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Lean Hogs Dec '22 (HEZ22)
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Lean Hogs Futures Market News and Commentary

Lean Hogs Finish Friday Red

The front month lean hog futures fell $0.17 to $1.37 lower across the front months. That limited the weekly move to a net $1.32 gain for Feb hogs. Feb hogs rounded out the month of Nov with a $3.40 loss for the month after an incredibly wide trading range from $65.80-$77.77. The National Average Base Hog price for Thursday was $58.60, up by 54 cents. The CME Lean Hog Index was steady at $71.35 for 11/29.   

The National Pork Carcass Cutout Value for Friday afternoon was 28 cents weaker, on mixed to mostly higher primals, to $83.55. USDA reported the week’s pork production was 577.7 million lbs on a 2.704m head harvest. That was up 3% (and 4.7%) from last year, as the YTD total exceeds last year by 0.4% on production and 1.6% on slaughter. 

Dec 23 Hogs  are at $68.850, up $0.075,

Feb 24 Hogs  are at $70.275, down $1.200

Dec 23 Pork Cutout  is at $81.750, up $1.000,

On the date of publication, Alan Brugler did not have (either directly or indirectly) positi... 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
12/14/22
Expiration Date
12/16/22 (expired)

Seasonal Chart

Lean Hogs Dec '22
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Nov 28, 2023

View Chart Details
Commercials - Long / Short
76,877 (+1,822)
49,684 (-4,725)
Non-Commercials - Long / Short
54,404 (+363)
79,680 (+8,698)
Producers - Long / Short
23,857 (+1,261)
39,670 (-3,532)
Swap Dealers - Long / Short
47,002 (+441)
3,996 (-1,313)
Managed Money - Long / Short
36,267 (-589)
51,010 (+13,738)
Other Reportables - Long / Short
18,137 (+952)
28,670 (-5,040)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
80.550 +2.20%
on 11/28/22
86.575 -4.91%
on 11/15/22
-2.550 (-3.00%)
since 11/14/22
3-Month
72.975 +12.81%
on 10/04/22
89.800 -8.32%
on 10/21/22
-2.975 (-3.49%)
since 09/14/22
52-Week
72.975 +12.81%
on 10/04/22
91.350 -9.88%
on 08/16/22
+6.450 (+8.50%)
since 12/14/21

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Cattle Collapse and will Continue to - Soybeans Heading to $13.00 on the way to $11.50...

Lean Hogs Finish Friday Red

The front month lean hog futures fell $0.17 to $1.37 lower across the front months. That limited the weekly move to a net $1.32 gain for Feb hogs. Feb hogs rounded out the month of Nov with a $3.40 loss...

HEZ23 : 68.600s (-0.25%)
HEG24 : 70.100s (-1.92%)
KMZ23 : 81.650s (+1.11%)
Cattle Close Week Lower

Fat cattle’s triple digit losses flipped the board to net red for the week’s move. Feb closed Friday down by $2.70, and was #$1.85 weaker wk/wk. Cash trade for the week was mostly $174-$175, UNCH to...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
LEY00 : 175.000s (unch)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
Shootin' the Bull about a down turn in everything

This week, my indigestion or intuition began causing me to lose sleep.  I have been anticipating energy to move sharply higher, and beans as well.  Neither have done what was anticipated.  By Friday,...

Livestock Futures Break Down

Markets Fail to hold early rallies, end week on a sour note

Hogs Beginning December with Red Day

Lean hogs start the new month with $0.62 to $1.35 losses through Dec 1’s midday. Feb hogs rounded out the month of Nov with a $3.40 loss for the month after an incredibly wide trading range from $65.80-$77.77....

HEZ23 : 68.600s (-0.25%)
HEG24 : 70.100s (-1.92%)
KMZ23 : 81.650s (+1.11%)
Cattle Down again for Friday

Front month live cattle prices are currently $0.90 to $1.52 in the red. The final print of the month left the Feb cattle contract down by a net $12.80 for November, following October’s $7.87 loss. USDA...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
LEY00 : 175.000s (unch)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
Buy the Dip?

Grains are softer in the early morning trade as we wade into the last month of the year, but is this a buying opportunity in corn?

Cattle Finished November with $12.80 Loss

The final print of the month left the Feb cattle contract down by a net $12.80, following October’s $7.87 loss. The Thursday session itself also flipped the week’s net move back to red after live cattle...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
$12 Trading Range for Hogs During November

Hogs rounded out the last trading day of Nov $0.60 to $1.37 stronger on Thursday. That left the Feb contract with a $3.40 loss for the month, after an incredibly wide trading range from $65.80-$77.77....

HEZ23 : 68.600s (-0.25%)
HEJ24 : 76.375s (-1.26%)
KMZ23 : 81.650s (+1.11%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 82.975
2nd Resistance Point 82.775
1st Resistance Point 82.550
Last Price 82.325s
1st Support Level 82.125
2nd Support Level 81.925
3rd Support Level 81.700

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52-Week High 91.350
Fibonacci 61.8% 84.331
Last Price 82.325s
Fibonacci 50% 82.162
Fibonacci 38.2% 79.994
52-Week Low 72.975

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