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Lean Hogs Aug '22 (HEQ22)

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Lean Hogs Futures Market News and Commentary

Hogs Post Wednesday Losses as Cash and Cutout Weaken

Lean hog futures fell to weakness on Wednesday, with losses of $1.20 to $1.80 at the close. USDA’s national base hog price from Wednesday afternoon was reported at $78.78, down $3.34 from the day prior. The CME Lean Hog Index was down another 34 cents on November 10 at $89.17. 

USDA’s pork carcass cutout value from the Wednesday PM report was down another $1.24 to $96.14 per cwt. The ham was the only primal reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 494,000 head, taking the weekly total to 1.448 million head. That is 26,000 head below last week but 17,499 head above the same week last year.

Dec 25 Hogs  closed at $80.625, down $1.725,

Feb 26 Hogs  closed at $81.525, down $1.700

Apr 26 Hogs  closed at $85.550, down $1.500,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and da... 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
08/12/22
Expiration Date
08/12/22 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Sep 23, 2025

View Chart Details
Commercials - Long / Short
91,152 (-5,496)
183,330 (-2,174)
Non-Commercials - Long / Short
188,096 (+3,927)
91,079 (+2,008)
Producers - Long / Short
23,130 (-8)
166,446 (+4,879)
Swap Dealers - Long / Short
65,457 (+764)
14,319 (-801)
Managed Money - Long / Short
154,086 (+1,152)
13,983 (+1,350)
Other Reportables - Long / Short
34,010 (+2,775)
77,096 (+658)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
108.500 +12.19%
on 07/15/22
122.525 -0.65%
on 08/11/22
+12.725 (+11.67%)
since 07/12/22
3-Month
99.250 +22.64%
on 05/13/22
122.525 -0.65%
on 08/11/22
+22.750 (+22.99%)
since 05/12/22
52-Week
85.025 +43.16%
on 09/15/21
123.650 -1.56%
on 03/31/22
+31.525 (+34.95%)
since 08/12/21

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Hogs Post Wednesday Losses as Cash and Cutout Weaken

Lean hog futures fell to weakness on Wednesday, with losses of $1.20 to $1.80 at the close. USDA’s national base hog price from Wednesday afternoon was reported at $78.78, down $3.34 from the day prior....

HEG26 : 81.525s (-2.04%)
HEZ25 : 80.625s (-2.09%)
HEJ26 : 85.550s (-1.72%)
Cattle Fall Lower on Wednesday

Live cattle futures saw Wednesday losses of $1.25 to $2 at the close. Very light cash trade was reported on Tuesday in the North at $227, but not enough for a full market test. There were a few bids of...

LEJ26 : 224.500s (-0.59%)
LEG26 : 224.975s (-0.63%)
LEZ25 : 225.275s (-0.85%)
GFF26 : 327.475s (-0.51%)
GFX25 : 339.025s (+0.40%)
GFH26 : 321.025s (-0.71%)
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Shootin' the Bull about losing participants

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Cattle Trading with Weakness on Wednesday

Live cattle futures are down $2.30 to $2.65 across most contracts at midday. Very light cash trade was reported on Tuesday in the North at $227, but not enough for a full market test. There were a few...

LEJ26 : 224.500s (-0.59%)
LEG26 : 224.975s (-0.63%)
LEZ25 : 225.275s (-0.85%)
GFF26 : 327.475s (-0.51%)
GFX25 : 339.025s (+0.40%)
GFH26 : 321.025s (-0.71%)
Hogs Falling on Wednesday

Lean hog futures are falling back $1.20 to $1.80 lower across most contracts on Wednesday. USDA’s national base hog price from Wednesday morning was reported at $81.17 down $0.62 from the day prior....

HEG26 : 81.525s (-2.04%)
HEZ25 : 80.625s (-2.09%)
HEJ26 : 85.550s (-1.72%)
Cattle Look to Wednesday Action After Mixed Tuesday Trade

Live cattle futures were down 60 cents to $1.35 at the close. Preliminary open interest dropped 2,522 contracts, with December down 8,675 contracts and Feb up 4,727 contracts. Last week’s cash trade...

LEJ26 : 224.500s (-0.59%)
LEG26 : 224.975s (-0.63%)
LEZ25 : 225.275s (-0.85%)
GFF26 : 327.475s (-0.51%)
GFX25 : 339.025s (+0.40%)
GFH26 : 321.025s (-0.71%)
Hog Traders Look to Wednesday

Lean hog futures posted mixed Tuesday action with contracts down 42 to up 40 cents. Preliminary open interest was down 6,796 contracts on Tuesday, with much of that coming via December (11,027). USDA’s...

HEG26 : 81.525s (-2.04%)
HEZ25 : 80.625s (-2.09%)
HEJ26 : 85.550s (-1.72%)
Cattle Slip Off Highs into the Close

Live cattle futures were down 60 cents to $1.35 at the close. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Monday activity was quiet with showlists being...

LEJ26 : 224.500s (-0.59%)
LEG26 : 224.975s (-0.63%)
LEZ25 : 225.275s (-0.85%)
GFF26 : 327.475s (-0.51%)
GFX25 : 339.025s (+0.40%)
GFH26 : 321.025s (-0.71%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 122.833
2nd Resistance Point 122.592
1st Resistance Point 122.158
Last Price 121.725s
1st Support Level 121.483
2nd Support Level 121.242
3rd Support Level 120.808

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52-Week High 123.650
Last Price 121.725s
Fibonacci 61.8% 108.895
Fibonacci 50% 104.338
Fibonacci 38.2% 99.780
52-Week Low 85.025

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