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Lean Hogs Pit May '15 (LHK15)

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Lean Hogs (Pit) Futures Market News and Commentary

Hogs Post Mixed Trade on Wednesday

Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price was down $2.10 on Wednesday afternoon at 88.73. The CME Lean Hog Index was back up 7 cents on May 13 at $91.29.

USDA’s National Pork Carcass Cutout Value was back up 19 cents in the Wednesday PM report at $101.70. The belly, loin, and butt primals were in a range of 29 cents to $2.05 higher, with the rest of the primals reported lower. USDA estimated Wednesday’s federally inspected hog slaughter at 480,000 head, taking the week to date total to 1.421 million head. That is 15,000 head below last week but 18,978 head above the same week last year.

Jun 24 Hogs  closed at $97.500, down $0.825,

Jul 24 Hogs  closed at $100.875, down $0.050

Aug 24 Hogs  closed at $100.025, up $0.125,

On the date of publication, Alan Brugler did not have (either directly or indire... 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
05/14/15
Expiration Date
05/14/15 (expired)

Seasonal Chart

Lean Hogs Pit May '15
Average Price Chart for 5 Prior Pit Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
69.450 +17.64%
on 04/15/15
81.775 -0.09%
on 05/14/15
+10.000 (+13.95%)
since 04/14/15
3-Month
66.150 +23.51%
on 03/24/15
81.900 -0.24%
on 02/25/15
+5.575 (+7.32%)
since 02/13/15
52-Week
66.150 +23.51%
on 03/24/15
95.750 -14.67%
on 07/16/14
-10.600 (-11.48%)
since 05/14/14

More Lean Hogs (Pit) Quotes

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Most Recent Stories

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ZWK24 : 657-0s (-1.98%)
ZSN24 : 1212-6 (-0.06%)
ZCK24 : 453-6s (-1.04%)
LEM24 : 178.250s (+0.04%)
Shootin' the Bull about more beef and fewer cattle

Of the most interest is that we are currently producing more beef than last year with fewer cattle.  Of everything you can mention that has created this, you are correct.  It's taken everything possible...

Hogs Post Mixed Trade on Wednesday

Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Cattle Post Midweek Strength

Live cattle posted Wednesday strength of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Pure Hedge - Livestock and Grain

Grains Break Hard Off the Highs- Livestock Mixed

Broiler Hatchery

Broiler Hatchery - 2024-05-15

Z8Y00 : 116.50s (unch)
WDU24 : 3,977s (-0.57%)
Cattle Holding Higher on Wednesday’s Midday

Live cattle are extending the week’s gains, as contracts are up 17 to 50 cents at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Hog Mixed on Wednesday

Lean hogs are mixed on Wednesday, with June down 70 cents, with other contracts slightly above unch. USDA’s National Average Base Hog negotiated price was up $1.17 from the Tuesday afternoon print at...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Cattle Futures Firm

Livestock futures gain ground in Tuesday’s trade, will they see follow through today?

Cattle Bulls Helped by Boxed Beef Pop

Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 81.800
1st Resistance Point 81.750
Last Price 81.700s
1st Support Level 81.675
2nd Support Level 81.650
3rd Support Level N/A

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52-Week High 95.750
Fibonacci 61.8% 84.443
Last Price 81.700s
Fibonacci 50% 80.950
Fibonacci 38.2% 77.457
52-Week Low 66.150

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