit Dec '13
Average Price Chart for 5 Prior Pit Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
80.300 +1.18%
on 12/11/13
86.500 -6.07%
on 11/21/13
-5.125 (-5.93%)
since 11/13/13
3-Month
80.300 +1.18%
on 12/11/13
92.300 -11.97%
on 10/30/13
-6.000 (-6.88%)
since 09/13/13
52-Week
75.700 +7.33%
on 03/20/13
92.300 -11.97%
on 10/30/13
-2.950 (-3.50%)
since 12/13/12

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Hogs Closes Mixed on Wednesday

Lean hog futures saw mixed trade late on Wednesday, with contracts up 70 cents to 75 cents lower. USDA’s national base hog price was reported at $97.52 on Wednesday afternoon, up 4 cents from the day...

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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,...

HEN26 : 96.850s (+0.73%)
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Hogs Look to Wednesday Traders

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LEV26 : 233.700s (+0.68%)
LEQ26 : 241.500s (+0.75%)
LEM26 : 250.100s (+0.84%)
GFU26 : 351.375s (+0.19%)
GFQ26 : 354.375s (+0.06%)
GFV26 : 347.725s (+0.24%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 81.350
1st Resistance Point 81.300
Last Price 81.250s
1st Support Level 81.200
2nd Support Level 81.150
3rd Support Level N/A

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52-Week High 92.300
Fibonacci 61.8% 85.959
Fibonacci 50% 84.000
Fibonacci 38.2% 82.041
Last Price 81.250s
52-Week Low 75.700

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