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Lean Hogs Jul '26 (HEN26)

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Lean Hogs Futures Market News and Commentary

Hogs Ease Lower on Friday

Lean hog futures closed out February with contracts steady to 40 cents lower, as April held onto a $2.05 gain this week. USDA’s national base hog price was reported at $90.38 on Friday afternoon, down 62 cents from the day prior. The CME Lean Hog Index was 41 cents higher on Feb 25 at $89.12.

CFTC data showed a total of 522 contracts added to the managed money net long position in lean hog futures and options at 116,983 contracts.

USDA’s pork carcass cutout value from the Friday PM report was up 39 cents at $97.77 per cwt. The butt and rib primals were the only reported lower. USDA estimated federally inspected hog slaughter for this week at 2.516 million head. That is 23,000 head above last week and 9,170 head below the same week last year.

Apr 26 Hogs  closed at $95.725, unch 

May 26 Hogs  closed at $100.125, down $0.225

Jun 26 Hogs  closed at $109.550, down $0.375,

On the date of publication, Austin Schroeder did not have (... 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
07/15/26 (137 days)
Expiration Date
07/15/26 (137 days)

Seasonal Chart

Lean Hogs Jul '26
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Feb 24, 2026

View Chart Details
Commercials - Long / Short
115,362 (-4,594)
174,354 (-2,629)
Non-Commercials - Long / Short
143,266 (-4,732)
74,348 (-6,628)
Producers - Long / Short
25,817 (-8,637)
160,313 (-1,178)
Swap Dealers - Long / Short
86,403 (+4,749)
10,899 (-745)
Managed Money - Long / Short
125,952 (-3,313)
14,819 (-3,228)
Other Reportables - Long / Short
17,314 (-1,419)
59,529 (-3,400)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
106.200 +5.16%
on 02/13/26
112.650 -0.87%
on 02/04/26
+1.575 (+1.43%)
since 01/27/26
3-Month
96.600 +15.61%
on 12/02/25
112.650 -0.87%
on 02/04/26
+13.675 (+13.95%)
since 11/26/25
52-Week
89.900 +24.22%
on 04/09/25
112.650 -0.87%
on 02/04/26
+16.900 (+17.83%)
since 02/27/25

More Lean Hogs Quotes

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Most Recent Stories

More News
Cattle Futures Crash

Markets break down as February ends badly

Cattle Close Out February Bulls Retreating

Live cattle futures posted $2 to $4.70 losses on Friday as April was $9.77 lower on the week. Cash trade settled in at $383 dressed in the North, with $243-244 live across the country. Feeder cattle futures...

LEQ26 : 227.800s (-1.63%)
LEM26 : 229.150s (-1.82%)
LEJ26 : 232.225s (-1.97%)
GFJ26 : 351.200s (-2.10%)
GFH26 : 355.425s (-1.72%)
GFK26 : 347.200s (-2.28%)
Hogs Ease Lower on Friday

Lean hog futures closed out February with contracts steady to 40 cents lower, as April held onto a $2.05 gain this week. USDA’s national base hog price was reported at $90.38 on Friday afternoon, down...

HEK26 : 100.125s (-0.22%)
HEJ26 : 95.725s (unch)
HEM26 : 109.550s (-0.34%)
Shootin' the Bull about doing such a great job, everyone wants to join in

Lastly, cattlemen have bid inventory to levels that have encouraged other producers, outside of the US, to increase production capabilities.

Agricultural Prices

Agricultural Prices - 2026-02-27

KGK26 : 0.6561s (+0.38%)
ZSK26 : 1170-6s (+0.62%)
KIH26 : 296.00s (unch)
XBM26 : 197.25s (+2.33%)
KOK26 : 4,042s (+0.92%)
SWK26 : 407.70s (-0.05%)
ZSBAUS.CM : -0.6418 (-0.19%)
ZOK26 : 319-6s (+0.24%)
BJG26 : 1.4330s (unch)
ZMK26 : 320.5s (-0.12%)
MLK26 : 201.50s (+1.90%)
ZCK26 : 448-4s (+1.13%)
Hogs Posting Mixed Friday Trade

Lean hog futures are mixed at midday, with contracts within 20 cents of unchanged. USDA’s national base hog price was reported at $90.46 on Friday morning, down 51 cents from the day prior. The CME Lean...

HEK26 : 100.125s (-0.22%)
HEJ26 : 95.725s (unch)
HEM26 : 109.550s (-0.34%)
Cattle Closing February with Midday Losses

Live cattle futures are down $2 to $4.12 at midday. Some new selling interest was noted, up 2,199 contracts. Cash trade has come in at $383 dressed in the North, with some $243-245 live across the rest...

LEQ26 : 227.800s (-1.63%)
LEM26 : 229.150s (-1.82%)
LEJ26 : 232.225s (-1.97%)
GFJ26 : 351.200s (-2.10%)
GFH26 : 355.425s (-1.72%)
GFK26 : 347.200s (-2.28%)
Hogs Ease Lower on Thursday

Lean hog futures fell weaker on Thursday, as contracts were down 25 to 50 cents at the close. Open interest rose 3,610 contracts on Thursday. USDA’s national base hog price was reported at $91.00 on...

HEK26 : 100.125s (-0.22%)
HEJ26 : 95.725s (unch)
HEM26 : 109.550s (-0.34%)
Cattle Look to Close Out the Week

Live cattle futures were down $3 to $3.50 in most contracts at the close. Some new selling interest was noted, up 2,199 contracts. Cash trade got kicked off with some $383 dressed in the North, with some...

LEQ26 : 227.800s (-1.63%)
LEM26 : 229.150s (-1.82%)
LEJ26 : 232.225s (-1.97%)
GFJ26 : 351.200s (-2.10%)
GFH26 : 355.425s (-1.72%)
GFK26 : 347.200s (-2.28%)
Livestock and Grains round up and our actionable playbook for the last trading session in February'26

We analyze Livestock and Grains sector in this very brief report

ZMK26 : 320.5s (-0.12%)
ZCK26 : 448-4s (+1.13%)
PAM26 : 1,828.50s (+2.24%)
GFJ26 : 351.200s (-2.10%)
HGK26 : 6.0595s (+0.91%)
PLJ26 : 2,373.5s (+5.98%)
ZLK26 : 61.85s (+0.15%)
LEJ26 : 232.225s (-1.97%)
HOJ26 : 2.5960s (+2.78%)
RBJ26 : 2.2855s (+1.41%)
ZSK26 : 1170-6s (+0.62%)
ZWK26 : 591-4s (+2.96%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 113.533
2nd Resistance Point 113.042
1st Resistance Point 112.358
Last Price 111.675s
1st Support Level 111.183
2nd Support Level 110.692
3rd Support Level 110.008

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52-Week High 112.650
Last Price 111.675s
Fibonacci 61.8% 103.959
Fibonacci 50% 101.275
Fibonacci 38.2% 98.590
52-Week Low 89.900

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