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Lean Hogs Dec '23 (HEZ23)
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Lean Hogs Futures Market News and Commentary

Hogs Resume Strength on Thursday

Lean hogs were $0.62 to $1.22 stronger for the close. That has April up by $1.97 for the week, after the strongest prices since March. USDA’s National Average Base Hog price increased by 58 cents to $73.20. The CME Lean Hog Index increased another $1.17 to $77.97 for 2/20. . 

USDA’s National Pork Carcass Cutout Value increased $1.72 in the Thursday afternoon report to $91.89. USDA had FI hog slaughter listed at 1.96m head for the week through Thursday. That compares to 1.955m head last week and to 1.72m head during the same week last year. 

 

Apr 24 Hogs  closed at $87.200, up $1.225,

May 24 Hogs  closed at $90.325, up $0.975

Apr 24 Pork Cutout  closed at $93.250, up $1.250,

 

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 please view the Barchart Disclosure Policy here.

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
12/14/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

Lean Hogs Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Feb 13, 2024

View Chart Details
Commercials - Long / Short
82,947 (-853)
79,704 (+2,183)
Non-Commercials - Long / Short
70,928 (-2,101)
69,349 (-3,485)
Producers - Long / Short
20,010 (-338)
71,114 (+2,377)
Swap Dealers - Long / Short
58,946 (-281)
4,599 (+40)
Managed Money - Long / Short
51,466 (-313)
16,928 (-1,005)
Other Reportables - Long / Short
19,462 (-1,788)
52,421 (-2,480)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
66.725 +0.67%
on 12/07/23
72.375 -7.18%
on 11/15/23
-5.125 (-7.09%)
since 11/14/23
3-Month
65.400 +2.71%
on 10/20/23
78.700 -14.64%
on 09/20/23
-7.925 (-10.55%)
since 09/14/23
52-Week
65.400 +2.71%
on 10/20/23
85.500 -21.43%
on 02/22/23
-16.300 (-19.53%)
since 12/14/22

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GFH24 : 252.050s (+0.28%)
GFJ24 : 256.700s (+0.30%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 68.333
2nd Resistance Point 68.092
1st Resistance Point 67.633
Last Price 67.175s
1st Support Level 66.933
2nd Support Level 66.692
3rd Support Level 66.233

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52-Week High 85.500
Fibonacci 61.8% 77.822
Fibonacci 50% 75.450
Fibonacci 38.2% 73.078
Last Price 67.175s
52-Week Low 65.400

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