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Lean Hogs Oct '23 (HEV23)

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Lean Hogs Futures Market News and Commentary

Hogs Look to Thursday Trade

Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. Open interest was up 1,587 contracts. USDA’s national base hog price was reported at $95.56 on Wednesday afternoon, down $1.70 from the day prior. The CME Lean Hog Index was back down 17 cents on June 22 at $91.47 

USDA will release their quarterly Hogs and Pigs report on Thursday, with a Reuters survey of analysts looking for June 1 hog inventory up 0.9% from last year. Hogs kept for breeding are seen down 0.7%, with market hog inventory seen up 1.1%. The March-May pig crop is expected to be up 1.2%, with farrowings seen down 0.2%. 

USDA’s pork carcass cutout value from the Wednesday PM report was down $1.39 at $93.86 per cwt. The rib and ham primals were the only reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 487,000 head, taking the weekly total to 1.429 million head. That was up 14,000 head from la... 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
10/13/23
Expiration Date
10/13/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 16, 2026

View Chart Details
Commercials - Long / Short
140,014 (+9,740)
79,223 (-9,361)
Non-Commercials - Long / Short
66,869 (-4,248)
126,211 (+12,973)
Producers - Long / Short
57,552 (+7,021)
71,094 (-8,322)
Swap Dealers - Long / Short
78,160 (+1,521)
3,827 (-2,237)
Managed Money - Long / Short
48,856 (-1,554)
77,496 (+2,625)
Other Reportables - Long / Short
18,013 (-2,694)
48,715 (+10,348)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
79.300 +3.31%
on 10/04/23
86.125 -4.88%
on 09/20/23
-2.050 (-2.44%)
since 09/13/23
3-Month
77.750 +5.37%
on 08/16/23
86.750 -5.56%
on 08/01/23
-1.425 (-1.71%)
since 07/13/23
52-Week
68.625 +19.38%
on 05/26/23
93.750 -12.61%
on 02/21/23
-2.550 (-3.02%)
since 10/13/22

More Lean Hogs Quotes

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Most Recent Stories

More News
Hogs Look to Thursday Trade

Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. Open interest was up 1,587 contracts. USDA’s national base hog...

HEQ26 : 96.700s (-0.54%)
HEN26 : 93.850s (-0.40%)
HEV26 : 80.900s (-0.37%)
Cattle Look to Thursday Following Wednesday Rally

Live cattle futures were 52 cents to $1.32 higher on Wednesday. Open interest was down 1,801 contracts on Wednesday. Cash trade saw some light $260 live and $408 dressed in the north on Wednesday. The...

LEV26 : 240.375s (+0.26%)
LEQ26 : 246.525s (+0.21%)
LEM26 : 256.000s (+0.33%)
GFU26 : 370.625s (+0.99%)
GFQ26 : 372.925s (+1.30%)
GFV26 : 367.550s (+0.81%)
Cattle Rally on Wednesday

Live cattle futures were 52 cents to $1.32 higher on Wednesday. Cash trade saw some light $260 live and $408 dressed in the north on Wednesday. The Wednesday morning, Fed Cattle Exchange online auction...

LEV26 : 240.375s (+0.26%)
LEQ26 : 246.525s (+0.21%)
LEM26 : 256.000s (+0.33%)
GFU26 : 370.625s (+0.99%)
GFQ26 : 372.925s (+1.30%)
GFV26 : 367.550s (+0.81%)
Hogs Holding Mixed on Wednesday

Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. USDA’s national base hog price was reported at $95.56 on Wednesday...

HEQ26 : 96.700s (-0.54%)
HEN26 : 93.850s (-0.40%)
HEV26 : 80.900s (-0.37%)
Shootin' the Bull about being prepared

Be prepared.  For what?  I don't know, just be prepared.

Cattle Rally Resuming on Wednesday

Live cattle futures are up $1.45 to $1.72 so far on Wednesday. Cash trade has yet to develop this week, as sales came in at $258-260 last week. The Wednesday morning, Fed Cattle Exchange online auction...

LEV26 : 240.375s (+0.26%)
LEQ26 : 246.525s (+0.21%)
LEM26 : 256.000s (+0.33%)
GFU26 : 370.625s (+0.99%)
GFQ26 : 372.925s (+1.30%)
GFV26 : 367.550s (+0.81%)
Hogs Holding Mixed on Wednesday

Lean hog futures are trading with mixed Wednesday action, as nearbys continue to be weaker, down 15 to 20 cents and defereds up as much as 70 cents. USDA’s national base hog price was not reported on...

HEQ26 : 96.700s (-0.54%)
HEN26 : 93.850s (-0.40%)
HEV26 : 80.900s (-0.37%)
An Interview with Barchart's AI Market Analyst CARL

I recently sat down with CARL, Barchart's new AI market analyst, and asked it a number of familiar questions.

ZCZ26 : 434-4 (-0.06%)
Hogs Look to Wednesday Trade

Lean hog futures were mixed at the Tuesday close, with contracts down 42 cents in July to up 50 cents in August and most of the rest of the board in between. Open interest was down 2,218 contracts on Tuesday....

HEQ26 : 96.700s (-0.54%)
HEN26 : 93.850s (-0.40%)
HEV26 : 80.900s (-0.37%)
Cattle Look to Wednesday, as Beef Tops $400

Live cattle futures were down 67 cents to $1.35 across most contracts on the day. Open interest dropped, 4,879 contracts on TuesdayCash trade has yet to develop this week, as sales crept up to $258-260...

LEV26 : 240.375s (+0.26%)
LEQ26 : 246.525s (+0.21%)
LEM26 : 256.000s (+0.33%)
GFU26 : 370.625s (+0.99%)
GFQ26 : 372.925s (+1.30%)
GFV26 : 367.550s (+0.81%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 82.317
2nd Resistance Point 82.208
1st Resistance Point 82.067
Last Price 81.925s
1st Support Level 81.817
2nd Support Level 81.708
3rd Support Level 81.567

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52-Week High 93.750
Fibonacci 61.8% 84.152
Last Price 81.925s
Fibonacci 50% 81.188
Fibonacci 38.2% 78.223
52-Week Low 68.625

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