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Lean Hogs May '19 (HEK19)

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Lean Hogs Futures Market News and Commentary

Hogs Slip Lower on Monday

Lean hogs ended the Monday session slipping lower, with contracts down 70 cents to $1. USDA’s National Average Base Hog negotiated price was reported at $88.30 in the Monday afternoon report, up $2.45 from the day prior. The CME Lean Hog Index was up 49 cents on May 30 at $91.49. 

USDA’s National Pork Carcass Cutout Value was back down $1.82 Monday PM print at $101.43. All primals were reported lower. USDA estimated federally inspected hog slaughter at 483,000 head last week on Monday. That well above last week because of the holiday and 18,294 head above the same week last year. 

Jun 24 Hogs  closed at $93.650, down $0.700,

Jul 24 Hogs  closed at $96.275, down $0.850

Aug 24 Hogs  closed at $95.625, down $0.875,

On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information... 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
05/14/19
Expiration Date
05/14/19 (expired)

Seasonal Chart

Lean Hogs May '19
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 28, 2024

View Chart Details
Commercials - Long / Short
108,350 (+4,057)
117,651 (-3,772)
Non-Commercials - Long / Short
81,944 (-2,686)
68,282 (+6,514)
Producers - Long / Short
21,189 (+1,634)
97,606 (-6,269)
Swap Dealers - Long / Short
75,590 (-425)
8,474 (-351)
Managed Money - Long / Short
57,005 (-4,467)
25,938 (+8,637)
Other Reportables - Long / Short
24,939 (+1,781)
42,344 (-2,123)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
81.700 +2.26%
on 05/07/19
91.225 -8.41%
on 04/16/19
-6.050 (-6.75%)
since 04/12/19
3-Month
62.650 +33.36%
on 02/20/19
93.250 -10.40%
on 04/05/19
+15.850 (+23.41%)
since 02/14/19
52-Week
62.650 +33.36%
on 02/20/19
93.250 -10.40%
on 04/05/19
+10.850 (+14.92%)
since 05/14/18

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Most Recent Stories

More News
Hogs Open Strong End on Weakness

Hogs fail to capitalize on opening strength close near low

Cattle Pull Off Monday Lows to Close Mixed

Live cattle are down anywhere from a tick to $1.02 at midday to start June trade. Cash cattle markets saw the North reported at $190 last week, down $2 on the week. The South traded hands at $186, a $1...

LEM24 : 182.025s (+0.26%)
LEQ24 : 178.875s (+0.24%)
LEV24 : 180.900s (+0.06%)
GFQ24 : 256.200s (-0.08%)
GFU24 : 257.875s (-0.10%)
GFV24 : 258.850s (-0.05%)
Hogs Slip Lower on Monday

Lean hogs ended the Monday session slipping lower, with contracts down 70 cents to $1. USDA’s National Average Base Hog negotiated price was reported at $88.30 in the Monday afternoon report, up $2.45...

HEM24 : 93.650s (-0.74%)
HEN24 : 96.275s (-0.88%)
HEQ24 : 95.625s (-0.91%)
Pure Hedge - Livestock and Grain

These Breaks are not over - Continue to Sell into Strength

Fats and Oils

Fats and Oils - 2024-06-03

ZCN24 : 442-0 (-0.34%)
ZSN24 : 1187-2 (+0.23%)
XSU24 : 4,027s (-0.98%)
XTN24 : 4,656s (+0.02%)
XVN24 : 2,437s (+0.12%)
ZMN24 : 358.7 (-0.22%)
ZLN24 : 44.38 (+0.54%)
XUU24 : 3,466s (-0.55%)
XXU24 : 7,990s (-1.24%)
RSN24 : 637.00 (+0.41%)
KOQ24 : 3,936 (-3.43%)
YHU24 : 7,780s (-0.49%)
Cattle Slipping to Start New Month

Live cattle are down anywhere from a tick to $1.02 at midday to start June trade. Cash cattle markets saw the North reported at $190 last week, down $2 on the week. The South traded hands at $186, a $1...

LEM24 : 182.025s (+0.26%)
LEQ24 : 178.875s (+0.24%)
LEV24 : 180.900s (+0.06%)
GFQ24 : 256.200s (-0.08%)
GFU24 : 257.875s (-0.10%)
GFV24 : 258.850s (-0.05%)
Hogs Falling at Midday

Hogs Falling at Midday Lean hogs are resuming their weakness as we start June, with contracts down 50 to 75 cents at midday. USDA’s National Average Base Hog negotiated price was not reported in the...

HEM24 : 93.650s (-0.74%)
HEN24 : 96.275s (-0.88%)
HEQ24 : 95.625s (-0.91%)
Was Last Week’s Pullback a “Buy the Dip” Opportunity in the Livestock Markets?

Cattle futures were lower in the back half of last week’s trade but still posted an impressive month. What will the month of June hold for cattle and hog futures?

Grain Market Update: What's Affecting the Corn, Wheat, and Soybean Markets?

On Friday I was interviewed by Michelle Rook on AgWeb's Markets Now. I spoke about the recent action in the corn, wheat, and soybean markets. In addition, we discussed the cattle markets.

ZCK24 : 453-6s (-1.04%)
ZWK24 : 657-0s (-1.98%)
ZSN24 : 1187-2 (+0.23%)
LEM24 : 182.025s (+0.26%)
Cattle Look to Start New Month of Trade

Live cattle were down $1 to $1.50 on Friday, the end of the month provided some selling opportunities. June was up $6.57 during May. Cash cattle markets saw the North reported at $190, down $2 on the week....

LEM24 : 182.025s (+0.26%)
LEQ24 : 178.875s (+0.24%)
LEV24 : 180.900s (+0.06%)
GFQ24 : 256.200s (-0.08%)
GFU24 : 257.875s (-0.10%)
GFV24 : 258.850s (-0.05%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 83.850
1st Resistance Point 83.700
Last Price 83.550s
1st Support Level 83.475
2nd Support Level 83.400
3rd Support Level N/A

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52-Week High 93.250
Last Price 83.550s
Fibonacci 61.8% 81.561
Fibonacci 50% 77.950
Fibonacci 38.2% 74.339
52-Week Low 62.650

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