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Lean Hogs May '25 (HEK25)

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Lean Hogs Futures Market News and Commentary

Hogs Face Monday Weakness

Lean hog futures were down 22 to 95 cents across the board on Monday. USDA’s national base hog price was reported at $94.88 on Monday afternoon, up $3.36 from the day prior. The CME Lean Hog Index was down 2 cents on May 14 at $90.46. 

On Sunday, the White House released a fact sheet on the US/China talks from last week, in part stating that “China will purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments that it made in October 2025.”

USDA’s pork carcass cutout value from the Monday PM report was up 80 cents at $98.36 per cwt. The picnic, rib, and ham primals were reported lower. USDA estimated federally inspected hog slaughter for Monday at 460,000 head. That is down 2,000 head from the previous Monday and 21,329 head below the same week last year.

Jun 26 Hogs  closed at $98.525, down $0.225,

Jul 26 Hogs  closed at $102.750, down $0.600

Aug 26 Hogs  clo... 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
$1,870/1,700
First Notice Date
05/14/25
Expiration Date
05/16/25 (expired)

Seasonal Chart

Lean Hogs May '25
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 12, 2026

View Chart Details
Commercials - Long / Short
128,477 (+4,286)
123,122 (-3,958)
Non-Commercials - Long / Short
90,903 (+1,841)
93,237 (+10,626)
Producers - Long / Short
47,000 (+1,252)
109,261 (-4,682)
Swap Dealers - Long / Short
79,051 (+2,660)
11,435 (+350)
Managed Money - Long / Short
75,506 (-474)
46,295 (+9,002)
Other Reportables - Long / Short
15,397 (+2,315)
46,942 (+1,624)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
87.600 +3.88%
on 04/15/25
93.400 -2.57%
on 04/28/25
+3.050 (+3.47%)
since 04/14/25
3-Month
82.825 +9.87%
on 04/07/25
98.225 -7.36%
on 02/18/25
-5.425 (-5.63%)
since 02/14/25
52-Week
78.525 +15.89%
on 08/13/24
98.225 -7.36%
on 02/18/25
+1.775 (+1.99%)
since 05/14/24

More Lean Hogs Quotes

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Most Recent Stories

More News
Hogs Face Monday Weakness

Lean hog futures were down 22 to 95 cents across the board on Monday. USDA’s national base hog price was reported at $94.88 on Monday afternoon, up $3.36 from the day prior. The CME Lean Hog Index was...

HEN26 : 102.750s (-0.58%)
HEM26 : 98.525s (-0.23%)
HEQ26 : 103.225s (-0.89%)
Cattle Fall Back on Monday

Live cattle futures ended the Monday session with contracts down 52 cents to $1.15. Cash trade was mostly $260-265 in the South last week, with northern trade at $408-415 dressed and up to $265 live. Feeder...

LEV26 : 238.950s (-0.39%)
LEQ26 : 247.150s (-0.31%)
LEM26 : 253.375s (-0.21%)
GFQ26 : 358.850s (-0.72%)
GFK26 : 368.800s (+0.03%)
GFU26 : 356.200s (-0.83%)
Hogs Can’t Hold Early Rally and Breakdown

Hogs fail to hold early rally and settles at the lows.

Shootin' the Bull in Novel size.

Thank you to Craig Purvine, from "The Cattle Range" for permission to use the charts below.  The first two charts below have little to do with predicting price direction.

Strong Fundamentals Are Pushing Cattle Prices Higher, But Hogs Need a Boost

Pseudorabies concerns continue to weigh on lean hog prices, but bulls are hoping substitution demand at the meat counter will start to help.

HEM26 : 98.525s (-0.23%)
GFQ26 : 358.850s (-0.72%)
LEM26 : 253.375s (-0.21%)
GFK26 : 368.800s (+0.03%)
Cattle Slipping Lower on Monday

Live cattle futures are up 12 cents in the front month June contracts, with others down 30 to 40 cents. Cash trade was mostly $260-265 in the South last week, with northern trade at $408-415 dressed and...

LEV26 : 238.950s (-0.39%)
LEQ26 : 247.150s (-0.31%)
LEM26 : 253.375s (-0.21%)
GFQ26 : 358.850s (-0.72%)
GFK26 : 368.800s (+0.03%)
GFU26 : 356.200s (-0.83%)
Hogs Retreating Lower on Monday

Lean hog futures are trading with contracts down 17 to 90 cents at midday. USDA’s national base hog price was not reported at $91.52 on Monday morning due to light volume. The CME Lean Hog Index was...

HEN26 : 102.750s (-0.58%)
HEM26 : 98.525s (-0.23%)
HEQ26 : 103.225s (-0.89%)
Cattle Look to Monday Trade

Live cattle futures posted $1.20 to $2.05 higher trade across the board on Friday, with June holding up $5 on the week as the cash market was a driver. Open interest was up 3,445 contracts on Friday. Cash...

LEV26 : 238.950s (-0.39%)
LEQ26 : 247.150s (-0.31%)
LEM26 : 253.375s (-0.21%)
GFQ26 : 358.850s (-0.72%)
GFK26 : 368.800s (+0.03%)
GFU26 : 356.200s (-0.83%)
Hogs Look to New Week

Lean hog futures posted 12 cent to $1.32 losses across the board on Friday, with June settling with a 12 cent gain on the week. Open interest was down 692 contracts on Friday. USDA’s national base hog...

HEN26 : 102.750s (-0.58%)
HEM26 : 98.525s (-0.23%)
HEQ26 : 103.225s (-0.89%)
Wheat Backs Off From A Long Term Fibonacci Retracement

Educational and Actionable information using Fibonacci and W.D. Gann analysis. NEW VIDEO!

ZWN26 : 664-4s (+4.52%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 91.300
2nd Resistance Point 91.150
1st Resistance Point 91.075
Last Price 91.000s
1st Support Level 90.850
2nd Support Level 90.700
3rd Support Level 90.625

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52-Week High 98.225
Last Price 91.000s
Fibonacci 61.8% 90.700
Fibonacci 50% 88.375
Fibonacci 38.2% 86.050
52-Week Low 78.525

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